Stocks to Watch: Titan Pharmaceuticals Inc. (TTNP) Soars 74.6%

Titan Pharmaceuticals Inc. (TTNP) had a good day on the market for Friday October 04 as shares jumped 74.6% to close at $0.44. About 8.45 million shares traded hands on 11,861 trades for the day, compared with an average daily volume of n/a shares out of a total float of 15.74 million. After opening the trading day at $0.27, shares of Titan Pharmaceuticals Inc. stayed within a range of $0.59 to $0.27.

With today’s gains, Titan Pharmaceuticals Inc. now has a market cap of $6.93 million. Shares of Titan Pharmaceuticals Inc. have been trading within a range of $3.78 and $0.24 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Titan Pharmaceuticals Inc is a specialty pharmaceutical company. It is engaged in the development of pharmaceutical products. Its product pipeline consists of Probuphine for Opioid addiction, Ropinirole for Parkinson’s disease, Triiodothyronine (T3) for hypothyroidism. It generates revenue principally from collaborative research and development arrangements, technology licenses, and government grants.

Titan Pharmaceuticals Inc. is based out of South San Francisco, CA and has some 23 employees. Its CEO is Sunil Bhonsle.

Titan Pharmaceuticals Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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