Are These Stocks Looking To Rally? Imperial Tobacco Group Plc (ITYBY), Inovio Pharmaceuticals Inc (INO) and Celladon Corp (CLDN)
New York, NY – GDP INSIDER – 04/09/2015.
This article discusses three companies: Imperial Tobacco Group Plc (ADR) (OTCMKTS:ITYBY), Inovio Pharmaceuticals Inc (NASDAQ:INO) and Celladon Corp (NASDAQ:CLDN)
Imperial Tobacco Group Plc (ADR) (OTCMKTS:ITYBY) climbed slightly yesterday to close up 0.19% or $0.18 at $94.16 on lower than average trading volume of 0.020 million shares, compared to its 30 day average trading volume of 0.039 million. The UK based tobacco product manufacturer has been having a relatively good year with the stock up 7.61% so far and has been consistently outperforming the S&P 500, which is only up 1.12% for the same period. With pressure continuing to grow on the tobacco industry and a one year target estimate of $66, it is better to steer clear than invest.
Inovio Pharmaceuticals Inc (NASDAQ:INO) continued to climb yesterday with the stock gaining 7.05% or $0.64 to close at $9.72 on high trading volume of 2.27 million shares, compared to its 30-day average trading volume of 1.01 million. The US-based clinical stage biopharmaceutical company has been outperforming the S&P 500 since the beginning of this year, with the stock up 5.88% compared to the index which is up 1.12% over the same period. With a one year price target estimate of $20.80 and quarterly earnings growth (yoy) of 47.10% the stock has good upside potential, making it a hold.
Celladon Corp (NASDAQ:CLDN) lost $0.74 to finish the day at a closing price of $17.52, an 4.05% decrease in value from its previous closing price. The $435.10 million market cap company had a high trading volume of 1.31 million yesterday, a figure which is substantially higher than its three month average trading volume of 0.775 million. Celladon Corp’s decrease in value came despite the fact that the company did not make any significant announcements or release any financial figures. The stock is currently holding 11.30% below its 50-day moving average of $19.75 and 19.41% above its 200-day moving average of $14.69.
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