Pre-Market Technical Scan on Biotech Equities -- Amicus Therapeutics, Ampio Pharmaceuticals, AmpliPhi Biosciences, and ARMO BioSciences
NEW YORK, March. 6, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on FOLD, AMPE, APHB, and ARMO which can be accessed for free by signing up to www.wallstequities.com/registration. According to a Reuters' article, the recent volatility in the global stock market may make some investors feel queasy, but it is providing a buying opportunity in Biotechnology stocks. The article further noted that, Rajeev Bhaman, portfolio manager of Oppenheimer Global fund, said that it is because biotechs will see little impact from rising interest rates because investors are more focused on the long-term potential of their drugs. Pre-market today, WallStEquities.com assesses Amicus Therapeutics Inc. (NASDAQ: FOLD), Ampio Pharmaceuticals Inc. (NYSE AMER: AMPE), AmpliPhi Biosciences Corp. (NYSE AMER: APHB), and ARMO BioSciences Inc. (NASDAQ: ARMO). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Amicus Therapeutics
On Monday, shares in Cranbury, New Jersey headquartered Amicus Therapeutics Inc. recorded a trading volume of 4.96 million shares, which was above their three months average volume of 3.07 million shares. The stock ended the session 3.03% lower at $13.77. The Company's shares have gained 76.77% over the past year. The stock is trading 4.66% above its 200-day moving average. Moreover, shares of Amicus Therapeutics, which engages in the discovery, development, and commercialization of medicines for various rare and orphan diseases, have a Relative Strength Index (RSI) of 38.05.
On February 28th, 2018, Amicus Therapeutics announced its results for the year ended December 31st, 2017. Total revenue for the full year 2017 was $36.9 million; total operating expenses were $472.7 million; and operating expenses, as adjusted, excluding the impact of non-cash charges related to the ESSENCE study, were $261.9 million. Net cash spend for the year was $216.5 million, and net loss was $284.0 million. Cash, cash equivalents, and marketable securities totaled $358.6 million at December 31st, 2017. Get the full research report on FOLD for free by clicking below at:
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Ampio Pharmaceuticals
Englewood, Colorado headquartered Ampio Pharmaceuticals Inc.'s stock closed the day 3.48% higher at $2.38 with a total trading volume of 1.25 million shares. The Company's shares have surged 75.00% in the previous three months and 166.88% over the past year. The stock is trading 74.75% above its 200-day moving average. Additionally, shares of Ampio Pharma, which focuses on the development of therapies for the treatment of prevalent inflammatory conditions in the US, have an RSI of 41.15. Free research on AMPE can be accessed at:
www.wallstequities.com/registration/?symbol=AMPE
AmpliPhi Biosciences
Shares in San Diego, California headquartered AmpliPhi Biosciences Corp. recorded a trading volume of 240,833 shares. The stock ended yesterday's trading session 2.86% lower at $1.36. The Company's shares have advanced 18.26% in the past month and 30.77% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 14.46% and 35.32%, respectively. Furthermore, shares of AmpliPhi Biosciences, which focuses on the development of therapies for antibiotic-resistant infections using bacteriophage-based technology, have an RSI of 57.79. Visit WallStEquities.com now and sign up for the free research on APHB at:
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ARMO BioSciences
US-based ARMO BioSciences Inc.'s stock finished Monday's session 8.71% higher at $50.31 with a total trading volume of 204,901 shares. The stock has advanced 67.20% in the last month. Shares of the Company, which focuses on developing immunotherapies for the treatment of cancer, cardiovascular disease, fibrosis and inflammation, are trading above its 50-day moving average by 22.54%.
On February 20th, 2018, research firm Jefferies initiated a 'Buy' rating on the Company's stock, with a target price of $61 per share. The free technical report on ARMO is available at:
www.wallstequities.com/registration/?symbol=ARMO
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