Wall Street Fundamentals Releases New In-Depth Stock Reports on OMED, PTLA, TTPH and XONadmin
The Biotech industry has continued to outpace the broader markets in 2013. The iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) year-to-date have posted gains of approximately 57.0 percent and 40.0 percent, respectively, compared to the S&P 500 Index’s gain of roughly 25.0 percent. The success the Biotech Industry has experienced in recent years has caused a surge in IPO’s this year. According to data from Credit Suisse, 38 have gone public through mid-November, the most since 2000.
Oncomed Pharmaceuticals Inc. (NASDAQ: OMED) shares traded in the range of $23.25 to $24.47 Thursday before settling to close at $24.11, an increase of 2.60 percent. The stock appears to be facing some resistance at the $27.22 and $30.15 levels with some support at $23.33. Shares of Oncomed Pharmaceuticals have fallen approximately 11.0 percent since its IPO.
More information on Oncomed Pharmaceuticals and access to the free equity report can be found at:
Portola Pharmaceuticals Inc. (NASDAQ: PTLA) shares traded in the range of $23.64 to $24.05 Thursday before settling to close at $23.73, a decrease of 0.50 percent. The stock appears to be facing some resistance at the $24.11 and $24.95 levels with some support at $23.31. Shares of Portola Pharmaceuticals have gained approximately 56.0 percent since it IPO.
More information on Portola Pharmaceuticals and access to the free equity report can be found at:
Tetraphase Pharmaceuticals Inc. (NASDAQ: TTPH) shares traded in the range of $11.74 to $12.10 Thursday before settling to close at $12.04, an increase of 0.42 percent. The stock appears to be facing some resistance at $13.28 with some support at the $12.01 and $11.67 levels. Shares of Tetraphase Pharmaceuticals have gained approximately 70.0 percent since its IPO.
More information on Tetraphase Pharmaceuticals and access to the free equity report can be found at:
Intrexon Corp. (NYSE: XON) shares traded in the range of $19.00 to $19.75 Thursday before settling to close at $19.63, an increase of 2.19 percent. The stock appears to be facing some resistance at the $20.76 and $23.00 levels with some support at $17.65. Shares of Intrexon have fallen approximately 20.0 percent since it IPO.
More information on Intrexon and access to the free equity report can be found at:
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Posted: December 13th, 2013 under ACCESSWIRE.