In trading on Wednesday, shares of PDL BioPharma Inc (PDLI - Get Report) crossed below their 200 day moving average of $8.22, changing hands as low as $7.87 per share. PDL BioPharma Inc shares are currently trading off about 5.7% on the day. The chart below shows the one year performance of PDLI shares, versus its 200 day moving average:Looking at the chart above, PDLI's low point in its 52 week range is $6.76 per share, with $10.205 as the 52 week high point — that compares with a last trade of $7.92. According to the ETF Finder at ETF Channel, PDLI makes up 2.16% of the SuperDividend U.S. ETF ( DIV) which is trading lower by about 1% on the day Wednesday.
More from Stocks
The Case for a Rate Cut: Cramer's 'Mad Money' Recap (Thursday 8/22/19)
Jim Cramer asks: If the consumer is so strong, what the heck is the case for a rate cut? He's got all the reasons for the Fed to take preemptive action.
Salesforce Execs Discuss M&A Vision, Merging 'Organic and Inorganic' Growth
Revenue growth from Salesforce's organic development and from acquisitions can work in harmony together, executives said on the company's latest earnings call.
Carbon Black Led Security Stocks Thursday Ahead of Acquisition Announcement
Losers topped gainers in the security software industry Thursday.