Research Reports Initiation on Healthcare Stocks -- CVS Health, Express Scripts, UnitedHealth, and Lipocine
NEW YORK, November 9, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com redirects its focus on CVS Health Corp. (NYSE: CVS), Express Scripts Holding Co. (NASDAQ: ESRX), UnitedHealth Group Inc. (NYSE: UNH), and Lipocine Inc. (NASDAQ: LPCN). These companies belong to the Healthcare sector which ended higher for a third day in a row on Tuesday, November 08, 2016, with the NYSE Health Care Index rising slightly over 0.3%, and shares of health care companies in the S&P 500 climbing more than 0.5% as a group. Learn more about these stocks by downloading their free report at:
Woonsocket, Rhode Island headquartered CVS Health Corp.'s stock finished Tuesday's session 11.82% lower at $73.53. A total volume of 50.23 million shares was traded, which was above their three months average volume of 5.64 million shares. The Company's shares are trading below their 50-day moving average by 16.66%. Furthermore, shares of CVS Health, which together with its subsidiaries, provides integrated pharmacy health care services, have a Relative Strength Index (RSI) of 21.42.
On November 08th, 2016, CVS Health reported that net revenues for Q3 2016 increased 15.5%, or $6.0 billion, to $44.6 billion compared to Q3 2015. The company's net income for the reported quarter was $1.5 billion, an increase of $294 million, or 23.6% from the prior year quarter. Cash flow from operations was $7.9 billion on an YTD basis. The free report on CVS is available at
On Tuesday, shares in St. Louis, Missouri headquartered Express Scripts Holding Co. ended the session at $69.85, down 0.75%. The stock recorded a trading volume of 5.76 million shares, which was higher than its three months average volume of 3.71 million shares. The Company's shares are trading 0.60% below their 50-day moving average. Moreover, shares of Express Scripts Holding, which operates as a pharmacy benefit management (PBM) company in the US, Canada, and Europe, have an RSI of 51.25.
On November 03rd, 2016, Express Scripts announced that Express Scripts Medicare® Prescription Drug Plan (PDP), contract S5660, has once again earned a 4-Star* quality rating from the Centers for Medicare and Medicaid Services (CMS). Express Scripts 2017 Medicare Value and Choice plans offer additional cost savings through a preferred pharmacy network - which includes more than 8,200 Walgreens pharmacies nationwide and more than 21,000 independent pharmacies - and Express Scripts Home Delivery Pharmacy.
On November 04th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold'. The research firm also revised upwards its previous target price from $69 to $70. The complimentary report on ESRX can be downloaded at:
Minnetonka, Minnesota-based UnitedHealth Group Inc.'s stock ended yesterday's session 0.68% higher at $142.90. A total volume of 4.33 million shares was traded, which was above their three months average volume of 3.17 million shares. The Company's shares have advanced 3.49% in the past month, 0.96% in the previous three months, and 23.09% on an YTD basis. The stock is trading 3.28% above its 50-day moving average and 7.91% above its 200-day moving average. Additionally, shares of UnitedHealth Group, which operates as a diversified health and well-being company in the US, have an RSI of 58.99.
On October 19th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $160 a share to $169 a share.
On November 01st, 2016, Insperity, Inc. announced an amendment to its contract for medical coverage with UnitedHealthcare, a UnitedHealth Group. This amendment allows for this successful 15-year relationship to continue the ongoing commitment of both companies to focus on controlling health care costs. Visit us today and download our complete research report on UNH for free at:
At the close on Tuesday, shares in Salt Lake City, Utah headquartered Lipocine Inc. recorded a trading volume of 212,838 shares. The stock finished 8.47% higher at $3.33. The Company's shares are trading below their 50-day moving average by 11.41%. Furthermore, shares of Lipocine, which develops pharmaceutical products using its oral drug delivery technology in the areas of men's and women's health, have an RSI of 44.28.
On November 08th, 2016, Lipocine reported a net loss of $3.2 million, or $0.18 per diluted share, for Q3 2016 compared to a net loss of $6.4 million, or $0.35 per diluted share, for Q3 2015. For the reported quarter, research and development expenses were $1.5 million compared to $4.7 million for Q3 2015. The change was primarily due to decreased contract research organization and consultant costs as well as a $2.3 million fee paid in 2015 to file its NDA for LPCN 1021 with the FDA. As of September 30th, 2016, Lipocine had cash, cash equivalents, and marketable investment securities of $28.8 million. Get free access to your technical report on LPCN at:
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