Galena Biopharma (GALE) Shares Up 14.3%

Shares of Galena Biopharma, Inc. (NASDAQ:GALE) shot up 14.3% during trading on Thursday . The stock traded as high as $0.32 and last traded at $0.32. 1,552,260 shares were traded during trading, an increase of 45% from the average session volume of 1,069,747 shares. The stock had previously closed at $0.28.

A number of institutional investors and hedge funds have recently bought and sold shares of GALE. Renaissance Technologies LLC purchased a new stake in Galena Biopharma during the 1st quarter valued at approximately $976,000. Vaughan David Investments Inc. IL raised its stake in Galena Biopharma by 6,545.7% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 864,076 shares of the biotechnology company’s stock valued at $20,893,000 after acquiring an additional 851,074 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in Galena Biopharma by 677.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 224,050 shares of the biotechnology company’s stock valued at $130,000 after acquiring an additional 195,230 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Galena Biopharma by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,332,434 shares of the biotechnology company’s stock valued at $774,000 after acquiring an additional 13,302 shares during the last quarter. 19.00% of the stock is owned by hedge funds and other institutional investors.

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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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