Today's Technical View: Elan Corp., Amarin, Seattle Genetics, and Cubist
Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 5, 2013
LONDON, July 5, 2013 /PRNewswire/ --
On Wednesday, July 3, 2013, shares in biotechnology companies and drug
manufacturers ended mostly lower even as the broader market posted modest
gains. The major movers in the sector included Elan Corporation Plc (ADR)
(NYSE: ELN), Amarin Corporation Plc (ADR) (NASDAQ: AMRN), Seattle Genetics
Inc. (NASDAQ: SGEN), and Cubist Pharmaceuticals Inc. (NASDAQ: CBST). All these
companies are tracked by AAAResearchReports.com. Free in-depth technical
analysis on ELN, AMRN, SGEN, and CBST are currently available upon sign up at:
Shares in Elan Corporation Plc struggled on Wednesday even as the broader
market posted gains. The company's shares oscillated between $14.05 and $14.22
before closing the day 0.70% lower at $14.12. A total of 3.65 million shares
were traded which is below the daily average volume of 15.85 million. The
company's shares are still trading near their 52-week high of $14.80. In the
last three months, the stock has gained 21.62%, thus outperforming the S&P 500
which gained 3.55% in the same period. Sign up for free technical analysis on
Amarin Corporation Plc's stock rose sharply on Wednesday, finishing at $5.83,
up 2.10% from its previous closing price. The company's shares oscillated
between $5.59 and $5.86. A total of 1.45 million shares were traded which is
less than its daily average volume of 3.71 million. Despite Wednesday's rally,
the company's shares are still trading near their 52-week low of $5.36. In the
last one month, the stock has fallen 15.63%. Download free report on AMRN by
Shares in Seattle Genetics Inc. edged lower on Wednesday, reversing some of
their gains for the week. The company's shares ended the day 0.27% lower at
$33.52 after fluctuating between $33.31 and $33.97. A total of 536,902 shares
were traded which is less than the daily average volume of 1.24 million. The
stock has fallen 0.33% in the last one month. The free report on SGEN can be
downloaded by signing up now at:
Cubist Pharmaceuticals Inc.'s stock ended slightly lower on Wednesday. The
stock closed the day at $52.48, down 0.08% from its previous closing price.
The company's shares oscillated between $51.87 and $53.17. A total of 745,494
shares were traded which is below the daily average volume of 1.19 million.
The company's shares are currently trading near their 52-week high of $56.68.
Moreover, the stock is trading above its 50-day and 200-day moving averages.
In the last three months, the company's shares have gained 14.11%, thus
outperforming the S&P 500. A free report on CBST can be accessed by
1.This is not company news. We are an independent source and our views do
not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
basis and reviewed by a CFA. However, we are only human and are prone to
make mistakes. If you notice any errors or omissions, please notify us
3.This information is submitted as a net-positive to companies mentioned, to
increase awareness for mentioned companies to our subscriber base and the
4.If you wish to have your company covered in more detail by our team, or
wish to learn more about our services, please contact us at
5.For any urgent concerns or inquiries, please contact us at
6.Are you a public company? Would you like to see similar coverage on your
company? Send us a full investors' package to
research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.
SOURCE AAA Research Reports
Contact: AAAresearchreports.com Phone #: +1(646)396-9126
Press spacebar to pause and continue. Press esc to stop.