Pre-Market Review: MannKind Corp., Galena Biopharma Inc., Ariad Pharmaceuticals Inc., and Novavax Inc.
LONDON, October 10, 2013 /PRNewswire/ --
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The U.S. equity market closed on a mixed note on Wednesday, October 9, 2013; with the S&P 500 and the Dow Jones Industrial Average posting marginal gains, while the NASDAQ Composite ended lower. Shares in the biotechnology industry ended mostly lower, even as the broader market finished on a mixed note. MannKind Corporation (NASDAQ: MNKD), Galena Biopharma Inc. (NASDAQ: GALE), Ariad Pharmaceuticals Inc. (NASDAQ: ARIA), and Novavax Inc. (NASDAQ: NVAX), were amongst the major movers in the industry. AAAResearchReports.com initiated preliminary technical research on MNKD, GALE, ARIA, and NVAX. These free reports are accessible by signing today at:
MannKind Corp.'s stock posted gains on Wednesday, reversing some of the losses from the previous trading session. The company's shares vacillated between $4.37 and $4.78 before ending the day 1.28% higher at $4.74. A total of 8.47 million shares were traded, which is above the daily average volume of 7.24 million. The company's shares have lost 11.90% in the previous three trading sessions, underperforming the S&P 500 which has lost 2.02% during the same period. Moreover, MannKind Corp.'s stock is trading below its 50-day and 200-day moving averages of $6.27 and $4.89, respectively. The free technical analysis on MNKD is available by signing up at:
Shares in Galena Biopharma Inc. fell by 2.82% on Wednesday, even as the U.S. equity market finished on a mixed note. The company's shares closed the day at $2.07, after oscillating between $2.01 and $2.17. A total of 3.40 million shares were traded, which is above the daily average volume of 2.61 million. The company's shares have declined 1.43% in the previous three months, underperforming the S&P 500 which has advanced 0.25% during the same period. Additionally, Galena Biopharma Inc.'s stock is trading below its 50-day and 200-day moving averages of $2.12 and $2.08, respectively. Register now to download free research on GALE at:
Ariad Pharmaceuticals Inc.'s stock heavily plummeted on Wednesday, extending its losses from the previous trading session. The company's shares closed the day at $5.83, down 65.99%, after oscillating between $4.00 and $6.10. A total of 114.86 million shares were traded, which is significantly above the daily average volume of 2.82 million. The company's shares have lost 68.99% in the previous three trading sessions, compared to a loss of 2.02% in the S&P 500 during the same period. Furthermore, Ariad Pharmaceuticals Inc.'s stock is trading significantly below its 50-day and 200-day moving averages of $19.25 and $19.12, respectively. A free report on ARIA can be accessed by registering at:
Shares in Novavax Inc. also plummeted on Wednesday, ending the session 7.52% lower than the previous day's price of $3.06. The company's shares oscillated between $2.80 and $3.07 before closing the day at $2.83. A total of 5.07 million shares were traded, which is significantly above the daily average volume of 2.89 million. Despite Wednesday's losses, the company's shares have gained 10.98% in the previous three months, outperforming the S&P 500 which has gained 0.25% during the same period. Additionally, Novavax Inc.'s stock is trading above its 200-day moving average of $2.33. Register with AAA Research Reports and download research on NVAX for free at:
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SOURCE AAA Research Reports
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