Drug Makers Stocks Under Scanner -- Eli Lilly, Provectus Biopharma, GlaxoSmithKline, and Novartis
NEW YORK, November 8, 2016 /PRNewswire/ --
Stock-Callers.com brings focus back on the Drug Manufacturers industry which consists of companies that research, develop, market, and distribute drugs for nearly every therapeutic need. Four major players have been lined up for assessment this morning: Eli Lilly and Co. (NYSE: LLY), Provectus Biopharmaceuticals Inc. (OTCMKTS: PVCT), GlaxoSmithKline PLC (NYSE: GSK), and Novartis AG (NYSE: NVS). You can access of our complimentary research reports on these stocks now at:
At the close on Monday, shares in Indianapolis, Indiana headquartered Eli Lilly and Co. rose 1.92%, ending the day at $73.88. The stock recorded a trading volume of 4.96 million shares, which was above its three months average volume of 3.65 million shares. The Company's shares are trading below their 200-day moving average by 3.12%. Moreover, shares of Eli Lilly, which discovers, develops, manufactures, and markets pharmaceutical products worldwide, have a Relative Strength Index (RSI) of 35.15.
On November 03rd, 2016, Eli Lilly announced that new post-hoc analyses of pooled efficacy and safety data from baricitinib phase 3 studies, along with findings from a real-world assessment of medication use among rheumatoid arthritis patients and other phase 2 studies, will be presented at the American College of Rheumatology (ACR)/Association of Rheumatology Health Professionals (ARHP) Annual Meeting in Washington DC, November 11th -16th, 2016. Additionally, six abstracts, including one oral presentation, will feature results from pivotal phase 3 data of Taltz® (ixekizumab) for the treatment of moderate-to-severe plaque psoriasis and active psoriatic arthritis. Visit us today and download your complete report on LLY for free at:
Shares in Knoxville, Tennessee-based Provectus Biopharmaceuticals Inc. ended the day 6.90% lower at $0.05 and with a total trading volume of 964,091 shares. The stock is trading below its 50-day moving average by 37.78%. Shares of the Company, which engages in developing ethical pharmaceuticals for oncology and dermatology indications, have an RSI of 40.48.
On October 25th, 2016, Provectus Biopharma announced that it will host its Q3 2016 business update conference call on November 14th, 2016 at 4 p.m. ET. Management will provide a business update on PV-10 and PH-10 to the investment community and answer questions from investors. The complimentary research report on PVCT can be accessed at:
On Monday, shares in Brentford, the UK headquartered GlaxoSmithKline PLC finished 0.54% higher at $38.84. A total volume of 3.32 million shares was traded, which was above their three months average volume of 2.91 million shares. The stock has advanced 2.97% on an YTD basis. The Company's shares are trading below their 200-day moving average by 5.21%. Additionally, shares of GlaxoSmithKline, which creates, discovers, develops, manufactures, and markets pharmaceutical products, including vaccines, over-the-counter medicines, and health-related consumer products worldwide, have an RSI of 29.52.
On October 26th, 2016, GlaxoSmithKline reported that Group turnover for Q3 2016 increased 23% in Sterling terms to £7,542 million, with Pharmaceuticals up 6%, Vaccines up 20%, and Consumer Healthcare up 5%. Sales of New Pharmaceutical and Vaccine products were £1,212 million in the quarter, an increase of 79%. For Q3 2016, core operating profit was £5,709 million, 14% higher in CER terms than Q3 2015. The core operating margin of 28.1% was 3.3% higher than Q3 2015.
On October 20th, 2016, research firm Investec initiated a 'Buy' rating on the Company's stock. Register for free on Stock-Callers.com and download the PDF research report on GSK at:
Basel, Switzerland headquartered Novartis AG's shares recorded a trading volume of 2.77 million shares, which was higher than their three months average volume of 2.01 million shares. The stock closed the day at $70.90, gaining 0.93%. The Company's shares are trading below their 200-day moving average by 8.10%. Additionally, shares of Novartis, which researches, develops, manufactures, and markets a range of healthcare products worldwide, have an RSI at 31.31.
On October 10th, 2016, research firm Chardan Capital Markets reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $95 a share to $92 a share.
On October 25th, 2016, Novartis reported that net sales were $12.1 billion in Q3 2016, as volume growth of 5% was more than offset by the negative impact of generic competition and pricing. Core operating income was $3.4 billion. Core operating income margin in constant currencies decreased 0.6%, mainly due to investments behind new launches and the Alcon growth plan, partially offset by productivity improvements. Novartis' net income was $1.9 billion. Get free access to your research report on NVS at:
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