Pre-Market Review: Celgene Corp., Forest Laboratories Inc., Peregrine Pharma Inc., and Edwards Lifesciences Corp.
LONDON, October 9, 2013 /PRNewswire/ --
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The U.S. equity market slipped on Tuesday, October 8, 2013. The Dow Jones Industrial Average closed at 14,776.53, down 1.07%; the S&P 500 closed at 1,655.45, down 1.23%; and the NASDAQ Composite finished at 3,694.83, down 2.00%. The healthcare sector ended on a lower note, as the broader market posted losses. The major movers in the sector included Celgene Corporation (NASDAQ: CELG), Forest Laboratories Inc. (NYSE: FRX), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), and Edwards Lifesciences Corporation (NYSE: EW).
AAAResearchReports.com initiated preliminary technical research on CELG, FRX, PPHM, and EW. These free reports are accessible by signing today at:
Celgene Corp.'s stock plummeted on Tuesday, as the broader market posted losses. The company's shares closed the day at $148.53, down 3.47%, after oscillating between $148.24 and $155.24. A total of 3.86 million shares were traded, which is above the daily average volume of 2.61 million. Despite Tuesday's decline, the company's shares have gained 21.81% in the previous three months and 1.06% in the last one month, compared to a gain of 0.91% and 0.02% in the S&P 500 during the respective periods. Furthermore, Celgene Corp.'s stock is trading above its 50-day and 200-day moving averages of $145.08 and $120.60, respectively. The free technical analysis on CELG is available by signing up at:
Shares in Forest Laboratories Inc. edged lower on Tuesday, extending the losses from the previous trading session. The company's shares fluctuated between $42.58 and $43.02 before finishing the day 0.51% lower at $42.65. A total of 1.98 million shares were traded, which is above the daily average volume of 1.15 million. The company's shares have lost 0.58% in the previous three trading sessions, compared to a loss of 1.38% in the S&P 500 during the same period. Moreover, Forest Laboratories Inc.'s stock is trading above its 200-day moving average of $39.64. Register now to download free research on FRX at:
On Tuesday, Peregrine Pharmaceuticals Inc.'s stock plummeted 4.14%, tracking losses in the broader market. The company's shares ended the day at $1.39 after fluctuating between $1.37 and $1.47 during the trading session. A total of 1.74 million shares were traded, which is above the daily average volume of 1.16 million. The company's shares have declined 4.14% in the previous one month, underperforming the S&P 500 which has gained 0.02% during the same period. Further, Peregrine Pharmaceuticals Inc.'s stock is also trading below its 50-day and 200-day moving averages of $1.41 and $1.53, respectively. A free report on PPHM can be accessed by registering at:
Shares in Edwards Lifesciences Corp. declined on Tuesday and finished 0.26% lower than the previous day's closing price of $72.58. The company's shares closed the day at $72.39 after oscillating between $72.38 and $73.00 during the trading session. A total of 1.24 million shares were traded, which is above the daily average volume of 1.22 million. Edwards Lifesciences Corp.'s shares have gained 8.35% in the previous three months and 1.29% in the last one month, outperforming the S&P 500 which has gained 0.91% and 0.02% during the respective periods. Additionally, the company's stock is trading above its 50-day moving average of $71.35. Register with AAA Research Reports and download research on EW for free at:
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