Biotech Stocks Under Scanner -- Rexahn Pharma, Northwest Biotherapeutics, Celldex Therapeutics, and Vertex Pharma
NEW YORK, March 31, 2017 /PRNewswire/ --
Stock-Callers.com has issued research reports on the following equities: Rexahn Pharmaceuticals Inc. (NYSE MKT: RNN), Northwest Biotherapeutics Inc. (NASDAQ: NWBO), Celldex Therapeutics Inc. (NASDAQ: CLDX), and Vertex Pharmaceuticals Inc. (NASDAQ: VRTX). According to a report on Investor's Business Daily, despite a stumble in March, the SPDR S&P Biotech and iShares Nasdaq Biotechnology ETFs are holding on to double-digit gains for the first quarter versus 12% for the S&P 500. You can access our complimentary research reports on these stocks now at:
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Rexahn Pharma
Shares in Rockville, Maryland-based Rexahn Pharmaceuticals Inc. rose 0.42%, ending Thursday's trading session at $0.48. The stock recorded a trading volume of 1.80 million shares. The Company's shares have surged 96.25% in the last one month, 226.78% over the last three months, and 239.68% on an YTD basis. The stock is trading 70.22% and 109.99% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Rexahn Pharma, which discovers, develops, and commercializes treatments for cancer, have a Relative Strength Index (RSI) of 69.37. Visit us today and download your complete report on RNN for free at:
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Northwest Biotherapeutics
Bethesda, Maryland headquartered Northwest Biotherapeutics Inc.'s stock declined 0.82%, closing the day at $0.24, with a total trading volume of 723,758 shares. The Company's shares are trading 35.26% below their 50-day moving average. Shares of the Company, which discovers and develops immunotherapy products to treat cancer in the US and internationally, have an RSI of 33.12.
On March 23rd, 2017, Northwest Biotherapeutics announced that the Company has closed on the $7.5 million financing it announced on Friday, March 17th, 2017. The Company sold to several institutional investors securities totaling 28,843,692 shares. The arrangement is to enable investors to avoid exceeding 4.99% ownership while still funding $7.5 million. The complimentary research report on NWBO can be accessed at:
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Celldex Therapeutics
On Thursday, shares in Hampton, New Jersey headquartered Celldex Therapeutics Inc. recorded a trading volume of 3.81 million shares, which was higher than their three months average volume of 1.96 million shares. The stock ended the day 2.96% lower at $3.60. The Company's shares have advanced 1.12% in the past month, 0.56% in the previous three months, and 1.69% on an YTD basis. The stock is trading above its 50-day moving average by 5.48%. Furthermore, shares of Celldex Therapeutics, which focuses on the development and commercialization of several immunotherapy technologies and other cancer-targeting biologics, have an RSI of 57.32.
On March 14th, 2017, Celldex Therapeutics reported business and financial highlights for Q4 2016 and the year ended December 31st, 2016. For Q4, total revenue was $1.9 million, R&D expenses were $24.6 million, and net loss was $32.3 million. For the full year, total revenue was $6.8 million, R&D expenses were $102.7 million, and net loss was $128.5 million. Register for free on Stock-Callers.com and download the PDF research report on CLDX at:
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Vertex Pharma
Boston, Massachusetts headquartered Vertex Pharmaceuticals Inc.'s stock dropped 0.67%, finishing yesterday's session at $107.29. A total volume of 3.02 million shares was traded, which was above their three months average volume of 1.82 million shares. The Company's shares have advanced 18.80% in the last one month, 43.84% in the previous three months, and 45.64% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 20.91% and 22.36%, respectively. Additionally, shares of Vertex Pharma, which discovers, develops, manufactures, and commercializes medicines for serious diseases, have an RSI of 77.38.
On March 17th, 2017, research firm JMP Securities upgraded the Company's stock rating from 'Market Perform' to 'Market Outperform'.
On March 28th, 2017, Vertex Pharmaceuticals announced results from two Phase-3 studies of the tezacaftor (VX-661) / ivacaftor combination treatment that showed statistically significant improvements in lung function in people with cystic fibrosis ages 12 and older who have certain mutations in the cystic fibrosis transmembrane conductance regulator gene. Get free access to your research report on VRTX at:
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