LONDON, August 19, 2013 /PRNewswire/ --
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The US equity market ended on a lower note on Friday, August 16, 2013. The Dow Jones Industrial Average closed at 15,081.47, down 0.20%, the S&P 500 closed at 1,655.83, down 0.33%, and the NASDAQ composite finished at 3,602.78, down 0.09%. However, shares in biotechnology companies closed on a higher note. The major movers in the sector included ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), Medivation Inc. (NASDAQ: MDVN), Sarepta Therapeutics Inc. (NASDAQ: SRPT), and Cell Therapeutics Inc. (NASDAQ: CTIC). AAAResearchReports.com free coverage on ACAD, MDVN, SRPT, and CTIC is available upon registration at:
ACADIA Pharmaceuticals Inc.'s shares ended 0.41% higher on Friday, reversing some of their recent losses. The company's stock oscillated between $19.27 and $20.25 before closing the day at $19.70. A total of 1.49 million shares were traded, which is below the daily average volume of 3.08 million. The company's shares have lost 2.09% in the previous three trading sessions and in the last one month. Despite recent losses, ACADIA Pharmaceuticals Inc.'s stock has gained 48.46% in the last three months, outperforming the S&P 500 which has fallen 0.70% during the same period. Moreover, the stock is trading above its 50-day and 200-day moving averages. Download free technical research on ACAD by signing up at:
Shares in Medivation Inc. edged higher on Friday, even as the broader market ended on a lower note. The company's stock ended the day at $55.89, up 0.25%, after oscillating between $54.94 and $56.79. A total of 1.62 million shares were traded, which is above the daily average volume of 1.04 million. Medivation Inc.'s stock has gained 17.59% in the last three months, compared to a decline of 0.70% in the S&P 500 during the same period. Further, the stock is trading above its 50-day and 200-day moving averages. Register now and get access to free analysis on MDVN at:
Shares in Sarepta Therapeutics Inc. rose sharply on Friday, reversing losses from the previous trading session. The company's shares fluctuated between $32.45 and $34.71 before ending the day 3.25% higher at $33.08. A total of 3.07 million shares were traded, which is significantly above the daily average volume of 1.66 million. The company's shares have gained 4.88% in the last three trading sessions, outperforming the S&P 500 which has fallen 2.26% during the same period. Additionally, the stock is trading above its 200-day moving average. Sign up and read our complimentary report on SRPT at:
Shares in Cell Therapeutics Inc. ended higher on Friday, even as the broader indices declined. The company's shares gained 0.95% ending at $1.06 after fluctuating between $1.06 and $1.09. A total of 0.49 million shares were traded, which is below the daily average volume of 1.16 million. Cell Therapeutics Inc.'s shares have fallen 0.93% in the previous three trading sessions, outperforming the S&P 500 which has fallen 2.26% during the same period. The free report on CTIC can be downloaded by signing up now at:
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