Are Lexicon Pharmaceuticals, Inc.(NASDAQ:LXRX), McDermott International(NYSE:MDR) And Medgenics Inc(NYSEMKT:MDGN) Good Mid-day Trading Option?
New York, NY – GDP INSIDER – 11/24/2014.
This article discusses three companies: Lexicon Pharmaceuticals, Inc.(NASDAQ:LXRX), McDermott International(NYSE:MDR) and Medgenics Inc(NYSEMKT:MDGN)
Texas based pharmaceutical company, Lexicon Pharmaceuticals, Inc.(NASDAQ:LXRX), traded as little as $0.90 to close to a new 52 week during Friday’s trading. The stock, which traded within a range of $0.90 to $0.96 during the day, had traded 20.5 million shares compared to 3 months average trading volume of 1.06 million, a figure that shows the investor’s spiking interest in the company. The company has recently partnered up with Ipsen, a French drug company, which will market telotristat outside of Japan and North America.
McDermott International(NYSE:MDR) fell five cents to close the day at $4.24,a 1.17% decrease in value during trading on Friday. The new closing price placed the stock 17.78% above its 52 week low of $3.60 and 54.70% further away from its 52 week high of $9.36. The stock’s rating is reiterated as BUY on November 6th, 2014 by the analysts at UBS. About 4.44 million shares traded hands during last session’s trading, a figure which is lower than its 30-day average trading volume of 6.43 million.
Medgenics Inc(NYSEMKT:MDGN) saw its value decline by six cents as the stock fell 1.28% during Friday’s trading to close the trading session at $4.62. The ticker has a market capitalization of $88.50 million and traded within a range of $4.32 to $4.75 during the last trading session. Over the past 3 months, the stock has lost 26.43% in value and 10.65% in it 50-day simple moving average. On 12th November, the company entered into a research agreement with The Children’s Hospital Of Philadelphia (CHOP), according to which the Medgenics Inc is obliged to pay $4,475,765 for research purposes in its first year of the agreement.
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