Glaukos Corporation (GKOS) Breaks into New 52-Week High on March 02 Session
Shares of Glaukos Corporation (GKOS) broke into a new 52-week high yesterday, hitting a peak of $99.00.
Shares closed at $96.08 after opening at $97.30 for a move of -1.38%. The company now has a market cap of $4.32 billion.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.
For Glaukos Corporation, the new 52-week high came on volume of 303,190. The stock has a float of 44.96 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of Glaukos Corporation, check out Equities.com’s Stock Valuation Analysis report
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Glaukos Corp is an ophthalmic medical technology company focused on the development and commercialization of breakthrough products and procedures designed to transform the treatment of glaucoma. It offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma. Its product pipeline also consists of an iStent SA trabecular micro-bypass system, a two-stent product that is slightly wider than the iStent Inject and uses a different auto-injection inserter designed for use in a standalone procedure.
Glaukos Corporation is based out of San Clemente, CA and has some 600 employees. Its CEO is Thomas W. Burns.
Glaukos Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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