Breakfast Technical Briefing on Biotech Stocks -- Cytori Therapeutics, Sorrento Therapeutics, Marinus Pharma, and NewLink Genetics
NEW YORK, Nov. 7, 2017 /PRNewswire/ -- If you want a Stock Review on CYTX, SRNE, MRNS, or NLNK then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com observes the recent performance of Cytori Therapeutics Inc. (NASDAQ: CYTX), Sorrento Therapeutics Inc. (NASDAQ: SRNE), Marinus Pharmaceuticals Inc. (NASDAQ: MRNS), and NewLink Genetics Corp. (NASDAQ: NLNK). These companies belong to the Biotechnology space, which uses biological systems or living organisms for the development of its products, mostly biopharmaceutical drugs. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
Cytori Therapeutics
San Diego, California headquartered Cytori Therapeutics Inc.'s shares dropped 2.15%, closing Monday's trading session at $0.39. The stock recorded a trading volume of 296,136 shares. The Company's shares have advanced 6.39% over the previous three months. The stock is trading 4.90% below its 50-day moving average. Additionally, shares of Cytori Therapeutics, which develops cellular therapeutics for specific diseases and medical conditions, have a Relative Strength Index (RSI) of 41.44.
On November 02nd, 2017, Cytori Therapeutics announced that it will issue its Q3 earnings release on November 09th, 2017, at approximately 4:30 p.m. ET. The Company will provide a live webcast of its financial results and business update on at 5:30 p.m. ET that same day. The webcast will be available both live and by replay two hours after the call under the "Webcasts" section of the Company's website. See our free and comprehensive research report on CYTX at:
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Sorrento Therapeutics
On Monday, shares in San Diego, California-based Sorrento Therapeutics Inc. recorded a trading volume of 1.26 million shares, which was above their three months average volume of 1.09 million shares. The stock edged 11.54% higher, ending the day at $2.90. The Company's shares have surged 61.11% in the past month and 48.72% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 35.20% and 7.40%, respectively. Furthermore, shares of Sorrento Therapeutics, which engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide, have an RSI of 61.49. SRNE free research report is just a click away at:
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Marinus Pharmaceuticals
Radnor, Pennsylvania-based Marinus Pharmaceuticals Inc.'s stock finished the day 11.15% higher at $6.88 with a total trading volume of 1.36 million shares. The Company's shares have skyrocketed 215.60% in the previous three months and 581.19% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 39.64% and 188.78%, respectively. Additionally, shares of Marinus Pharma, which focuses on developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders, have an RSI of 65.55.
On October 31st, 2017, Marinus Pharma reported its financial results for the three months ended September 30th, 2017. R&D expenses for Q3 2017 decreased to $2.6 million; G&A expenses were $1.6 million; and cash used in operating activities decreased to $14.3 million. At September 30th, 2017, the Company had cash, cash equivalents, and investment balances of $62.9 million. Sign up for your complimentary report on MRNS at:
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NewLink Genetics
Shares in Ames, Iowa headquartered NewLink Genetics Corp. ended yesterday's session 1.24% higher at $8.98. The stock recorded a trading volume of 1.12 million shares. The Company's shares have advanced 27.20% over the previous three months. The stock is trading 13.86% below its 50-day moving average. Moreover, shares of NewLink Genetics, which focuses on discovering, developing, and commercializing immunotherapeutic products for the treatment of cancer, have an RSI of 27.51.
On October 13th, 2017, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock, with a target price of $22 per share.
On October 30th, 2017, NewLink Genetics announced that indoximod, its leading drug development candidate, was granted orphan-drug designation by the U.S. Food and Drug Administration for the treatment of patients with Stage IIb-IV melanoma. The Company is currently evaluating indoximod in multiple combination studies for patients with various types of cancer including melanoma, acute myeloid leukemia, pancreatic cancer, and prostate cancer. Register for free on DailyStockTracker.com and download the latest research report on NLNK at:
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