The trading price of Bluebird bio Inc (NASDAQ:BLUE) closed higher on Tuesday, July 16, closing at $1.35, 2.27% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.53 and a 52-week low of $0.85. Over the past month, the stock has gained 35.00% in value.
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Bluebird bio Inc, whose market valuation is $260.20 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BLUE has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that BLUE’s price is currently 36.61% off the SMA20 and 37.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.32, and weekly volatility stands at 10.00%. When measured over the past 30 days, the indicator reaches 8.48%. Bluebird bio Inc (NASDAQ:BLUE)’s beta value is currently sitting at 0.87, while the Average True Range indicator is currently displaying 0.09.
To see how Bluebird bio Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BLUE stock’s performance was 2.27% in the latest trading, and -55.45% in the past year.
An evaluation of the daily trading volume of Bluebird bio Inc (NASDAQ:BLUE) indicates that the 3-month average is 6.40 million.
Currently, records show that 192.74 million of the company’s shares remain outstanding. The insiders hold 1.51% of outstanding shares, whereas institutions hold 54.77%. However, since the stock’s price has seen -2.17% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
