AVI BioPharma Stock Gaps Down On Today's Open (AVII)

NEW YORK ( TheStreet) -- Shares of AVI BioPharma (Nasdaq: AVII) were gapping down Friday morning with an open price 16.2% lower than Thursday's closing price. The stock closed at $1.05 Thursday and opened today's trading at 88 cents.

The average volume for AVI BioPharma has been 1.2 million shares per day over the past 30 days. AVI BioPharma has a market cap of $147.9 million and is part of the health care sector and drugs industry. Shares are down 50.5% year to date as of the close of trading on Thursday.

AVI BioPharma, Inc., a biopharmaceutical company, focuses on the discovery and development of RNA-based therapeutics for the treatment of rare and infectious diseases.

TheStreet Ratings rates AVI BioPharma as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full AVI BioPharma Ratings Report.

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