Should Day Traders Consider ISIS Pharmaceuticals, Inc. (ISIS), Pandora Media Inc (P), and Invivo Therapeutics Holdings Corp (NVIV)?
New York, NY – GDP INSIDER – 12/17/2014.
This investment analysis article discusses ISIS Pharmaceuticals, Inc.(NASDAQ:ISIS), Pandora Media Inc(NYSE:P), and Invivo Therapeutics Holdings Corp(OTCMKTS:NVIV)
ISIS Pharmaceuticals, Inc.(NASDAQ:ISIS) announced yesterday that it had begun a study of ISIS-DMPK in patients with DM1, a neuromuscular disorder. The drug is intended to reduce toxic DMPK RNA, the cause of the disease. The stock has traded within a range of $22.25 to $65.13 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $54.94 after a 3.5% loss of $1.99. While the company’s price remains relatively stable, ISIS Pharmaceuticals does have a beta of 1.63. This figure indicates that the stock is 63% more volatile than the market.
Pandora Media Inc(NYSE:P) presented at the BMO Capital Markets 2014 Technology & Digital Media Conference in New York City on Dec. 9th, 2014. The stock traded for a new 52 week low of $16.61 yesterday before finishing the day at a closing price of $16.90 after a 1.69% loss of twenty-nine cents. Pandora Media also has an earnings per share (TTM) of $–0.11, which could scare off potential investors. That being said, its one-year target estimate of $29.43 is $12.53 higher than its most recent closing price.
Invivo Therapeutics Holdings Corp(OTCMKTS:NVIV) announced yesterday that it had been approved by the FDA to initiate an expedited enrollment plan for the company’s Neuro-Spinal Scaffold pilot trial. Per the agreement, the company will be submitting two months of safety data to the FDA. The company has a beta of 1.13, which indicates that the stock is 13% more volatile than the market. Invivo also had a trading volume of 0.9 million yesterday, which is 0.35 million greater than its three month average volume of 0.55 million.
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