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Penny Stock DD

RXi Pharmaceuticals Corporation (NASDAQ:RXII) witnessed the correction of 9.38% and closed at $1.16 whereas overall traded volume stood at 1.67 million shares for the day. The current market price is 20.66% less than its last 50 days simple moving average. The RSI value of 37.02 times depicts that the current share value is in overbought level.

Poniard Pharmaceuticals, Inc. (NASDAQ:PARD) dropped by 5.43% to close at $0.35 with total traded volume of 1.50 million shares in the last trading session. The company maintains strong short term liquidity position with current ratio of 3.23 times.

ABIOMED, Inc. (NASDAQ:ABMD) closed at $15.09 after plunging by 4.97% whereas traded volume stood at 3.41 million shares for the day. Its outstanding share stood at 37.85 million. Its total market capitalization arrived at $571.16 million.

By,

Martin Hammond

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