01.09.2017 12:15:00
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Technical Snapshots for these Drug Delivery Stocks -- Delcath Systems, Valeant Pharma, PetMed Express, and Adamis Pharma
NEW YORK, September 1, 2017 /PRNewswire/ --
If you want a Stock Review on DCTH, VRX, PETS, or ADMP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The market for Drug Delivery technology has expanded rapidly in recent years, with impressive sales growth and important trends, according to a Visiongain report. These technologies provide pharmaceutical companies with novel strategies for the delivery of biologically active drug candidates. This morning, DailyStockTracker.com shifts focus on Delcath Systems Inc. (NASDAQ: DCTH), Valeant Pharmaceuticals International Inc. (NYSE: VRX), PetMed Express Inc. (NASDAQ: PETS), and Adamis Pharmaceuticals Corp. (NASDAQ: ADMP). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
http://dailystocktracker.com/register/
Delcath Systems
Shares in New York headquartered Delcath Systems Inc. saw a slight drop of 0.45%, ending Thursday's trading session at $0.11. The stock recorded a trading volume of 34.22 million shares. The Company's shares have surged 54.69% in the last one month and 453.00% over the last three months. The stock is trading 22.95% below its 50-day moving average. Moreover, shares of Delcath Systems, which focuses on the treatment of primary and metastatic liver cancers, have a Relative Strength Index (RSI) of 44.15.
On August 28th, 2017, Delcath Systems announced that it has negotiated an agreement for the extinguishment of its 2016 Convertible Notes from the holder of the majority of the Notes. The transaction is contingent upon the Company effecting a reverse stock split, which requires shareholder approval through the current consent solicitation. If fully executed, the agreement will extinguish approximately 90% of the remaining $12.6 million in debt related to the Convertible Notes. Visit us today and access your complete report on DCTH for free at:
http://dailystocktracker.com/registration/?symbol=DCTH
Valeant Pharmaceuticals International
Laval, Canada headquartered Valeant Pharmaceuticals International Inc.'s stock rose 1.74%, closing the day at $13.42 with a total trading volume of 10.33 million shares. The Company's shares have advanced 7.27% in the previous three months. The stock is trading 3.72% below its 200-day moving average. Additionally, shares of Valeant Pharma, which operates as a pharmaceutical and medical device company worldwide, have an RSI of 33.92.
On August 03rd, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $19 a share to $21 a share.
On August 16th, 2017, Valeant Pharma announced that the US FDA confirmed that it intends to issue a Voluntary Action Indicated inspection classification for the Company's Bausch + Lomb manufacturing facility in Tampa, Florida, as part of a forthcoming Establishment Inspection Record for the facility. With this confirmation, manufacturing uncertainties related to current and upcoming regulatory submissions will be eliminated for products manufactured at the Tampa facility. The complimentary research report on VRX can be accessed at:
http://dailystocktracker.com/registration/?symbol=VRX
PetMed Express
On Thursday, shares in Delray Beach, Florida headquartered PetMed Express Inc. recorded a trading volume of 1.03 million shares. The stock ended the day 2.13% lower at $36.27. The Company's shares have advanced 1.34% in the previous three months and 57.22% on an YTD basis. The stock is trading above its 200-day moving average by 24.66%. Furthermore, shares of PetMed Express, which operates as a pet pharmacy in the US, have an RSI of 31.03.
On August 23rd, 2017, PetMed Express issued the following statement in response to market activity in its common stock: "A false and defamatory "report" was published today by Aurelius Value. We believe that this "report" was intended to severely manipulate our stock price downward in support of short sellers. PetMed Express, Inc. categorically denies the allegations and its implications. We are in the process of reporting this manipulation to the appropriate regulators."
On August 24th, 2017, research firm Sidoti upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on DailyStockTracker.com and download the research report on PETS at:
http://dailystocktracker.com/registration/?symbol=PETS
Adamis Pharmaceuticals
San Diego, California headquartered Adamis Pharmaceuticals Corp.'s stock climbed 0.93%, finishing yesterday's session at $5.45 with a total trading volume of 648,757 shares. The Company's shares have advanced 25.29% in the last one month, 19.78% in the previous three months, and 73.02% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.48% and 36.83%, respectively. Additionally, shares of Adamis Pharma, which develops and commercializes products in the therapeutic areas of allergy and respiratory disease in the US, have an RSI of 62.73. Get free access to your research report on ADMP at:
http://dailystocktracker.com/registration/?symbol=ADMP
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