Today’s Research Reports on Trending Tickers: Akorn and Momenta Pharmaceuticals
U.S. markets made it in the green on Thursday, pushed higher by rally in information technology and telecom stocks, covering continued uncertainty over trade policy. The Dow Jones Industrial Average gained 0.91 percent to close at 24,924.89, while the S&P 500 Index increased 0.87 percent to close at 2,798.29. The Nasdaq Composite Index jumped 1.39 percent to close at 7,823.92.
Head of small and mid-cap equities at Aberdeen Standard Investments, Ralph Bassett said, “The market is breathing a sign of relief despite some pretty intense headlines recently. We’re seeing technology pick up, and other areas more broadly as well, as fundamentals remain very good.”
RDI Initiates Coverage on:
Momenta Pharmaceuticals, Inc.
Akorn’s stock jumped 7.8% Thursday, to close the day at $19.21. The stock recorded a trading volume of 7,037,721 shares, which was above its three months average volume of 3,003,311 shares. In the last year, Akorn’s shares have traded in a range of 10.76 – 33.73. The share price has gained 78.53% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $15.50 is below its 200-day moving average of $21.23. Shares of Akorn have gained roughly 31.85 percent in the past month and are down 40.4 percent year-to-date.
Access RDI’s Akorn, Inc. Research Report at:
On Thursday, shares of Momenta Pharmaceuticals recorded a trading volume of 894,683 shares, which was above the three months average volume of 624,890 shares. The stock ended the day 6.9% higher at $26.35. The share price has fallen 1.31% from its 52 week high with a 52 week trading range of 11.85 – 26.70. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $22.81 is above its 200-day moving average of $18.66. Shares of Momenta Pharmaceuticals have gained roughly 13.09 percent in the past month and are up 88.89 percent year-to-date.
Access RDI’s Momenta Pharmaceuticals, Inc. Research Report at:
Our Actionable Research on Akorn, Inc. (NASDAQ:AKRX) and Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) can be downloaded free of charge at Research Driven Investing.
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