Monday, February 27, 2017

High-Momentum Healthcare Stocks: MannKind Corporation (MNKD), PharmAthene, Inc. (PIP)

MannKind Corporation (NASDAQ:MNKD) shares ended at $ 0.51 with 1.58 mln shares exchanging hands. That puts the market capitalization at $ 239.85 mln. It opened the session with a $ 0.501 price tag, later ranging from $ 0.4924 to $ 0.519, the range at which the stock has traded at throughout the day. The stock stands nearly -77.05% off versus the 52-week high and 25.39% away from the 52-week low. The number of shares currently owned by investors are 466.54 mln.

Sell-side analyst recommendations point to a short term price target of $ on the shares of MannKind Corporation (MNKD). The consensus rating is 4, suggesting the market has given up on the stock. It has been assigned a low target price of $ and a high target price of $ .

The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Current price places the company’s stock -32.73% away from its 200-day simple moving average, -17.97%, away from the 50-day average and also -9.56% away from 20-day average.

For this year, MannKind Corporation (NASDAQ:MNKD) is performing -19.26%. Over the past five trading sessions it is -4.18%; -24.44% for the month; -11.35% for the last quarter; -40.91% for the past six-months; and -52.4% for the last 12 months. The last close places the company’s stock about $ 1.73 off its 52 week high of $ 2.24 and $ 0.1 above the 52 week low of $ 0.41.

PharmAthene, Inc. (NYSEMKT:PIP) closed up +0.02 points or 1.66% at $ 0.93 with 1.53 mln shares exchanging hands. Current price level places the company’s stock about -73.57% from the 52-week high and 96.83% away from the 52-week low. The consensus rating is 2, indicating analysts in general look favorably on the company’s future prospects.

PharmAthene, Inc. (PIP) opened the session with a $ 0.88 price tag, later ranging from $ 0.88 to $ 0.97, the range at which the stock has traded at throughout the day. The stock stands nearly $ 2.62 off versus the 52-week high of $ 3.5 and $ 0.41 above the 52-week low of $ 0.47. The number of shares currently owned by investors are 65.62 mln. The current price change puts the market capitalization at $ 60.71 mln.

Over the past five trading sessions shares of PharmAthene, Inc. (NYSEMKT:PIP) are -11.9%; -71.54% for the month; -70.16% for the last quarter; -63.86% for the past six-months; and -42.9% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Current price places the company’s stock -65.02% away from its 200-day simple moving average, -65.7%, away from the 50-day average and also -48.99% away from 20-day average. The stock is performing -71.54% year to date.

The Wellesleys News

High-Momentum Healthcare Stocks: MannKind Corporation (MNKD), PharmAthene, Inc. (PIP)

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