Stocks Rebounding: A.P. Pharma, Inc. (OTC:APPA), Trina Solar Limited (ADR) (NYSE:TSL), Cytokinetics, Inc. (NASDAQ:CYTK)
Northern, WI 04/24/2013 (GDPInsider) – A.P. Pharma, Inc. (OTC:APPA) opened trading at $0.32 and is presently up 9.38%. Trading range is $0.32 and 0.36 with a volume of 451.4K. The stock is recovering from the dip suffered when the FDA rejected approval for the company’s anti-nasseu drug. APPA is up 24.64% on its 52-week low but still down 60.79% on its 52-week high. The RSI of the stock is 32.51 and the stock is presently trading 35.80% below its 52-week low. EPS this year is expected to rise by 58.41% and no consensus has yet being made by analysts on a target price for APPA. The stock has a negative EPS of $0.10 and presently 50.17% of shares in the company are owned by institutions.
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Trina Solar Limited (ADR) (NYSE:TSL) opened the day’s trading at $4.33 and is up 3.01%. The trading range of the stock is presently $4.32 and $4.50 and volume is 477.09K. TSL is down 44.44% on its 52-week high but up 117.60% on its 52-week low. The stock is currently trading 6.65% above its 50-day moving average but a healthier 14.69% above its 20-day moving average. The company has an earnings call reporting date of May 20, 2013 and EPS this year is expected to fall by 602.14%. There are 78.92 million shares outstanding and 63.78% of shares are owned by institutions. The stock has an RSI of 61.23 and the technical chart has shown a northward slope since the start of April 2013.
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Cytokinetics, Inc. (NASDAQ:CYTK) opened trading for the day at $1.37 and is presently trading down 5.84%. Volume in the stock is 478.98K and the trading range is $1.30 and $1.37. Cytokinetics is expected to report first quarter earnings on April 30 and many analysts have commented on the company’s prospects with its congestive heart failure drug, omecamtiv mecarbil. The company is presently conducting a phase III clinical study with the drug and analysts believe a successful trial and the commercialization of the drug could net as much as $300 million for Cytokinetics. Sales have risen quarter on quarter by 188.51% and the EPS this year is expected to rise by 46.45%.
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