This Morning's Technical Outlook on Drug Makers Stocks -- Synergy Pharma, Depomed, United Therapeutics, and Novo Nordisk
20 Dec, 2017, 05:10 ET
NEW YORK, Dec. 20, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on SGYP, DEPO, UTHR, and NVO which is a click away at www.wallstequities.com/registration. Today's research on WallStEquities.com is focused on select Drug Manufacturers stocks, particularly, Synergy Pharmaceuticals Inc. (NASDAQ: SGYP), Depomed Inc. (NASDAQ: DEPO), United Therapeutics Corp. (NASDAQ: UTHR), and Novo Nordisk A/S (NYSE: NVO). The Pharmaceutical Manufacturing sector consists of establishments primarily engaged in one or more of the following: manufacturing biological and medical products; processing botanical drugs and herbs; isolating active medical principles from botanical drugs and herbs; and manufacturing pharmaceutical products intended for internal and external consumption. With Wall St. Equities' free research reports get an edge over stock markets, sign up now at: www.wallstequities.com/registration
New York headquartered Synergy Pharmaceuticals Inc.'s shares gained 2.50%, closing Tuesday's trading session at $2.05. The stock recorded a trading volume of 6.64 million shares. The Company's shares have advanced 5.13% in the last month. The stock is trading 15.87% below its 50-day moving average. Additionally, 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 48.11. Our free and thorough report on SGYP awaits you at: www.wallstequities.com/registration/?symbol=SGYP
On Tuesday, shares in Newark, California headquartered Depomed Inc. recorded a trading volume of 1.18 million shares. The stock rose 0.46%, ending the day at $8.65. The Company's shares have surged 39.97% in the past month and 45.62% in the previous three months. The stock is trading above its 50-day moving average by 39.48%. 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 75.59.
On December 04th, 2017, Depomed announced that it has signed a definitive Commercialization Agreement with Collegium Pharmaceutical, Inc. ("Collegium"). Under the terms of agreement, Collegium will commercialize both NUCYNTA® Extended Release and NUCYNTA® Immediate Release ("NUCYNTA"). In exchange for the commercialization of NUCYNTA, Depomed will receive a royalty rate on all NUCYNTA revenues based on certain net sales thresholds.
On December 05th, 2017, research firm Mizuho upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $9 per share. DEPO's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=DEPO
Silver Spring, Maryland headquartered United Therapeutics Corp.'s stock finished the day 0.51% lower at $135.52. A total volume of 521,261 shares was traded, which was above their three months average volume of 399,540 shares. The Company's shares have advanced 10.16% in the last one month and 15.27% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 8.39% and 6.40%, respectively. 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 62.92. Register for your free research report on UTHR at: www.wallstequities.com/registration/?symbol=UTHR
Shares in Bagsvaerd, Denmark headquartered Novo Nordisk A/S ended yesterday's session 0.25% lower at $52.79. The stock recorded a trading volume of 1.04 million shares. The Company's shares have advanced 3.69% in the last one month, 7.49% over the previous three months, and 47.21% since the start of this year. The stock is trading 4.25% and 19.86% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Novo Nordisk, which engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide, have an RSI of 57.74.
On December 06th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Wall St. Equities' downloadable research report on NVO available at: www.wallstequities.com/registration/?symbol=NVO
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