Pre-Market Technical Recap on Drug Makers Stocks -- Synergy Pharma, Novo Nordisk, United Therapeutics, and Depomed
NEW YORK, November 15, 2017 /PRNewswire/ --
If you want a Stock Review on SGYP, NVO, UTHR, or DEPO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com redirects investors' attention to the Drug Manufacturers space, which comprises of companies that manufacture and process pharmaceutical products. Equities in today's lineup are: Synergy Pharmaceuticals Inc. (NASDAQ: SGYP), Novo Nordisk A/S (NYSE: NVO), United Therapeutics Corp. (NASDAQ: UTHR), and Depomed Inc. (NASDAQ: DEPO). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
http://dailystocktracker.com/register/
Synergy Pharmaceuticals
New York headquartered Synergy Pharmaceuticals Inc.'s shares saw a drop of 16.80%, finishing Tuesday's trading session at $2.03. A total volume of 27.37 million shares was traded, which was higher than their three months average volume of 5.78 million shares. The stock is trading below its 50-day moving average by 29.50%. Moreover, shares of Synergy Pharma, which focuses on the development and commercialization of novel therapies to treat gastrointestinal diseases and disorders, have a Relative Strength Index (RSI) of 25.88.
On November 13th, 2017, Synergy Pharma announced the pricing of its underwritten offering of 21,705,426 shares of the Company's common stock, together with accompanying warrants to purchase an aggregate of 21,705,426 shares of common stock at a combined price to the public of $2.58 per share and accompanying warrant. The aggregate offering price, before deducting underwriting discounts and commissions and other offering expenses, is expected to be approximately $56 million. Free research report on SGYP is available at:
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Novo Nordisk
On Tuesday, shares in Bagsvaerd, Denmark headquartered Novo Nordisk A/S recorded a trading volume of 1.07 million shares, and ended the session 0.16% higher at $49.84. The stock has gained 1.05% in the last one month, 7.39% over the previous three months, and 38.98% on an YTD basis. The Company's shares are trading 1.47% above their 50-day moving average and 18.62% above their 200-day moving average. Furthermore, shares of Novo Nordisk, which engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide, have an RSI of 52.43.
On October 18th, 2017, Novo Nordisk announced that the Endocrinologic and Metabolic Drugs Advisory Committee of the US FDA voted 16-0, supporting the approval of once-weekly semaglutide to improve glycemic control in adults with type-2 diabetes. One member of the committee abstained. The recommendation for approval was based on data from SUSTAIN, a comprehensive global development program that evaluated the safety and efficacy of semaglutide, administered once-weekly. The complimentary research report on NVO can be downloaded at:
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United Therapeutics
Shares in Silver Spring, Maryland headquartered United Therapeutics Corp. closed at $118.58, slightly down 0.98% from the last trading session. The stock recorded a trading volume of 312,325 shares. The Company's shares are trading 2.20% below their 50-day moving average. Additionally, shares of United Therapeutics, which develops and commercializes products to address the unmet medical needs of patients with chronic and life-threatening diseases worldwide, have an RSI of 44.62.
On October 23rd, 2017, United Therapeutics announced approval by the US FDA of a new inhalation device, called the TD-300/A, for use with Tyvaso® (treprostinil) Inhalation Solution. Designed based on patient and physician feedback, the new device has a cleaner, more ergonomic design that includes single-button operation; an intuitive user interface for adjusting breath counts; a color, graphical display that leads patients through the inhalation process and displays time since last treatment; and an internal, rechargeable battery. Visit DailyStockTracker.com today and access our complete research report on UTHR at:
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Depomed
Newark, California headquartered Depomed Inc.'s stock ended 5.61% lower at $6.06. A total volume of 2.39 million shares was traded, which was above their three months average volume of 1.49 million shares. The Company's shares have advanced 19.76% in the last one month. The stock is trading above its 50-day moving average by 7.03%. Furthermore, shares of Depomed, which engages in the development, sale, and licensing of products for pain and other central nervous system conditions in the US, have an RSI of 58.12.
On November 07th, 2017, Depomed announced that it has entered into an agreement with Slán Medicinal Holdings Limited ("Slán") under which Depomed will acquire from Slán rights to market the specialty drug, cosyntropin (Synthetic ACTH Depot) in the US and divest its Lazanda® (fentanyl) nasal spray CII to Slán.
On November 09th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'. Get free access to your research report on DEPO at:
http://dailystocktracker.com/registration/?symbol=DEPO
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