Dendreon Stock Falls On Unusually High Volume (DNDN)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Monday with 35.6 million shares changing hands. It is currently at four times its average daily volume and trading down $3.02 (-20.3%) at $11.84 as of 3:30 p.m. ET.
Dendreon has a market cap of $2.08 billion and is part of the
sector and
industry. Shares are up 95.5% year to date as of the close of trading on Friday.
Dendreon Corporation, a biotechnology company, engages in the discovery, development, and commercialization of therapeutics to enhance cancer treatment options for patients. The company offers active cellular immunotherapy and small molecule product candidates to treat various cancers.
TheStreet Ratings rates Dendreon as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full
.
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