LONDON, October 17, 2013 /PRNewswire/ --
The U.S. equity market edged higher on Wednesday, October 16 2013. The S&P 500 ended the day at 1,721.54, up 1.38%; the Dow Jones Industrial Average closed at 15,373.83, up 1.36%; and the NASDAQ Composite finished at 3,839.43, up 1.20%. Shares in the biotechnology industry edged higher, tracking gains in the broader market. The major movers in the industry included Amgen Inc. (NASDAQ: AMGN), Questcor Pharmaceuticals Inc. (NASDAQ: QCOR), PDL BioPharma Inc. (NASDAQ: PDLI), and BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX). AAAResearchReports.com free coverage on AMGN, QCOR, PDLI, and BCRX is available upon registration at:
On Wednesday, Amgen Inc.'s stock close at $114.28, up 2.55% from the previous day's closing price of $111.44. The company's shares vacillated between $112.35 and $114.85 during the trading session. A total of 3.49 million shares were traded, which is above the daily average volume of 3.17 million. The company's stock has gained 3.06% in the previous three trading sessions and 9.83% in the last three months, outperforming the S&P 500 which has advanced 1.08% and 2.70% during the respective periods. Further, Amgen Inc.'s stock is trading near its 52-week high of $117.91 and above its 50-day and 200-day moving averages of $110.87 and $101.08, respectively. Download free technical research on AMGN by signing up at:
Shares in Questcor Pharmaceuticals Inc. rallied on Wednesday, extending the gains from the previous trading session. The company's shares ended the day 5.50% higher at $66.73, after trading between $63.30 and $66.95. A total of 1.95 million shares were traded, which is above the daily average volume of 1.80 million. Questcor Pharmaceuticals Inc.'s shares have surged 10.85% in the previous three trading sessions and 37.19% in the last three months, outperforming the S&P 500 which has advanced 1.08% and 2.70% during the respective periods. Moreover, the company's stock is trading above its 50-day and 200-day moving averages of $63.58 and $42.44, respectively. Register now and get access to free analysis on QCOR at:
PDL BioPharma Inc.'s stock ended higher on Wednesday, reversing all the losses from the previous trading session. The company's shares closed the day at $8.03, up 1.39% from the previous day's price of $7.92. The company's shares fluctuated between $7.95 and $8.20 during the trading session. A total of 1.43 million shares were traded, which is below the daily average volume of 1.70 million. The company's stock has gained 1.90% in the last one month and 1.01% in the previous three months, compared to a gain of 1.41% and 2.70% in the S&P 500 during the respective periods. Furthermore, PDL BioPharma Inc.'s stock is trading above its 50-day and 200-day moving averages of $7.98 and $7.66, respectively. Sign up and read our complimentary report on PDLI at:
BioCryst Pharmaceuticals Inc.'s stock advanced on Wednesday, tracking gains in the broader market. The company's shares closed the day 1.22% higher at $6.64, after oscillating between $6.41 and $6.88. A total of 0.94 million shares were traded, which is significantly below the daily average volume of 2.52 million. The company's stock has gained 1.84% in the last one month and 245.83% in the previous three months, outperforming the S&P 500 which has advanced 1.41% and 2.70% during the respective periods. Additionally, BioCryst Pharmaceuticals Inc.'s stock is trading above its 50-day and 200-day moving averages of $6.48 and $3.00, respectively. The free report on BCRX can be downloaded by signing up now at:
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