Shares of Vanda Pharmaceuticals Rise to a New 52-Week High

Published on Fri, 05/24/2013 - 14:13
By Adrienne Chilton in 52 Week high-lows, VNDA, 52 week high/lows, nasdaq:vnda, vanda pharmaceuticals

Vanda Pharmaceuticals (NASDAQ:VNDA) traded at a new 52-week high today of $8.60. Approximately 2 million shares have changed hands today, as compared to an average 30-day volume of 462,000 shares.

In the past 52 weeks, shares of Vanda Pharmaceuticals have traded between a low of $2.92 and a high of $8.60 and are now at $8.30, which is 184% above that low price. The 200-day and 50-day moving averages have moved 1.51% higher and 5.95% higher over the past week, respectively.

Vanda Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of clinical-stage, small molecule product candidates for central nervous system disorders.

Vanda Pharmaceuticals (NASDAQ:VNDA) has potential upside of 5.4% based on a current price of $8.30 and analysts' consensus price target of $8.75. The stock should discover initial support at its 50-day moving average (MA) of $4.72 and subsequent support at its 200-day MA of $4.07.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Watch for Continued Gains in Shares of W...

Weingarten Realty Investors (NYSE:WRI) traded today at a new 52-week high of $34.07. S ...

VCA Antech Looks to Continue to Trade Ab...

Shares of VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $38.05. So fa ...

WellPoint: 52-Week High Recently Eclipse...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $116.26. Approximately 1.5 ...

Shares of Whiting Petroleum Rise Above P...

Whiting Petroleum (NYSE:WLL) traded today at a new 52-week high of $88.90. This new hi ...

Windstream: The Winning Streak Continues...

Shares of Windstream (NASDAQ:WIN) traded today at $10.35, breaking its 52-week high. S ...

Shares of Vanguard Natural Resources Ris...

Shares of Vanguard Natural Resources (NYSE:VNR) traded at a new 52-week high today of $ ...

Watch for Continued Gains in Shares of U...

Union Pacific (NYSE:UNP) traded today at a new 52-week high of $102.98. So far today a ...

Take-Two Interactive Software: The Winni...

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded today at $23.48, breaking ...