VIVUS, Inc (NASDAQ:VVUS)’s shares surged by 7.25%, ProShares UltraShort Oil & Gas (NYSEARCA:DUG)

Posted by Kristi Scott May 24, 2013 0 Comment 747 views


VIVUS, Inc (NASDAQ:VVUS): Thursday’s trading session saw VIVUS, Inc (NASDAQ:VVUS) rising up 7.25% and closed at $14.50. It opened at a price of $13.40 which touched an intraday high of $15.04, before moving down to close at $13.12 per share. In the previous day’s trading session, around 6.74 million shares were traded. This number was more than the average volume of 2.56 million that was measured over a 30-day period.

VIVUS, Inc (NASDAQ:VVUS) is a bio-pharma company. It is engaged in the commercialization and development of therapies that address unmet needs in sleep apnea, obesity, sexual health and diabetes. Its drug Qsymia (phentermine and topiramate extended-release), was approved by the U.S Food and Drug Administration for obesity treatment. This was to be used in conjunction with increased physical activity and a reduced-calorie diet for weight management in adult patients. The criteria were that the person should have an initial BMI of 30 or greater, or 27 or greater. This has to be in addition to the presence of a minimum one weight-related comorbidity, such as type 2 diabetes mellitus, hypertension or high cholesterol (dyslipidemia). Qsymia incorporates low doses of active ingredients from it two drugs phentermine and Topiramate that had been previously approved

ProShares UltraShort Oil & Gas (NYSEARCA:DUG): Thursday’s trading session saw ProShares UltraShort Oil & Gas (NYSEARCA:DUG) rising 0.19% and closed at $15.42. It opened at a price of $15.80 which touched an intraday high of $15.84, before moving down to close at $15.40 per share. In the previous day’s trading session, around 0.093 million shares were traded.

ProShares UltraShort Oil & Gas (NYSEARCA:DUG) seeks daily investment results. These results correspond to two times the inverse daily-performance of the Dow Jones U.S. O&G Index. This Index measures the total performance of the oil and gas industry of the U.S equity market. Its component companies include oil drilling services and equipment, oil companies (secondary and major), liquid, pipelines, gaseous or solid fossil fuel service companies and producers.  ProShares UltraShort Oil & Gas (NYSEARCA:DUG) takes positions in financial instruments and/or securities that, in conjunction with each other, should have daily return characteristics that are similar to  -200% of the daily return of the index.

 


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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