Stock of the Day: CombiMatrix Corp’s Trend Down, Especially After Today’s Weak Session

Stock of the Day: CombiMatrix Corp's Trend Down, Especially After Today's Weak Session

The stock of CombiMatrix Corp (NASDAQ:CBMX) is a huge mover today! About 254,659 shares traded hands or 156.65% up from the average. CombiMatrix Corp (NASDAQ:CBMX) has declined 18.08% since April 18, 2016 and is downtrending. It has underperformed by 22.51% the S&P500.
The move comes after 9 months negative chart setup for the $8.28 million company. It was reported on Nov, 18 by Barchart.com. We have $2.41 PT which if reached, will make NASDAQ:CBMX worth $828,000 less.

According to Zacks Investment Research, “CombiMatrix Corporation is a diversified biotechnology business that develops proprietary technologies, including products and services in potential markets where their products and services can be utilized. The Company’s products and services are specially utilized in the areas of drug development, genetic analysis, molecular diagnostics, nanotechnology and defense and homeland security markets. The technologies they have developed include a platform technology to rapidly produce user-defined, in-situ synthesized, oligonucleotide arrays for use in identifying and determining the roles of genes, gene mutations and proteins. This technology has a wide range of potential applications in the areas of genomics, proteomics, biosensors, drug discovery, drug development, diagnostics, combinatorial chemistry, material sciences and nanotechnology. Other technologies include proprietary molecular synthesis and screening methods for the discovery of potential new drugs.”

More important recent CombiMatrix Corp (NASDAQ:CBMX) news were published by: Marketwatch.com which released: “CombiMatrix’s stock soars 21% premarket after distribution agreement announced” on February 24, 2011, also Quotes.Wsj.com published article titled: “CombiMatrix Corp. CBMX (US: Nasdaq)”, Reuters.com published: “BRIEF-Combimatrix Corp reports Q3 loss per share $0.38” on November 11, 2013. More interesting news about CombiMatrix Corp (NASDAQ:CBMX) was released by: Streetinsider.com and their article: “Form 8-K CombiMatrix Corp For: Nov 02” with publication date: November 02, 2016.

CBMX Company Profile

CombiMatrix Corporation, incorporated on July 11, 2000, is a well-known provider of molecular diagnostic solutions. The Firm specializes in pre-implantation genetic screening, miscarriage analysis, prenatal diagnosis and pediatric developmental disorders, offering deoxyribonucleic acid (DNA) testing for the detection of genetic abnormalities, which cannot be identified through traditional methodologies. The Firm performs genetic testing utilizing a range of cytogenomic techniques, including chromosomal microarray analysis (CMA), fluorescence in situ hybridization (FISH) and karyotyping. The Firm also holds interests in Leuchemix, Inc., which is a drug development firm focused on developing a series of compounds to address a number of oncology-related diseases. The Firm develops and markets its molecular testing services in approximately four markets, such as in vitro fertilization (IVF), miscarriage analysis (also referred to as products of conception analysis (POC)), prenatal genetics and postnatal developmental disorders.

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