Waltham, Massachusetts headquartered PAREXEL International Corp.'s stock finished Wednesday's session 0.62% lower at $71.00 with a total trading volume of 712,980 shares. The Company's shares have advanced 8.43% in the past month, 7.04% over the previous three months, and 8.03% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.27% and 10.41%, respectively. Furthermore, shares of PAREXEL International, which provides clinical research, clinical logistics, medical communications, consulting, commercialization, and advanced technology products and services for pharmaceutical, biotechnology, and medical device industries worldwide, have a Relative Strength Index (RSI) of 80.01.
As per a SEC filing dated January 09th, 2017, the Chairman and CEO and the Corporate Vice President and Interim CFO of PAREXEL International approved a plan to restructure the Company's operations on January 6th, 2017, to improve its productivity and efficiency, simplify the organization, and streamline decision-making. The Company expects to record a pre-tax charge in Q3 FY17 in the range of $20 million to $27 million, with the remainder of the charges to be incurred by the end of FY18. These actions are expected to result in pre-tax charges in the range of $25 million to $35 million, all of which are anticipated to be cash expenditures. The Company anticipates completing restructuring activities by the end of FY18, and expects the charges to result in annual pre-tax savings of approximately $7 million to $10 million over the course of FY17 and approximately $30 million to $40 million on an annualized basis when fully completed. The free research report on PRXL is available at:
Charles River Laboratories
Shares in Wilmington, Massachusetts headquartered Charles River Laboratories International Inc. ended at $80.02, up 0.29% from the last trading session. The stock recorded a trading volume of 425,672 shares. The Company's shares have gained 4.60% in the last one month and 5.03% since the start of this year. The stock is trading 6.93% above its 50-day moving average. Moreover, shares of Charles River Laboratories International, which provides drug discovery and preclinical development services worldwide, have an RSI of 63.24.
On December 01st, 2016, Charles River Laboratories launched a full, end-to-end service offering of CRISPR/Cas9 genome engineering technology. Through a licensing arrangement with the Broad Institute of MIT and Harvard, Charles River can now offer custom in vivo and in vitro genome editing. With this technology, Charles River will be able to develop more translational research models that will ultimately improve the efficiency and effectiveness of the drug discovery process. The complimentary report on CRL can be downloaded at:
PRA Health Sciences
Raleigh, North Carolina headquartered PRA Health Sciences Inc.'s stock ended yesterday's session 0.89% lower at $55.74 with a total trading volume of 420,856 shares. The Company's shares have advanced 0.36% in the past month, 3.45% over the previous three months, and 1.12% on an YTD basis. The stock is trading 1.22% above its 50-day moving average and 10.74% above its 200-day moving average. Additionally, shares of PRA Health Sciences, which provides outsourced clinical development services to the biotechnology and pharmaceutical industries worldwide, have an RSI of 49.56. Visit us today and download our complete research report on PRAH for free at:
At the close on Wednesday, shares in San Francisco, California headquartered Invitae Corp. recorded a trading volume of 190,578 shares. The stock finished 1.88% lower at $8.34. The Company's shares have gained 15.99% in the last one month, 11.35% in the previous three months, and 5.04% on an YTD basis. The stock is trading above its 50-day moving average by 9.17%. Furthermore, shares of Invitae, which focuses on bringing comprehensive genetic information into mainstream medical practice to enhance the quality of healthcare, have an RSI of 53.30.
On January 09th, 2017, Invitae announced that Sean George, Ph.D., its Co-Founder and current President and Chief Operating Officer, has been named Chief Executive Officer for the Company. Current Chairman and Chief Executive Officer, Randy Scott, will become Executive Chairman of the Board of Directors and remain full time at the Company. The appointments were effective immediately. Get free access to your technical report on NVTA at:
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