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Pre-Market Review: Celgene Corp., Forest Laboratories Inc., Peregrine Pharma Inc., and Edwards Lifesciences Corp.

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LONDON, October 31, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

On Wednesday, October 30, 2013, all three benchmark indexes of the US equity market declined, with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite falling by 0.39%, 0.49%, and 0.55%, respectively. Shares in the healthcare sector ended on a negative note, tracking losses in the broader market. 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:

http://www.aaaresearchreports.com/register/  

Celgene Corp.'s stock plummeted on Wednesday, tracking losses in the broader market. The company's shares closed the day at $151.32, down 2.57%, after oscillating between $150.31 and $157.00 during the trading session. A total of 3.25 million shares were traded, which is above the daily average volume of 2.57 million. The company's shares have advanced 4.09% in the previous three months, compared to a gain of 4.59% in the S&P 500 during the same period. Further, Celgene Corp.'s stock is trading above its 50-day and 200-day averages of $149.76 and $126.29, respectively. The free technical analysis on CELG is available by signing up at:

http://www.AAAResearchReports.com/CELG103113.pdf

On Wednesday, Forest Laboratories Inc.'s stock ended the session 0.89% lower than the previous day's price of $47.23. The company's shares oscillated between $46.51 and $47.29 before closing the day at $46.81. A total of 1.61 million shares were traded, which is above the daily average volume of 1.31 million. Despite Wednesday's pullback, the company's shares have gained 6.95% in the previous three months and 9.39% in the last one month, outperforming the S&P 500, which has gained 4.59% and 4.86% during the respective periods. Additionally, Forest Laboratories Inc.'s stock is trading above its 50-day and 200-day moving averages of $43.83 and $40.33, respectively. Register now to download free research on FRX at:

http://www.AAAResearchReports.com/FRX103113.pdf  

Shares in Peregrine Pharmaceuticals Inc. declined on Wednesday, as the U.S. equity market posted losses. The company's shares closed the day 2.27% lower at $1.29 after trading between $1.29 and $1.33 during the trading session. A total of 1.98 million shares were traded, which is above the daily average volume of 1.09 million. The company's shares have fallen by 6.86% in the previous three trading sessions, compared to a gain of 0.20% in the S&P 500 during the same period. Moreover, Peregrine Pharmaceuticals Inc.'s stock is trading below its 50-day and 200-day moving averages of $1.40 and $1.51, respectively. A free report on PPHM can be accessed by registering at:

http://www.AAAResearchReports.com/PPHM103113.pdf

On Wednesday, Edwards Lifesciences Corp.'s stock plummeted 5.11%, tracking losses in the broader market. The company's shares ended the day at $66.29 after fluctuating between $65.73 and $67.40 during the trading session. A total of 5.19 million shares were traded, which is significantly above the daily average volume of 1.25 million. The company's shares have declined 4.80% in the previous one month, underperforming the S&P 500, which has gained 4.86% during the same period. Furthermore, Edwards Lifesciences Corp.'s stock is trading below its 50-day and 200-day moving averages of $72.47 and $75.24, respectively. Register with AAA Research Reports and download research on EW for free at:

http://www.AAAResearchReports.com/EW103113.pdf

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
  5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AAAResearchReports.com/

SOURCE AAA Research Reports



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