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TheStreet Wire

Infinity Stock Gaps Down On Today's Open (INFI)

By TheStreet Wire 01/27/12 - 08:55 AM EST

Find out if (INFI) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Infinity Pharmaceuticals (Nasdaq:INFI) were gapping down Friday morning with an open price 38.8% lower than Thursday's closing price. The stock closed at $9.95 Thursday and opened today's trading at $6.09.

The average volume for Infinity has been 62,100 shares per day over the past 30 days. Infinity has a market cap of $264.9 million and is part of the health care sector and drugs industry. Shares are up 12.6% year to date as of the close of trading on Thursday.

Infinity Pharmaceuticals, Inc. engages in the discovery and development of medicines for difficult-to-treat diseases. Its lead product candidate includes IPI-926, an oral molecule with the potential to treat a range of cancers by disrupting malignant activation of the Hedgehog pathway.

TheStreet Ratings rates Infinity as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full Infinity Ratings Report.

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