Do Vivus, Inc (VVUS), Ariad Pharmaceuticals Inc (ARIA) and Ceres Inc (CERE) Offer Interesting Investment Opportunities?
New York, NY – GDP INSIDER – 03/18/2015.
This article discusses three companies: Vivus Inc (NASDAQ:VVUS), Ariad Pharmaceuticals Inc (NASDAQ:ARIA) and Ceres Inc (NASDAQ:CERE)
Vivus, Inc (NASDAQ:VVUS) fell back yesterday to close down 2.61% or $0.08 at $2.98 on heavy trading of 4.273 million shares, compared to its three month average trading volume of 2.406 million. The next generation obesity therapy developer has been trending slowly upwards over the last week, after sales of its anti-obesity agent Qsymia became the top performer in its niche, with over 11,000 prescriptions sold for the first week in March. With positive diverging MACD, Vivus Inc has the potential to keep climbing and could accelerate its gains, making it a hold with a view to buy.
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) continued to climb yesterday reaching a new 52 week high of $8.78 before falling back slightly to close up 0.23% or $0.02 at $8.72 on low trading volume of 3.827 million shares. The small molecule cancer treatment developer has been climbing since last week when a potentially damaging lawsuit over the drug Iclusig was finally dismissed in federal court after more than a year of legal dispute. With RSI now at 72.50 it is unclear how much further the stock will climb at this time so at best a hold at this time.
Ceres Inc (NASDAQ:CERE) the biotechnology company specialized in the development of seeds for energy crops, fell 2.53% or $0.0101 yesterday to close at $0.3899 on heavy trading of 2.492 million shares, compared to its three month average trading volume of 0.961 million. Ceres Inc had a big gain on Monday jumping from $0.33 to $0.52 after it announced it had signed a multi-year collaboration agreement with Raizen S.A.to produce sweet sorghum, a key ingredient in ethanol, but has been falling back since. Even so, it has interesting potential making it a hold at this time.
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