Research Reports Initiation on Biotech Stocks -- Egalet, Argos Therapeutics, Alder Biopharma, and Anavex Life Sciences

Thursday, May 4, 2017 Research News
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NEW YORK, May 4, 2017 /PRNewswire/ --

On Wednesday, May 03, 2017, US markets saw broad

based losses with eight out of nine sectors finishing the trading sessions in red. Major US indices were mixed at the close of yesterday's session. The NASDAQ Composite ended the day at 6,072.55, down 0.37%; the Dow Jones Industrial Average edged 0.04%
higher, to finish at 20,957.90; and the S&P 500 closed at 2,388.13, down 0.13%. This Thursday morning, looks at the performance of these four Biotechnology stocks: Egalet Corporation (NASDAQ: EGLT), Argos Therapeutics Inc. (NASDAQ: ARGS), Alder Biopharmaceuticals Inc. (NASDAQ: ALDR), and Anavex Life Sciences Corporation (NASDAQ: AVXL). You can access our complimentary research reports on these stocks now at:


Wayne, Pennsylvania headquartered Egalet Corp.'s stock declined 8.08%, to close the day at $3.07. The stock recorded a trading volume of 495,757 shares, which was above its three months average volume of 300,680 shares. The Company's shares are trading 33.17% and 51.94% below its 50-day and 200-day moving averages, respectively. Additionally, shares of the company, which develops, manufactures, and commercializes treatments for patients with pain and other conditions, have a Relative Strength Index (RSI) of 17.08. Visit us today and download your complete report on EGLT for free at:

Argos Therapeutics  

On Wednesday, shares in Durham, North Carolina headquartered Argos Therapeutics Inc. ended the session 9.76% higher at $0.45 with a total volume of 322,474 shares traded. The stock is trading 46.46% above its 50-day moving average and 88.36% below its 200-day moving average. Moreover, shares of the Company, which focuses on the development and commercialization of personalized immunotherapies for the treatment of cancer and infectious diseases, have an RSI of 41.54.

On April 19th, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $2 a share to $1.20 a share. The complimentary research report on ARGS can be accessed at:

Alder Biopharma  

On Wednesday, shares in Bothell, Washington headquartered Alder Biopharmaceuticals Inc. recorded a trading volume of 465,473 shares. The stock ended the day 0.46% higher at $21.80. Alder Biopharma's stock has advanced 7.92% in the last one month and 4.31% in the previous three months. The Company's shares are trading above its 50-day moving average by 0.89%. Furthermore, shares of Alder Biopharma, which discovers, develops, and commercializes therapeutic antibodies in the US, Australia, and Ireland, have an RSI of 54.06. Register for free on and download the PDF research report on ALDR at:

Anavex Life Sciences  

New York-based Anavex Life Sciences Corp.'s stock finished Wednesday's session 0.36% higher at $5.65 with a total volume of 252,785 shares traded. Over the last three months and the previous one year, Anavex Life Sciences' shares have gained 18.70% and 2.73%, respectively. The Company's shares are trading above its 200-day moving average by 30.36%. Shares of Anavex Life Sciences, which engages in the development of drug candidates for the treatment of Alzheimer's disease, other central nervous system diseases, pain, and various cancers, have an RSI of 45.89. Get free access to your research report on AVXL at:


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