NEW YORK, April 27, 2017 /PRNewswire/ --
Stock-Callers.com has initiated coverage on select Generic Drugs stocks, particularly: Mylan N.V. (NASDAQ: MYL), Allergan PLC (NYSE: AGN), Horizon Pharma PLC (NASDAQ: HZNP), and Rigel Pharmaceuticals Inc. (NASDAQ: RIGL). These companies operate in the Healthcare sector, which has been lackluster this earnings season. According to an article on ETF trends, without supporting factors, such as price increases or increased mergers and acquisitions to bolster the segment, pharmaceutical exchange traded funds could suffer through a weak start to Q2 2017. Download the free research reports on these stocks today:
Hatfield, the UK-based Mylan N.V.'s shares gained 1.60%, closing Wednesday's trading session at $37.44. The stock recorded a trading volume of 6.16 million shares, which was above its three months average volume of 5.80 million shares. The Company's shares have advanced 2.63% over the previous three months. The stock is trading 7.28% below its 200-day moving average. Additionally, shares of Mylan, which together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter products worldwide, have a Relative Strength Index (RSI) of 37.79.
On April 17th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $48 a share to $46 a share.
On April 20th, 2017, Mylan announced the US launch of Perphenazine Tablets USP, a generic version of the reference-listed drug, Trilafon Tablets, originally marketed by Schering. Mylan received final approval from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application for this product, which is used in the treatment of schizophrenia and for the control of severe nausea and vomiting in adults. See our free and comprehensive research report on MYL at:
On Wednesday, shares in Dublin, Ireland headquartered Allergan PLC recorded a trading volume of 1.92 million shares. The stock rose 0.54%, ending the day at $239.50. The Company's shares have advanced 0.05% in the past month, 12.46% in the previous three months, and 14.37% on an YTD basis. The stock is trading above its 200-day moving average by 4.94%. Furthermore, shares of Allergan, which develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide, have an RSI of 52.17.
On April 25th, 2017, Allergan announced that it has been granted marketing authorization by the US FDA for TrueTear™ Intranasal Tear Neurostimulator, the first and only FDA-cleared device developed to temporarily increase tear production during neurostimulation in adult patients. AGN free research report PDF is just a click away at:
Dublin, Ireland headquartered Horizon Pharma PLC's stock finished the day 1.25% higher at $15.35 with a total trading volume of 1.75 million shares. The Company's shares have advanced 3.44% in the last one month. The stock is trading below its 50-day moving average by 0.74%. Additionally, shares of Horizon Pharma, which engages in identifying, developing, acquiring, and commercializing medicines for the treatment of orphan diseases, arthritis, pain, and inflammation and inflammatory diseases in the US and internationally, have an RSI of 52.69.
On April 13th, 2017, Horizon Pharma announced that its Q1 2017 financial results will be released on Monday, May 08th, 2017. Following the announcement, the management will host a live conference call and webcast at 7:30 a.m. ET to review the Company's financial and operating results. The live webcast and a replay may be accessed on the Company's website. Sign up for your complimentary report on HZNP at:
Shares in South San Francisco, California-based Rigel Pharmaceuticals Inc. ended yesterday's session 2.30% lower at $2.98. The stock recorded a trading volume of 669,448 shares. The Company's shares have advanced 46.80% over the previous three months and 25.21% since the start of this year. The stock is trading 3.92% and 6.37% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Rigel Pharma, which engages in the discovery and development of drugs in the therapeutic areas of immunology, oncology, and immuno-oncology, have an RSI of 48.54.
On April 25th, 2017, Rigel Pharma announced that it will report its Q1 2017 financial results after market close on Tuesday, May 02nd, 2017. Senior management will follow the announcement with a live conference call and webcast at 5:00 p.m. ET to discuss the financial results. The conference call will be webcast live, and can be accessed on the Company's website. Register for free on Stock-Callers.com and download the latest research report on RIGL at:
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