Technical Snapshots for These Drug Makers Stocks -- Immune Pharma, Zogenix, Shire, and AbbVie

Friday, October 27, 2017 Drug News
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NEW YORK, October 27, 2017 /PRNewswire/ --

If you want a Stock Review on IMNP, ZGNX, SHPG, or ABBV then come over

to and sign up for your free customized report. has lined up four major players in the Drug Manufacturers space for assessment this morning: Immune Pharmaceuticals Inc. (NASDAQ: IMNP),
Zogenix Inc. (NASDAQ: ZGNX), Shire PLC (NASDAQ: SHPG), and AbbVie Inc. (NYSE: ABBV). Pharmaceutical manufacturers develop prescription and over-the-counter products that are used to prevent or treat illnesses in humans or animals. This industry does not include nutritional supplement or cosmetic product manufacturers. Access's complimentary reports for today's stocks line-up at:

Immune Pharmaceuticals 

Shares in Englewood Cliffs, New Jersey headquartered Immune Pharmaceuticals Inc. saw a correction of 7.50%, ending Thursday's trading session at $0.85. The stock recorded a trading volume of 695,440 shares. The Company's shares are trading 33.34% below their 50-day moving average. Moreover, shares of Immune Pharma, which develops therapeutic agents in the fields of immuno-inflammation, dermatology, and immuno-oncology, have a Relative Strength Index (RSI) of 28.92. Visit us today and access your complete report on IMNP for free at:


Emeryville, California headquartered Zogenix Inc.'s stock climbed 1.58%, closing the day at $38.65 with a total trading volume of 635,703 shares. The Company's shares have skyrocketed 175.09% in the past month, 210.44% in the previous three months, and 218.11% since the start of this year. The stock is trading 67.78% and 166.58% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Zogenix, which develops and commercializes therapies for the treatment of central nervous system disorders in the US, have an RSI of 70.02.  

On October 03rd, 2017, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $28 a share to $51 a share.

On October 05th, 2017, Zogenix announced the closing of its previously announced underwritten public offering of 7,705,000 shares of its common stock, including 1,005,000 shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares, at a price to the public of $37.50 per share. The gross proceeds from the offering, before underwriting discounts and commissions and offering costs, are $288,937,500. The complimentary research report on ZGNX can be accessed at:


On Thursday, shares in Dublin, Ireland headquartered Shire PLC recorded a trading volume of 1.74 million shares, which was higher than their three months average volume of 1.16 million shares. The stock ended the day 3.79% lower at $138.24. The Company's shares are trading below their 50-day moving average by 8.63%. Furthermore, shares of Shire, which together with its subsidiaries, researches, develops, licenses, manufactures, markets, distributes, and sells pharmaceutical products, have an RSI of 29.40.

On October 19th, 2017, research firm FBR & Co. initiated a 'Buy' rating on the Company's stock, with a target price of $201 per share.

On October 26th, 2017, Shire announced that the European Commission has approved a label extension granting a new indication for FIRAZYR® (icatibant injection), broadening its use to adolescents and children aged two years and older with hereditary angioedema (HAE) caused by C1-esterase-inhibitor (C1-INH) deficiency. FIRAZYR has been approved in the European Union since 2008 for symptomatic treatment of acute attacks of HAE in adults with C1-INH deficiency. Register for free on and download the research report on SHPG at:


North Chicago, Illinois-based AbbVie Inc.'s stock dropped 2.41%, finishing yesterday's session at $89.56. A total volume of 10.27 million shares was traded, which was above their three months average volume of 6.56 million shares. The Company's shares have advanced 5.68% in the last one month, 27.14% in the previous three months, and 43.02% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.98% and 26.10%, respectively. Additionally, shares of AbbVie, which discovers, develops, manufactures, and sells pharmaceutical products worldwide, have an RSI of 50.66.

On October 02nd, 2017, research firm Leerink Partners upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.

On October 25th, 2017, AbbVie announced that Health Canada has approved the inclusion of nail psoriasis data in the HUMIRA Product Monograph. HUMIRA is approved for use in adult patients with chronic moderate to severe plaque psoriasis. This label update for HUMIRA stemmed from the results of the Nail Psoriasis Pivotal Trial M13-674, a trial specifically evaluating two primary endpoints of nail psoriasis. Get free access to your research report on ABBV at:


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