Today’s Research Reports on Trending Tickers: Corbus Pharmaceuticals and Imprimis Pharmaceuticals
U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.
"We’ve had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," said Art Hogan, chief market strategist at B. Riley FBR. "You’re also seeing some cracks in the global story with interest rates rising."
RDI Initiates Coverage on:
Corbus Pharmaceuticals Holdings Inc.
Imprimis Pharmaceuticals, Inc.
Corbus Pharmaceuticals stock fell 11.89% Tuesday, to close the day at $8.15. The stock recorded a trading volume of 4,306,752 shares, which was above its three months average volume of 789,806 shares. In the last year, Corbus Pharmaceuticals shares have traded in a range of 5.30 – 10.50. The share price has gained 53.77% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $7.83 is greater than its 200-day moving average of $7.06. Shares of Corbus Pharmaceuticals have gained roughly 14.79 percent in the past month.
Access RDI’s Aetna Inc. Research Report at:
On Tuesday, shares of Imprimis Pharmaceuticals recorded a trading volume of 19,711,330 shares, which was above the three months average volume of 174,822 shares. The stock ended the day 14.29% higher at 1.92 after the company reported that it will make available 2 glaucoma drugs that are now on FDA’s drug shortage list. The share price has gained 42.22% from its 52 week low with a 52 week trading range of 1.35 – 4.69. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $1.68 is below its 200-day moving average of $1.85. Shares of Imprimis Pharmaceuticals have gained roughly 12.94 percent in the past month.
Access RDI’s Imprimis Pharmaceuticals, Inc. Research Report at:
Our Actionable Research on Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) and Imprimis Pharmaceuticals, Inc. (NASDAQ:IMMY) can be downloaded free of charge at Research Driven Investing.
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