Eye Catching Stock News: PTC Therapeutics (NASDAQ:PTCT)

PTC Therapeutics (NASDAQ:PTCT)  stock identified change of 61.66% away from 52-week low price and recently located move of -16.88% off 52-week high price. It has market worth of $3.03BM. PTCT stock has been recorded 2.27% away from 50 day moving average and 9.68% away from 200 day moving average. Moving closer, we can see that shares have been trading 14.34% off 20-day moving average.

On April 17, 2020, PTC Therapeutics (NASDAQ:PTCT) notified the appointments of Matthew Klein, M.D., to Chief Development Officer and Eric Pauwels to Chief Business Officer. Dr. Klein will be responsible for the development of our clinical stage programs. As the Chief Business Officer, Mr. Pauwels will be responsible for our customer facing activities with health care providers, patients and payers ensuring that our therapies are available and accessible to rare disease patients and their families worldwide.

I am very pleased to announce these well-deserved appointments to PTC’s Executive Committee, said Stuart Peltz, Ph.D., Chief Executive Officer, PTC Therapeutics Matt and Eric are both recognized industry leaders with demonstrated track records of success. In their new roles, they will continue to advance our development pipeline, fuel our company’s growth and deliver on our mission to develop and provide transformative therapies for patients living with rare disorders.

Dr. Klein joined PTC last year as Global Head of Gene & Mitochondrial Therapies after serving as Chief Executive Officer and Chief Medical Officer of BioElectron Technology Corporation, certain assets of which were acquired by PTC in 2019. Prior to leading BioElectron, Dr. Klein was the Auth-Washington Research Chair of Restorative Burn Surgery at the University of Washington. Dr. Klein holds a Bachelor of Arts in History, and graduated summa cum laude and phi beta kappa from the University of Pennsylvania in Philadelphia, Pennsylvania and a Doctor of Medicine from Yale University School of Medicine in New Haven, Connecticut.

The Healthcare sector company, PTC Therapeutics noticed change of 4.82% to $49.78 along volume of 953191 shares in recent session compared to an average volume of 973.03K. The stock observed return of 9.58% in 5 days trading activity. The stock was at 34.47% over one month performance. PTCT’s shares are at -5.13% for the quarter and driving a 40.54% return over the course of the past year and is now at 3.64% since this point in 2018.

The average volatility for the week at 4.85% and for month was at 8.22%. There are 60.87M shares outstanding and 60.65M shares are floated in market. Right now the stock beta is 1.54.

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