NEW YORK ( TheStreet) -- Nektar Therapeutics (Nasdaq: NKTR) hit a new 52-week low Wednesday as it is currently trading at $4.28, below its previous 52-week low of $4.30 with 372,504 shares traded as of 12:16 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Nektar has a market cap of $533.2 million and is part of the health care sector and drugs industry. Shares are down 64.7% year to date as of the close of trading on Tuesday. Nektar Therapeutics, a clinical-stage biopharmaceutical company, engages in developing a pipeline of drug candidates that utilize its PEGylation and polymer conjugate technology platforms.
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