MannKind Corporation (NASDAQ:MNKD) shares surged by 2.75%, Alcoa Inc (NYSE:AA)

Posted by Lacee Page May 29, 2013 0 Comment 1604 views


MannKind Corporation (NASDAQ:MNKD): Tuesday’s trading session saw MannKind Corporation (NASDAQ:MNKD) rising by 2.75%. The opening price of $6.36 climbed to an intraday high of $6.79 before settling down to close at $6.36 per share. Around 8.65 million shares were traded in the last trading session, which stood above the average volume of 6.71 million that was measured over 30 days.

MannKind Corporation (NASDAQ:MNKD) is a development stage bio-pharma company. It spotlights discovery, development as well as the commercialization of numerous innovative therapeutic products. These therapeutic products are used in the treatment of chronic and life-threatening diseases such as cancer and diabetes. MNKD’s product candidate, AFREZZA is an inhalation powder that is essentially insulin. It is currently in late-stage clinical investigation for treating adults who suffer either from type I or type II diabetes.

It is also used for controlling hyperglycemia. AFREZZA inhalation powder is based on a class of possibly hydrogen-sensitive organic molecules. It utilizes MannKind Corporation (NASDAQ:MNKD)‘s Technosphere formulation technology. As of 31 December 2011, the company had not generated any particular product revenues.

Alcoa Inc (NYSE:AA): Tuesday’s trading session saw Alcoa Inc (NYSE:AA) rising by 1.30%. The opening price of $8.58 climbed to an intraday high of $8.61 before settling down to close at $8.51 per share. Around 18.45 million shares were traded in the last trading session, which stood above the average volume of 16.95 million that was measured over 30 days.

Alcoa Inc (NYSE:AA) is involved in producing and managing  primary aluminum, fabricated aluminum as well as alumina combined. It does this by participating in technology, mining and refining. Alcoa Inc (NYSE:AA) is also engaged in fabricating, smelting and recycling. The products that the company manufactures are used across the world in aircraft, automobiles and commercial transportation. These products are also used in building, packaging, defense, oil and gas, construction, industrial applications and consumer electronics. Alcoa Inc (NYSE:AA) is a global company that operates in 31 different countries.

The company’s operations are made up of four international reportable segments: Alumina, Flat-Rolled Products, Primary Metals, Engineered Products and Solutions. On 9 March 2011, Alcoa Inc (NYSE:AA) completed the acquisition of TransDigm Group Inc’s aerospace fastener business.


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Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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