VRNM: Bearish Stock Indicators are Observed

September 29, 2011
Verenium Corporation (Public, NASDAQ:VRNM) stock price continues to go down.
In the previous trading session, the stock began to show signs of decline. The last day didn’t bring any recovery either – trading between $2.55 and $2.68, the stock ended the session with a 3.01% loss, at $2.58. The 50-day moving average set $0.07 above the stock price. The last close price is 44.8% below the 52 week high.
Since September 22 (5 sessions ago), the stock has plunged 11.03%.
The company market capitalization stands at $32.54M with 12.6M outstanding shares.
By Caroline Stevens

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