Quick Highlights of Volume Gainers: ACAD, JDSU, PFE
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), focused on innovative treatments that address unmet medical needs in neurological and related central nervous system disorders, today announced that Allergan, Inc. has advanced an additional product candidate as a potential new treatment for glaucoma. The novel small molecule resulted from joint research conducted by the companies under their recently concluded research collaboration focused on new therapies for glaucoma and related ophthalmic conditions.
Director of ACADIA Pharmaceuticals Inc. Baker Felix bought a total of 2,340,314 shares between June 3 and June 5 at an average price of $14.34 for a total value of $33,563,306. Shares jumped 5.64 percent to trade at $15.55 on Thursday.
Is ACAD a Buy Ahead of Earnings? Find Out Here
JDS Uniphase Corp (NASDAQ:JDSU) gained 7.73%, after hovering between $13.65 and $14.15. This stock is ahead of its 52-week low 8.47% and lagging behind its 52-week high price 15.62%.
Analysts expected the company to earn $0.11 per share for the quarter. Revenues totaled $405.3 million, up from $403.3 million last year. Analysts expected revenues of $417.28 million. JDS Uniphase Corp (NASDAQ:JDSU) blamed the delay in the release of spending budgets by carriers, which ideally happens in February but got delayed into March and hurt its top line. But then, the good thing in the report was that Uniphase exited the quarter with a book-to-bill ratio of above 1, which suggests that its business might have bottomed and we would probably see better revenue performance ahead.
Is JDSU a Buy After The recent Pop Up? Find Out Here
Pfizer Inc. (NYSE:PFE), recently announced it will start selling Viagra online. This is a bold move, and I think that Pfizer has the financial backing to make it work. Shares of Pfizer, Inc. are trading at $28.09 and is -3.90% from its 50-day Moving Average price of $29.2297 and +1.97% from its 200-day Moving Average price of $27.5473. The average trading volume is 37193800 shares and its market capitalization is $199.2B.
The company is doing something none of the other big pharmas have considered against this problem. On May 6, Pfizer said that it would begin to sell its Viagra drug online to consumers with a prescription. Viagra’s sales in the year 2002, were around $1.7 billion per year
Can PFE Extend Rally? Find Out Here
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