Early Morning Insight: Pfizer, Merck & Co., Johnson & Johnson, AbbVie, and Zogenix

  Early Morning Insight: Pfizer, Merck & Co., Johnson & Johnson, AbbVie, and

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PR Newswire

LONDON, June 20, 2013

LONDON, June 20, 2013 /PRNewswire/ --

Major drug manufacturers in the U.S., as well as globally, face significant
challenges as they adapt to changing market dynamics. Perhaps the biggest
challenge for major pharma companies is the "patent cliff", which refers to
expiration of patents on several blockbuster drugs. The patent cliff has led
to increasing competition from generic drug companies. It has forced major
drug manufacturers to boost their research & development efforts, and enter
into licensing deals. On Wednesday, June 19, 2013, shares in major drug
manufacturers ended mostly lower, tracking losses in the broader market which
tumbled following the release of Federal Reserve's monetary policy statement.
The major movers in the sector included Pfizer Inc. (NYSE: PFE), Merck & Co.
Inc. (NYSE: MRK), Johnson & Johnson (NYSE: JNJ), AbbVie Inc. (NYSE: ABV), and
Zogenix Inc. (NASDAQ: ZGNX). All these companies are tracked by
AAAResearchReports.com. Download free technical analysis and charting reports
on PFE, MRK, JNJ, ABBV, and ZGNX now at


Shares in Pfizer Inc. fell sharply on Wednesday, tracking losses in the
broader market. The company's shares hit an intraday low of $28.90 before
finishing the day 1.02% lower at $29.10. A total of 121.04 million shares were
traded which is well above the daily average volume of 60.65 million. Pfizer's
shares slipped below their 50-day moving average as a result of yesterday's
pullback. Download free research on PFE today by registering at:


Merck & Co. Inc.'s stock ended slightly lower yesterday, closing at $47.58,
down 0.36% from its previous closing price. The company's shares traded
between $47.45 and $48.17 and a total of 18.00 million shares were traded
which is below the daily average volume of 22.98 million. Merck & Co.'s shares
have fallen by 0.77% so far this week. Besides, the stock is trading below its
50-day and 200-day moving averages.


Shares in Johnson & Johnson moved lower on Wednesday, reversing all of its
gains for the week. The company's shares traded between $84.80 and $86.50
before closing the day at $84.86, down 1.74%. A total of 8.29 million shares
were traded which is below the daily average volume of 9.64 million. Johnson &
Johnson's shares are now down 0.06% for this week. The stock is trading below
its 50-day moving average. Sign up and read the complimentary report on JNJ


AbbVie Inc.'s stock was one of the worst performers in the healthcare sector
yesterday. The company's shares ended the day 1.15% lower at $43.04 after
trading between $43.01 and $43.83. A total of 3.66 million shares were traded
which is below the daily average volume of 5.01 million. AbbVie's shares are
currently trading below their 50-day moving average. In the last three months,
the stock has gained 12.20%, thus outperforming the S&P 500. The free report
on ABBV can be downloaded by signing up now at:


Shares in Zogenix Inc. rallied on Wednesday, extending their gains from
previous trading sessions. The company's shares hit an intraday high of $1.57
before ending the day 4.00% higher at $1.56. A total of 430,026 shares were
traded which is below the daily average volume of 550,452. Zogenix's shares
have risen by over 11.40% in the last three trading sessions. The stock is
trading above its 50-day and 200-day moving averages. Free report on ZGNX can
be accessed by registering at




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