Saturday 25 Oct 2014

Sangamo BioSciences Inc. (NASDAQ:SGMO) down by 6.76%, Taminco Corp. (NYSE:TAM)

Sangamo BioSciences Inc. (NASDAQ:SGMO) closed down by 6.76% to $7.86 down by $0.57. The intraday range of the stock was $7.83 and $8.35 and about 1.04 million shares exchanged hands in the previous trading session. The average true range of the stock is $0.63. In the previous 52 weeks the stock has achieved a high of $11.24 and hit a low of $4.04. At the current price level the stock is about 30.12% below its 52-week high and 94.41% above its 52-week low. The stock is about 14.87% below its SMA for a period of 20 days; 16.47% below its SMA for a period of 50 days and 7.37% above its SMA for a period of 200 days. The 200 days SMA is trading below the 50 days SMA, a positive trend for the stock. The performance of the stock over a period of three months has been a negative of 1.52%, while the performance of the stock over the past month has also been negative of 11.45% and performance over the past 5 trading session was negative 3.77%.

The company today announced the successful application of its proprietary In Vivo Protein Replacement Platform to produce therapeutically relevant levels of Factor VIII in a mouse model.

Sangamo has partnered with Shire PLC (ADR) (NASDAQ:SHPG) in order to develop ZFP Therapeutics for both hemophilia A and B using this approach.

Taminco Corp. (NYSE:TAM) closed down by 4.30% to $17.58 down by $0.79. The intraday range of the stock was $17.50 and $18.50 and about 0.138 million shares exchanged hands in the previous trading session. The average true range of the stock is $0.66. In the previous 52 weeks the stock has achieved a high of $18.93 and hit a low of $13.75. At the current price level the stock is about 6.44% below its 52-week high and 28.80% above its 52-week low. The stock is about 13.08% above its SMA for a period of 20 days; 13.73% above its SMA for a period of 50 days and 13.73% above its SMA for a period of 200 days. The performance of the stock over the past month has also been positive of 26.25% and performance over the past 5 trading session was positive 18.82%.

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