Where Are These Stocks Headed? Merrimack Pharmaceuticals Inc (MACK), HCP, Inc. (HCP) and Endurance International Group Hldgs Inc (EIGI)
New York, NY – GDP INSIDER – 04/10/2015.
This article discusses three companies: Merrimack Pharmaceuticals Inc (NASDAQ:MACK), HCP, Inc. (NYSE:HCP) and Endurance International Group Hldgs Inc (NASDAQ:EIGI)
Merrimack Pharmaceuticals Inc (NASDAQ:MACK) had a low day’s trading with 1.090 million shares changing hands compared to its three month average trading volume of 1.46 million. The stock traded between $11.84 and $12.40 before closing at its opening price of $12.34 with no change on the day. The shares of Merrimack Pharmaceuticals Inc have been performing well since the beginning of the year with the stock gaining 145.40%, far outperforming the S&P 500 which has gained 14.08% for the same period. The RSI and MFI are 56.59 and 59.57, respectively. Both of these indicate the bullish move could continue, and the technical are not yet indicating any near term reversal, making it a hold with a view to buy.
HCP, Inc. (NYSE:HCP) dropped yesterday with the stock closing down 2.50% or $1.10 to finish the day at a closing price of $42.82 on low trading volume of 2.85 million, compared to its 30 day average trading volume of 3.80 million. The $20.10 billion market cap company, which invests in real estate serving the healthcare industry in the United States, currently stands at a weekly performance of -1.79%, monthly performance of 5.39% and quarterly performance of -8.01%. With EPS of $1.94 and one year target price estimate of $44.29, the stock has a good upside potential, hold.
Endurance International Group Hldgs Inc (NASDAQ:EIGI) continued to climb yesterday with the stock gaining 4.90% or $0.98 to finish the day at a closing price of $20.98 with more than 3.258 million shares changing hands, compared to its three month average trading volume of 0.817 million. Over the past one week and over the past one month, the shares of Endurance International Group Hldgs Inc have gained 6.71% and 9.33%, respectively. Further, the stock has been outperforming the S&P 500 since the beginning of the year, with the stock up 13.84% YTD, compared to the index which is up 1.57% over the same period, making it a solid hold with a view to buy.
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