Daily Technical Summary Reports on Biotech Stocks -- Ophthotech, PTC Therapeutics, Trevena, and Tesaro

Tuesday, November 14, 2017 General News
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NEW YORK, Nov. 14, 2017 /PRNewswire/ -- If you want a Stock Review on OPHT, PTCT, TRVN, or TSRO then come over to http://dailystocktracker.com/register/

and sign up for your free customized report. Today's research on DailyStockTracker.com is dedicated to the Biotech sector, which harnesses biological processes to create technologies and products for a wide variety of challenges - from expanding crop
sizes to treating disease. Equities under assessment this morning are: Ophthotech Corp. (NASDAQ: OPHT), PTC Therapeutics Inc. (NASDAQ: PTCT), Trevena, Inc. (NASDAQ: TRVN), and Tesaro Inc. (NASDAQ: TSRO). Register now and get full and free access to these DailyStockTracker.com research reports at:

http://dailystocktracker.com/register/

Ophthotech

On Monday, shares in New York headquartered Ophthotech Corp. recorded a trading volume of 2.81 million shares, which was above their three months average volume of 612,910 shares. The stock ended at $3.20, jumping 11.89% from the last trading session. The Company's shares have gained 21.67% in the last one month and 17.65% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 23.40% and 7.96%, respectively. Furthermore, shares of Ophthotech, which develops novel therapeutics to treat diseases of the back of the eye, have a Relative Strength Index (RSI) of 80.14. 

On November 08th, 2017, Ophthotech announced financial and operating results for Q3 ended September 30th, 2017. Collaboration revenue was $206.7 million for the quarter; R&D expenses were $10.7 million; G&A expenses were $7.1 million; and net income was $189.1 million. As of September 30th, 2017, the Company had $180.2 million in cash and cash equivalents. Access our complete research report on OPHT for free at:

http://dailystocktracker.com/registration/?symbol=OPHT

PTC Therapeutics

New Jersey headquartered PTC Therapeutics Inc.'s stock finished yesterday's session 3.24% lower at $15.53 with a total trading volume of 1.13 million shares. The Company's shares have surged 42.35% on an YTD basis. The stock is trading slightly below its 200-day moving average by 0.16%. Furthermore, shares of PTC Therapeutics, which focuses on the discovery, development, and commercialization of orally administered, small molecule drugs that target post-transcriptional control processes, have an RSI of 37.16. 

On October 25th, 2017, PTC Therapeutics announced that the Office of Drug Evaluation I of the US FDA has issued a complete response letter for the New Drug Application of the investigational medicine ataluren for the treatment of nonsense mutation dystrophinopathies. The letter indicated that evidence of effectiveness from an additional adequate and well-controlled clinical trial(s) will be necessary at a minimum to provide substantial evidence of effectiveness.

On October 26th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on PTCT can be downloaded at:

http://dailystocktracker.com/registration/?symbol=PTCT

Trevena

At the close of trading on Monday, shares in Pennsylvania headquartered Trevena, Inc. saw a drop of 11.80%, ending the day at $1.57. The stock recorded a trading volume of 1.28 million shares, which was above its three months average volume of 685,330 shares. The Company's shares are trading 26.41% below their 50-day moving average. Moreover, shares of Trevena have an RSI of 41.42. 

On October 25th, 2017, Trevena announced that it presented two posters describing the results of APOLLO-1 and APOLLO-2 - the Company's two successful Phase 3 pivotal efficacy studies of OLINVO - at the 2017 Annual Meeting of the American Society of Anesthesiologists held last October 21st, 2017, to October 25th, 2017 in Boston. The Company also announced that results of its Phase 2b trial of Breakthrough Therapy-designated OLINVO (oliceridine injection) have been published in the peer-reviewed Journal of Pain Research. 

On November 08th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $9 a share to $7 a share. Register for free on DailyStockTracker.com and get access to the latest report on TRVN at:

http://dailystocktracker.com/registration/?symbol=TRVN

Tesaro

Waltham, Massachusetts headquartered Tesaro Inc.'s shares ended the day 0.70% lower at $90.45. A total volume of 1.05 million shares was traded, which was above their three months average volume of 859,360 shares. The stock is trading 22.90% below its 50-day moving average. Additionally, shares of Tesaro, which identifies, acquires, develops, and commercializes cancer therapeutics and oncology supportive care products in the US, have an RSI of 22.19. 

On October 23rd, 2017, research firm Piper Jaffray resumed its 'Neutral' rating on the Company's stock, with a target price of $117 per share.

On October 23rd, 2017, Tesaro announced that Lonnie Moulder, CEO, and Mary Lynne Hedley, Ph.D., President and COO, are scheduled to participate in an analyst-led fireside chat at The Evercore ISI BioPharma Catalyst/Deep Dive Conference on November 29th, 2017, from 3:50 p.m. to 4:35 p.m. ET at the Boston Harbor Hotel in Boston. A live webcast of the presentation will be available under the Investors section of the Company's website. The free report on TSRO can be downloaded at:

http://dailystocktracker.com/registration/?symbol=TSRO

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