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Corbus Pharmaceuticals Holdings Inc. Shares Making Robust Come-back

Corbus Pharmaceuticals Holdings Inc. shares progressed 3.65% to $1.42 Monday. This proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.06% to 14,681.07 and the Dow Jones Industrial Average DJIA falling 0.28% to 34,838.16.

 Corbus Pharmaceuticals Holdings Inc. closed $8.36 below its 52-week high ($9.78), which the company achieved on August 31st. The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fate Therapeutics Inc. FATE rose 2.75% to $85.08, Vanda Pharmaceuticals Inc. VNDA rose 3.68% to $16.91, and Viking Therapeutics Inc. VKTX fell 1.46% to $6.06.

Corbus Pharmaceuticals Holdings Inc trading volume (681,774) remained 2.1 million below its 50-day average volume of 2.8 M.The stock’s rise snapped a two-day losing streak. The company’s stock has fallen -3.58% while the S&P 500 is lower by -0.42% as of 12:45 PM on Friday, Jul 30. CRBP is lower by -$0.05 from the previous closing price of $1.40 on the volume of 971,419 shares. Over the past year, the S&P 500 is higher by 35.56% while CRBP is lower by -79.76%. CRBP lost -$1.18 per share in the last 12 months.

The Pharmaceuticals is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

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