Today’s Research Reports on Trending Tickers: Cyclacel Pharmaceuticals and MannKind Corporation
All three major indexes reached record highs Tuesday as investor’s concerns over rising geopolitical tensions and damage from hurricanes have subsided. The Dow Jones Industrial Average gained 0.28 percent to close at a record 22,118.86, while the S&P 500 Index increased 0.34 percent to close at a record 2,496.48. The Nasdaq Composite Index also rose 0.34 percent to close at a record 6,454.28. Financial stocks spiked Tuesday as the benchmark 10-year Treasury yield rallied to close at 2.171 percent. The Financial Select Sector SPDR Fund exchange-traded fund gained 1.1 percent on Tuesday.
“As long as these two issues – North Korea and the hurricane – have receded as concerns, it gives investors a green light to focus on stronger fundamentals,” said David Joy, chief market strategist at Ameriprise Financial in Boston.
RDI Initiates Coverage on:
Cyclacel Pharmaceuticals Inc.
Cyclacel Pharmaceuticals stock jumped 12.57% Tuesday, to close the day at $1.88. The stock recorded a trading volume of 2,251,909 shares, which was above its three months average volume of 403,625 shares. In the last year Cyclacel Pharmaceuticals shares have traded in a range of 1.56 – 10.90. The share price has gained 20.51% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $1.68 is below its 200-day moving average of $3.73. Shares of Cyclacel Pharmaceuticals have fallen approximately 64.46 percent year-to-date.
Access RDI’s Cyclacel Pharmaceuticals Inc. Research Report at:
On Tuesday, shares in MannKind recorded a trading volume of 4,382,364 shares, which was above the three months average volume of 2,463,780 shares. The stock ended the day 9.31% higher at 2.23. The share price has gained 232.84% from its 52 week low with a 52 week trading range of 0.67 – 4.35.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $1.48 is at its 200-day moving average of $1.48. Shares of MannKind are trading at a Price to Earnings ratio of 1.68. Shares of MannKind have fallen approximately 29.95 percent year-to-date.
Access RDI’s MannKind Corporation Research Report at:
Our Actionable Research on Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) and MannKind Corporation (NASDAQ:MNKD) can be downloaded free of charge at Research Driven Investing.
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