Cyclacel Pharmaceuticals (CYCC) Trading 7.5% Higher
Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) shares traded up 7.5% on Friday . The company traded as high as $0.90 and last traded at $0.86. 1,753,743 shares changed hands during trading, an increase of 258% from the average session volume of 489,758 shares. The stock had previously closed at $0.80.
A number of research analysts recently weighed in on the company. ValuEngine lowered Cyclacel Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Zacks Investment Research lowered Cyclacel Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.63.
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About Cyclacel Pharmaceuticals (NASDAQ:CYCC)
Cyclacel Pharmaceuticals, Inc, a biopharmaceutical company, develops medicines for the treatment of cancer and other proliferative diseases. The company's oncology development programs include sapacitabine, a novel orally-available nucleoside analog that is in Phase III clinical trial for the front-line treatment of acute myeloid leukemia; and Phase II clinical trial for the treatment of myelodysplastic syndromes.
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