Stocks Buzz: MannKind Corporation (NASDAQ:MNKD) , Meritor, Inc. (NYSE:MTOR)

On 4/3/2017, Shares of MannKind Corporation (NASDAQ:MNKD) closed at $1.38 in last trading day. After noting the initial trading entry at $1.49, it reached to a day’s high of $1.50 and moved to a day’s low of $1.29. The recent daily volume was 3.2 million as contrast to it’s an average volume of 3.25 million.

Technical Indicators:

The last close of the MannKind Corporation stock reflects that it traded -0.14% from its 50-day moving average of $1.38. The stock traded above +72.42% to its 200-day MA of $0.80. Furthermore, it moved lower -86.40% from its 52-week high of $10.15 and +6.98% up from $1.29, which is 52-week low of the stock.

MannKind Corporation’s (MNKD) moved with shift of -24.18% in the past week. Over the last three months, the shares of the company have changed 116.74% and performed 122.58% over the last six months. The stock currently has Monthly Volatility of 8.85% and Weekly Volatility of 10.52%.

April 3, 2017 Conatus Pharmaceuticals and MannKind are looking to gain awareness for their products through various marketing channels. Conatus has two presentations scheduled for early April, while MannKind will look to gain awareness through television.

Conatus Pharmaceuticals dropped 2.53% to close at $5.77 on Friday. The stock traded between $5.61 and $6.43 on volume of 4.21 million shares traded. The drop in price comes after the company announced it will be making presentations during the 1st week of April – at the H.C. Wainwright NASH Investor Conference on Monday, April 3rd, and at the 16th Annual Needham Healthcare Conference on Tuesday, April 4th. In its latest financial report of March 15th, the company announced it had entered into an exclusive license agreement with Novartis for the global development and commercialization of emricasan, its chronic liver disease drug.

 

Conatus Pharmaceuticals reported a net loss $29.7 million loss for the full year of 2016, compared to net loss of $24.15 million reported in the year 2015. The company reported R&D expenses increased to a total of $20.3 million for the year 2016, compared to $16.3 million in 2015

MannKind declined 0.67% to close at $1.48 on Friday. The stock traded between $1.45 and $1.64 on volume of 3.13 million shares traded. The stock has seen a 2017 high of $3.56 per share and a 52 week high of $10.15 per share. On March 15th, the company reported total revenues of $12.4 million for the fourth quarter of 2016. MannKind’s main product Afrezza, an inhaler-based insulin treatment, accounted for $1.3 million in revenues. Deferred net revenues from Afrezza were $1.7 million in the fourth quarter of 2016.

 

On March 8th, MannKind Corporation and Bella & Elle Media LLC announced MannKind’s sponsorship of “Reversed,” a production series aimed at educating the show’s participants and viewing audience about the effects of poorly managed diabetes and its impact on their lives. “Reversed” will air on Discovery Life Channel in the summer of 2017.

Meritor, Inc. (NYSE:MTOR) finalized the last transaction at value of $16.72, with a daily change of -2.39% or -0.41 points. The company maintained volume of 960.51 thousand shares. In past trading day, the stock hit the maximum price of $17.20 and touched to minimum value of $16.47. It has a market cap of $ 1.47B.

Technical Indicators:

As of last trade close, the stock is trading  downside -2.79% from its one year high of $17.20 and moved +165.29% upward from $6.30, which is one year low of the stock.

The stock traded above +1.58% from its 50-day moving average of $16.46. Furthermore, the stock moved up +24.82% to its 200-day MA of $ 13.40.

During the last month, Meritor, Inc.’s (MTOR) has changed 0.42% and performed 50.22% over the last 6 months. The mean rating score for this stock is at 2.60. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 2.91% in recent month and observed Weekly Volatility of 3.24%.

 

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