Senomyx (SNMX) : Traders are bullish on Senomyx (SNMX) as it has outperformed the S&P 500 by a wide margin of 67.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10% in the last 1 week, and is up 68.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Senomyx Inc. is up 86.61% in the last 3-month period. Year-to-Date the stock performance stands at 10.88%. The stock has recorded a 20-day Moving Average of 24.76% and the 50-Day Moving Average is 37.6%.
Senomyx (NASDAQ:SNMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.08 and $4.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.18, notching a gain of 2.70% for the day. The total traded volume was 168,291 . The stock had closed at $4.07 on the previous day.
Senomyx, Inc. is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries to improve the nutritional profile of their products and generate cost of goods savings while maintaining or improving taste. The Company is engaged in the discovery, development and/or commercialization of flavor ingredients through five programs focused on sweet, savory, bitter, cooling and salt taste areas. It has developed taste receptor-based assays for use in its screening systems and to screen its compound libraries and identify potential flavor ingredients. It has identified S2383, a modifier of the sweetener sucralose; S6973 and S9632, two modifiers of sucrose, or common table sugar, and S617, a modifier of sucrose and high fructose corn syrup. It has also identified several sample classes of new cooling agents that demonstrate a taste proof-of-concept and display cooling properties.