This morning's research directs the attention of Stock-Callers.com to the following Generic Drugs stocks: Zoetis Inc. (NYSE: ZTS), Mallinckrodt PLC (NYSE: MNK), Akorn Inc. (NASDAQ: AKRX), and MYOS RENS Technology Inc. (NASDAQ: MYOS). These companies belong to the Healthcare sector, which edged higher just before the closing bell on Friday, February 24th, 2017. As per a NASDAQ report, the NYSE Health Care Index rose less than 0.1%, while shares of health care companies in the S&P 500 were up slightly more than 0.2% as a group. Download the free research reports on these stocks today:
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Zoetis
New Jersey headquartered Zoetis Inc.'s stock climbed 0.56%, finishing last Friday's trading session at $53.88. A total volume of 4.82 million shares was traded, which are above their three months average volume of 3.32 million shares. The Company's shares have gained 8.78% over the previous three months and 0.85% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.16% and 6.62%, respectively. Additionally, shares of Zoetis, which engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals in the US and internationally, have a Relative Strength Index (RSI) of 46.07.
On February 15th, 2017, Zoetis announced that the European Commission has granted the Company a license for Stronghold® Plus (selamectin/sarolaner), a topical combination of parasiticides that treats ticks, fleas, ear mites, lice, and gastrointestinal nematodes and prevents heartworm disease in cats. See our free and comprehensive research report on ZTS at:
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Mallinckrodt
Shares in the UK-based Mallinckrodt PLC ended at $53.38, down 2.00% from the last trading session. The stock recorded a trading volume of 1.71 million shares. The Company's shares have advanced 13.36% in the past month and 7.15% on an YTD basis. The stock is trading 5.16% above its 50-day moving average. Moreover, shares of Mallinckrodt, which develops, manufactures, markets, and distributes branded and generic specialty pharmaceutical products and therapies in the US, Europe, the Middle East, Africa, and internationally, have an RSI of 58.86.
On February 07th, 2017, Mallinckrodt reported results for the transition period from October 01st, 2016 to December 30th, 2016. The last quarter of calendar year 2016 was the planned transition period as the Company aligns to a calendar-based financial year. Mallinckrodt will continue its "4/5/4" reporting convention with the first fiscal year ending December 29th, 2017. Mallinckrodt's net sales were $829.9 million in the transition period, up 2.3% on a y-o-y basis. The Company's GAAP gross profit was $445.8 million in the transition period with gross profit as a percentage of net sales of 53.7% compared to 55.6% on a y-o-y basis.
On February 22nd, 2017, research firm Canaccord Genuity initiated a 'Buy' rating on the Company's stock, with a target price of $91 per share. MNK free research report PDF is just a click away at:
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Akorn
On Friday, shares in Illinois headquartered Akorn Inc. recorded a trading volume of 1.46 million shares. The stock declined 1.39%, closing the day at $21.28. The Company's shares have gained 6.99% in the last one month. The stock is trading 1.27% above its 50-day moving average. Additionally, shares of Akorn, which develops, manufactures, and markets generic and branded prescription pharmaceuticals, as well as private-label over-the-counter consumer health products and animal health pharmaceuticals in the US and internationally, have an RSI of 53.28.
On February 06th, 2017, Akorn announced plans to issue a press release on March 01st, 2017 outlining Q4 and full year 2016 results. In addition, the Company will host a conference call at 10:00 am ET on the same day to discuss these results. Sign up for your complimentary report on AKRX at:
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MYOS RENS Technology
At the close of trading on Friday, shares in New Jersey-based MYOS RENS Technology Inc. recorded a trading volume of 256,711 shares. The stock finished the session 7.12% lower at $2.74. The Company's shares have surged 68.09% in the previous three months and 132.19% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.28% and 41.75%, respectively. Furthermore, shares of MYOS RENS Technology, which focuses on the discovery, development, and commercialization of nutritional and therapeutic products for maintaining and improving the health and performance of muscle tissue, have an RSI of 45.57.
On February 14th, 2017, MYOS announced that its Board of Directors has adopted a shareholder rights plan. The Board adopted the Rights Plan to ensure that the Board remains in the best position to perform its fiduciary duties and enable all of the Company's shareholders to receive fair and equal treatment. The rights will expire on February 14th, 2020. Register for free on Stock-Callers.com and download the latest research report on MYOS at:
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