|By PR Newswire||
|March 20, 2014 08:18 AM EDT||
LONDON, March 20, 2014 /PRNewswire/ --
The trading session on Wednesday, March 19, 2014 ended on a negative note as the S&P 500 finished at 1,860.77, down 0.61%; the NASDAQ Composite closed at 4,307.60, down 0.59%; the Dow Jones Industrial Average finished the session 0.70% lower at 16,222.17. The losses were broad based as all the sectors ended the session in negative. The S&P 500 Health Care Sector Index finished the day at 686.44, down 0.37%, while the same has advanced 1.72% in the previous three trading sessions. Investor-Edge has initiated coverage on the following equities: Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Hemispherx Biopharma Inc. (AMEX: HEB), PDL BioPharma Inc. (NASDAQ: PDLI) and Celgene Corp. (NASDAQ: CELG). Free technical research on ARNA, HEB, PDLI and CELG can be downloaded upon signing up at:
Shares in Arena Pharmaceuticals Inc. recorded a trading volume of 3.34 million shares, as compared with a three months average volume of 5.81 million shares. The stock ended the day at $6.52, down 1.29% and at an intraday range of $6.46 and $6.67. Arena Pharmaceuticals Inc. shares have declined 2.91% in the last one month, while the same has gained 0.39% in the previous three trading sessions and 11.37% on YTD basis. The company's stock is trading above its 200-day moving average. Arena Pharmaceuticals Inc.'s 50-day moving average of $6.74 is above the 200-day moving average of $6.39. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 46.11. Sign up today to read free research on ARNA at:
On Wednesday, shares in Hemispherx Biopharma Inc. edged 0.38% lower to finish the day at $0.40. The stock recorded a trading volume of 1.07 million shares as compared to a three months average volume of 3.14 million shares. The stock fluctuated between $0.39 and $0.41 during the session. Hemispherx Biopharma Inc.'s stocks have advanced 1.20% in the previous three trading sessions, 1.90% in the last one month, and 49.92% on YTD basis. The company's shares are trading above its 200-day moving average. Hemispherx Biopharma Inc.'s 50-day moving average of $0.40 is above the 200-day moving average of $0.28. Moreover, the stock is trading at the Relative Strength Index (RSI) of 49.48. Sign up today to read free research on HEB at:
PDL BioPharma Inc.'s stock finished Wednesday's session at its previous day's closing price of $8.61. A total of 4.38 million shares were traded, which is above the three months average volume of 2.74 million. The company's shares oscillated between $8.46 and $8.70 during the trading session. Shares of the company traded at a PE ratio of 4.98. PDL BioPharma Inc.'s shares have gained 4.24% in the previous three trading sessions, 0.94% in the last one month, and 2.01% on YTD basis. The company's stock is trading above its 200-day moving average. PDL BioPharma Inc.'s 50-day moving average of $8.62 is above the 200-day moving average of $8.29. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 53.46. Sign up today to read free research on PDLI at:
Shares in Celgene Corp. recorded a trading volume of 2.85 million shares, as compared with a three months average volume of 3.22 million shares. The stock finished the day at $150.84, down 1.85% after trading between $150.11 and $155.99. Shares of the company traded at a PE ratio of 32.23. Celgene Corp.'s stocks have advanced 0.96% in the previous three trading sessions, while the same has declined 7.46% in the last one month and 10.73% on YTD basis. The company's stock is trading above its 200-day moving average. Celgene Corp.'s 50-day moving average of $160.49 is above the 200-day moving average of $149.04. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 42.27. Sign up today to read free research on CELG at:
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