NEW YORK, January 25, 2017 /PRNewswire/ --
Stock-Callers.com brings focus back on the Biotechnology industry to seehow some equities have fared over the last few trading sessions. Under evaluation this morning are: PharmAthene Inc. (NYSE MKT: PIP), Corcept Therapeutics Inc. (NASDAQ: CORT), Navidea Biopharmaceuticals Inc (NYSE MKT: NAVB), and Inotek Pharmaceuticals
On Tuesday, shares in Annapolis, Maryland headquartered PharmAthene Inc. recorded a trading volume of 1.74 million shares, which was above their three months average volume of 976,340 shares. The stock ended the session flat at $3.35. The Company's shares have gained 3.08% in the last one month, 19.64% in the previous three months, and 3.08% on an YTD basis. The stock is trading 5.21% above its 50-day moving average and 24.61% above its 200-day moving average. Moreover, shares of PharmAthene, which develops and commercializes medical counter measures against biological and chemical threats in the US, have a Relative Strength Index (RSI) of 54.89.
On January 19th, 2017, PharmAthene and Altimmune, Inc. announced the signing of a definitive agreement for the merger of PharmAthene and Altimmune in an all-stock transaction. The combined Company will be a fully-integrated and diversified immunotherapeutics Company with four clinical stage and one preclinical stage programs. PharmAthene will issue shares of common stock to Altimmune's shareholders such that Altimmune's equity holders will own 58.2% of the fully-diluted equity of the combined Company. The combined Company, which will operate as a public Company under the name Altimmune, is expected to trade on the NYSE MKT under the ticker symbol ALT. The proposed transaction does not affect PharmAthene's previously announced special one-time cash dividend of $2.91 per share of common stock. Your complete research report on PIP can be retrieved for free at:
Menlo Park, California headquartered Corcept Therapeutics Inc.'s stock closed the day 0.41% higher at $7.27 with a total trading volume of 558,066 shares. The Company's shares have advanced 4.76% in the previous three months and 0.14% since the start of this year. The stock is trading 13.25% above its 200-day moving average. Additionally, shares of Corcept Therapeutics, which engages in the discovery, development, and commercialization of drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders in the US, have an RSI of 34.54.
On January 23rd, 2017, Corcept Therapeutics announced that it will report preliminary Q4 2016 and 2016 financial results and provide 2017 revenue guidance and a corporate update on January 30th, 2017. The Company will also host a conference call that day at 5:00 p.m. ET. A free report on CORT is just a click away at:
Shares in Dublin, Ohio headquartered Navidea Biopharmaceuticals Inc recorded a trading volume of 510,308 shares, and ended yesterday's trading session 1.71% lower at $0.58. The stock is trading below its 50-day moving average by 18.05%. Shares of the Company, which focuses on the development and commercialization of precision immunodiagnostic agents and immunotherapeutics, have an RSI of 36.51. Sign up for your complimentary research report on NAVB at:
Lexington, Massachusetts headquartered Inotek Pharmaceuticals Corp.'s stock finished Tuesday's session flat at $1.52 with a total trading volume of 602,826 shares. The Company's are trading below their 50-day moving average by 71.12%. Shares of the Company, which focuses on the discovery, development, and commercialization of therapies for glaucoma and other diseases of the eye in the US, have an RSI of 19.38.
On January 03rd, 2017, Inotek Pharmaceuticals announced top-line results of MATrX-1, the first pivotal Phase-3 trial of trabodenoson for the treatment of primary open-angle glaucoma or ocular hypertension. The trial did not achieve its primary endpoint of superiority in reduction of intraocular pressure compared with placebo at all 12 time points. This was, in part, due to a placebo response that was 2-3 mmHg greater than that observed in Phase-2. Trabodenoson, the Company's lead clinical candidate, is a first-in-class, highly selective adenosine mimetic targeting the A1 subreceptor.
On January 04th, 2017, research firm H.C. Wainwright reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $22 a share to $7 a share. Register for free on Stock-Callers.com and download the latest research report on ITEK at:
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