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Biotech Stocks In A Gaining Stream – NASDAQ:DNDN, NASDAQ:ARNA, NASDAQ:ITMN, NASDAQ:CELG

on 16/01/2013

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Stocks that are being watched this morning are: DNDN, ARNA, ITMN, CELG

Dendreon Corporation (NASDAQ:DNDN) announced initial revenues for the fiscal fourth quarter. The company expects net product revenue for the quarter of almost $85.5 million which holds almost a $3.8 million favorable adjustment to the chargebacks reserve of the company due to a change in estimation.

Dendreon Corporation’s percentage change advanced 0.94% to close at $6.47 with the total traded volume of 8.27 million shares, as compared to average volume of 6.63 million shares. The Company’s lowest price during last trade was $6.30 while its highest price was $6.51 for the day.

How Should Investors Trade DNDN Now? Don’t Trade DNDN Until You Read This TREND ANALYSIS REPORT

DNDN’s total market capitalization is $998.43 million, along with 154.32 million shares outstanding. Its beta value stands at 3.89 points and its earning per shares remained $-2.13.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) reported an upsurge of 5.97% after opening at the price of $10.34. Its closing price for the day was $10.81.

ARNA’s total trading volume for the day was 27.97 million shares versus its average volume of 8.49 million shares. The Company’s current market capitalization stands at $2.35 billion along with 217.29 million shares.

If we look at the previous 5 day’s performance of the stock, it remained reported the gain of 20.11%, while in its last one month’s trade it surged 17.76%. Arena Pharmaceuticals’  earning per share is $-0.53 while its beta value stands at 0.24 times.

How Should Investors React To ARNA Now? Find Out In This TREND ANALYSIS REPORT

InterMune, Inc. (NASDAQ:ITMN) percentage change advanced 0.50% to close at $10.04 with the total traded volume of 5.87million shares, as compared to average volume of 1.06 million. Its market capitalization is $662.80 billion and EPS was $-2.92. ITMN’s shares were trading within the range of $9.19-$10.20 while its opening price was $9.27.

If we look at its previous three months trade, it surged 27.41%, while in the last 5 day’s it remained down-3.37%.

Get A Free Report And Detailed Analysis On ITMN CLICK HERE To Read

InterMune, Inc. (NASDAQ:ITMN) has planned to offer 12.5 million shares of its common stock in contemporary backed public offerings. The company also has granted a 30 days option to its underwriters to purchase up to 1,875,000 shares additional to cover any over allotment.

Celgene Corporation (NASDAQ:CELG) reported the increase of 1.76% and closed at $99.39 with the total traded volume of 6.61 million shares. The stock’s opening price was $97.90. The company has the total of 422.99 million outstanding shares and its total market capitalization is $42.04 billion.

The 52-week price range of the stock remained $58.53 – $99.51, while during last trade its minimum price was $97.22 and it gained its highest price of $99.51. The Company’s last 5 days shows an uptrend with a rise of 21.07%.

Is CELG A Solid Investment At These Levels? Find Out Exactly Where CELG Is Headed With This TREND ANALYSIS REPORT

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Source: anotherwinningtrade Posted Wed, January 16, 2013 15:01 - Permalink