Advertisement
Canada markets close in 6 hours 3 minutes
  • S&P/TSX

    22,157.89
    +50.81 (+0.23%)
     
  • S&P 500

    5,252.57
    +4.08 (+0.08%)
     
  • DOW

    39,760.78
    +0.70 (+0.00%)
     
  • CAD/USD

    0.7378
    +0.0005 (+0.07%)
     
  • CRUDE OIL

    82.37
    +1.02 (+1.25%)
     
  • Bitcoin CAD

    95,927.74
    +1,016.33 (+1.07%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,206.60
    +16.00 (+0.73%)
     
  • RUSSELL 2000

    2,121.43
    +7.08 (+0.34%)
     
  • 10-Yr Bond

    4.2200
    +0.0240 (+0.57%)
     
  • NASDAQ

    16,411.94
    +12.41 (+0.08%)
     
  • VOLATILITY

    12.97
    +0.19 (+1.49%)
     
  • FTSE

    7,968.51
    +36.53 (+0.46%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6817
    +0.0012 (+0.18%)
     

Wall Street Fundamentals Releases New In-Depth Stock Reports on IDRA, INSY, OMED and PTLA

The Biotech Industry’s recent slide continued Friday as investors continued to shift their portfolios towards safer assets as we enter earnings season. On Friday, the iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB - News) declined 2.90 percent, down 15.44 percent in the past month, while the SPDR S&P Biotech ETF (NYSEARCA:XBI - News) fell 4.0 percent, down 20.95 over the same period. "There’s still a continual rotation out of the high-flying momentum stocks of 2013 into more value-driven opportunities," said Stifel Nicolaus portfolio manager Chad Morganlander. "This will continue in the coming weeks as investors look for consistency in earnings. You have concerns about high valuations and flat revenue growth, which is a perfect cocktail for a sector rotation out of growth and into value."

Idera Pharmaceuticals Inc. (NASDAQ:IDRA - News) shares traded in the range of $3.24 to $3.77 Friday before settling to close at $3.28, a decrease of 9.14 percent. The stock appears to be facing some resistance at the $3.74 and $4.37 levels with some support at $2.48 and $1.68. Shares of Idera Pharmaceuticals have fallen approximately 42.0 percent in the past month.

More information on Idera Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IDRA

Insys Therapeutics Inc. (NASDAQ:INSY - News) shares traded in the range of $34.54 to $38.58 Friday before settling to close at $34.90, a decrease of 6.86 percent. The stock appears to be facing some resistance at the $39.62 and $43.27 levels with some support at $34.51 and $32.82. Shares of Insys Therapeutics have fallen approximately 25.0 percent in the past month.

ADVERTISEMENT

More information on Insys Therapeutics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/INSY

Oncomed Pharmaceuticals Inc. (NASDAQ:OMED - News) shares traded in the range of $23.87 to $26.66 Friday before settling to close at $24.12, a decrease of 10.13 percent. The stock appears to be facing some resistance at the $26.63 and $29.11 levels with some support at $23.50 and $22.43. Shares of Oncomed Pharmaceuticals have fallen approximately 26.0 percent in the past month.

More information on Oncomed Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/OMED

Portola Pharmaceuticals Inc. (NASDAQ:PTLA - News) shares traded in the range of $20.61 to $23.44 Friday before settling to close at $20.78, a decrease of 9.46 percent. The stock appears to be facing some resistance at the $22.06, $22.64 and $23.25 levels. Shares of Portola Pharmaceuticals have fallen approximately 24.0 percent in the past month.

More information on Portola Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PTLA

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

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.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com