BIOLASE, Inc. (NASDAQ:BIOL) and Galena Biopharma, Inc. (NASDAQ:GALE) See Unusual Volume Mid-Session

BIOLASE, Inc. (NASDAQ:BIOL) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $0.64.  The day’s total volume of 598054 this morning is in contrast from the three-month daily average of 62.46K.  When we divide the current volume by the three-month average volume, we get a relative volume of 11.25.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

BIOLASE, Inc. (NASDAQ:BIOL)‘s market cap, the total dollar value of all of their outstanding shares, is 59.21m.  Including today’s unusual volume, BIOLASE, Inc.‘s stock is performing at -41.43% on the year.  For the week, the stock is performing -2.50%.  Over the past month the firm’s stock is -8.89%, -33.87% for the last quarter, -47.10% for the past six-months and -35.43% for the last year.

Current levels places BIOLASE, Inc. (NASDAQ:BIOL)’s stock about -46.66% from the 50-day high and -18.97% away from the 50-day low.  

Investors are on alert as Galena Biopharma, Inc. (NASDAQ:GALE)’s stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $0.40.  The day’s total volume of 4067224 this morning is in contrast from the three-month daily average of 527.10K. 

Looking Back

Galena Biopharma, Inc. (NASDAQ:GALE)‘s market cap, the total dollar value of all of their outstanding shares, is 20.54m.  Including today’s unusual volume, Galena Biopharma, Inc.‘s stock is performing at -71.23% on the year.  For the week, the stock is performing -3.07%.  Over the past month the firm’s stock is 1.03%, -6.25% for the last quarter, -60.41% for the past six-months and -94.19% for the last year.

Current levels places Galena Biopharma, Inc. (NASDAQ:GALE)’s stock about -38.08% from the 50-day high and -27.16% away from the 50-day low.  

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