Maxim Group reiterated their hold rating on shares of Galena Biopharma, Inc. (NASDAQ:GALE) in a research report sent to investors on Wednesday.

A number of other brokerages have also commented on GALE. ValuEngine lowered shares of Galena Biopharma from a sell rating to a strong sell rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Galena Biopharma from a buy rating to a hold rating in a report on Tuesday, May 16th.

Galena Biopharma (NASDAQ GALE) traded down 5.7119% during trading on Wednesday, reaching $0.3384. The company had a trading volume of 792,563 shares. Galena Biopharma has a 52-week low of $0.16 and a 52-week high of $4.75. The company’s market capitalization is $12.67 million. The stock has a 50 day moving average price of $0.55 and a 200-day moving average price of $0.67.

Galena Biopharma (NASDAQ:GALE) last issued its quarterly earnings data on Wednesday, May 10th. The biotechnology company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.13. During the same quarter last year, the business posted ($0.07) earnings per share. On average, equities research analysts anticipate that Galena Biopharma will post ($0.56) earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC increased its stake in Galena Biopharma by 677.4% in the second quarter. Virtu KCG Holdings LLC now owns 224,050 shares of the biotechnology company’s stock valued at $130,000 after buying an additional 195,230 shares during the last quarter. Vanguard Group Inc. increased its stake in Galena Biopharma by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,332,434 shares of the biotechnology company’s stock valued at $774,000 after buying an additional 13,302 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Galena Biopharma during the first quarter valued at $976,000. 21.99% of the stock is owned by institutional investors.

Galena Biopharma Company Profile

Galena Biopharma, Inc is a biopharmaceutical company. The Company focuses on developing and commercializing targeted oncology therapeutics that address unmet medical needs. The Company’s development portfolio ranges from mid- to late-stage clinical assets, including cancer immunotherapy program led by NeuVax (nelipepimut-S), GALE-301 and GALE-302.

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