Cubist Pharmaceuticals resolving the coil

by Josh Cubist Pharmaceuticals Inc. ($CBST) hit a new 52 week high today. CBST is at $56.93, and has traded in a range from $38.53 to $56.68 over the past 52 weeks. Volume was last at 1,381,150 shares with a 50 day average of 1,075,613.

Shares have been coiling since May and appear to be resolving that coil to the upside today. Shares traded down the to 50 day moving average yesterday and are powering higher after earnings were released yesterday after the close.

52 Week Range $38.53-$56.68 Market Cap 3,702,418,995 Average Volume 1,075,613 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 1.20% Percentage of Float Short 13.30% Beta 0.59

Cubist Pharmaceuticals Inc. is currently trading above both the 50 day moving average and the 200 day moving average.

Cubist Pharmaceuticals Inc. Cubist Pharmaceuticals, Inc. is engaged in the research, development & commercialization of novel therapies to treat unmet medical needs in acute care environment.

Articles