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Applied Genetic Technologies Corp (AGTC) Drops 6.96% on August 29

August 29, 2014

Equities Staff



Applied Genetic Technologies Corp ($AGTC) was one of the Russell 2000's biggest losers for August 29 as the stock slid 6.96% to $17.10, a loss of $1.28 per share. Starting at an opening price of $18.37 a share, the stock traded between $16.82 and $18.66 over the course of the trading day. Volume was 117,160 shares over 641 trades, against an average daily volume of 75,755 shares and a total float of 16,382,091.

The losses send Applied Genetic Technologies Corp down to a market cap of $280,133,756. In the last year, Applied Genetic Technologies Corp has traded between $34.37 and $11.10, and its 50-day SMA is currently $20.28.

For a full analysis of Applied Genetic Technologies Corp, check out Equities.com's E.V.A. report.

Applied Genetic Technologies Corp is a clinical-stage biotechnology company developing gene therapy products designed to transform the lives of patients with severe inherited orphan diseases in ophthalmology.

Applied Genetic Technologies Corp, led by CEO Susan B. Washer, and is headquartered in Alachua, FL.

One of the most effective tools for tracking the market for small-cap stocks is the Russell 2000, the nation's leading small-cap index created by industry stalwart Russell Investments. Unlike the well-known Dow Jones Industrial Average (DJIA) and S&P 500, Russell's indices eschew committee selection in favor of a more objective, rules-based system for selecting index membership.

The broad-based Russell 3000, which is meant to cover the stock market as a whole, is simply the 3,000 companies with the largest market cap in the United States. The Russell 2000 is then just the bottom 2,000 companies of that index, offering a look at those small-cap companies with smaller market caps. It makes for an unbiased overview of the small-cap stocks that can help any investor get a better sense of what the market is doing and where it might be headed.

For more news on the financial markets, go to Equities.com. Also, learn more about our Small-Cap Stars. Register to become a member and leverage our proprietary research tools such as the Small-Cap Stars, and robust do-it-yourself Equities Valuation Analysis (E.V.A.) research reports.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.


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Source: Equities.com


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