CASI - CASI Pharmaceuticals Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of CASI Pharmaceuticals Inc. (NASDAQ:CASI) traded today at $8.89, eclipsing its 52-week high. This new high was reached on above average trading volume as 62.7 million shares traded hands, while the average 30-day volume is approximately 431,000 shares.

In the past 52 weeks, CASI Pharmaceuticals Inc. share prices are bracketed by a low of $0.56 and a high of $8.89 and is now at $0.70, 24% above that low price.

Potential upside of 0.3% exists for CASI Pharmaceuticals Inc., based on a current level of $0.70 and analysts' average consensus price target of $0.70.

CASI Pharmaceuticals Inc is a biopharmaceutical company that focuses on commercializing innovative therapeutics and pharmaceutical products. The products include injections for patients who are suffering from leukemias and lymphomas. The EVOMELA injection is used as a conditioning treatment before autologous stem cell transplant for patients with multiple myeloma. The company products include CID-103, CNCT19, EVOMELA, MARQIBO, ZEVALIN, ENMD-2076 and others. The majority of the revenue is generated from the product sales of EVOMELA. The company primarily operates in the United States, Canada, China and other parts of the world.

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