Shares of Sequenom Inc. (SQNM) surged more than 5% to hit a new 52-week high of $4.37 on Monday on higher-than-average volume. More than 4 million shares of the stock have changed hands, compared to the daily average volume of 1.1 million.
Sequenom’s shares have advanced 6.42% in the last 4 weeks and 5.57% in the past three months. Over the past 5 trading sessions the stock has gained 1.27%. Sequenom Inc. has returned about 69.92% in the last one-year period with a year-to-date return of about 13%. The S&P 500 index jumped 15.52% and 1.88%, respectively, during the same period.
The San Diego, California-based life sciences company, which is currently valued at $497 million, has a median Wall Street price target of $5.00 with a high target of $7.00.