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Shares of Cell Therapeutics (NASDAQ:CTIC) hit a new 52-week high during trading hours on Friday, Stock Ratings Network.com reports. The company traded as high as $2.21 and last traded at $2.17, with a volume of 6,365,695 shares trading hands. The stock had previously closed at $1.99.

CTIC has been the subject of a number of recent research reports. Analysts at HC Wainwright initiated coverage on shares of Cell Therapeutics in a research note to investors on Monday, November 4th. They set a “buy” rating and a $4.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Cell Therapeutics in a research note to investors on Tuesday, October 29th. They set a “buy” rating on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Cell Therapeutics in a research note to investors on Monday, October 7th.

Cell Therapeutics has a one year low of $0.97 and a one year high of $2.17. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $1.47. The company’s market cap is $244.2 million.

Cell Therapeutics, Inc develops, acquires and commercializes treatments for cancer. It focuses on building a biopharmaceutical company with a diversified portfolio of oncology drugs.

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