MannKind Corporation (MNKD) : During the past 4 weeks, traders have been relatively bearish on MannKind Corporation (MNKD), hence the stock is down -25.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.78% relative to the S&P 500. The 4-week change in the price of the stock is -20.15% and the stock has fallen -1.18% in the past 1 week.
MannKind Corporation (NASDAQ:MNKD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.98 and $0.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.00, notching a gain of 0.98% for the day. The total traded volume was 1,228,313 . The stock had closed at $0.99 on the previous day.
The stock has recorded a 20-day Moving Average of 10.21% and the 50-Day Moving Average is 4.04%. MannKind Corp. has dropped 38.01% during the last 3-month period . Year-to-Date the stock performance stands at -31.17%.
MannKind Corporation (MannKind) is a biopharmaceutical company focused on the discovery and development of therapeutic products for diseases, such as diabetes. The Companys product candidate is AFREZZA, inhaled insulin used to control high blood sugar in adults with type one and type two diabetes and also to improve glycemic control. AFREZZA consists of a dry formulation of human insulin delivered from a small and portable inhaler. AFREZZA utilizes its Technosphere formulation technology. The Companys Technosphere powders are -based on the Companys fumaryl diketopiperazine (FDKP), which is a potential of Hydrogen (pH)-sensitive organic molecule that self-assembles into small particles under acidic conditions. The Company has also created breath-powered, dry powder inhalers. Its inhalers can be produced in both a reusable (chronic treatment) and a single-use (acute treatment) format. The Company manufactures AFREZZA in its Danbury, Connecticut facility.