Financial News

Drug Makers Stocks on Investors' Radar -- Amarin, Depomed, DURECT, and Biodel

NEW YORK, November 7, 2016 /PRNewswire/ --

Last Friday, benchmark US indices extended their bearish trend as the NASDAQ Composite ended the trading session down 0.24%; the Dow Jones Industrial Average edged 0.24% lower; and the S&P 500 closed down 0.17%. As the US markets continue to perform mostly in red, this morning reviews these four Drug Makers' stocks: Amarin Corporation PLC (NASDAQ: AMRN), Depomed Inc. (NASDAQ: DEPO), DURECT Corporation (NASDAQ: DRRX), and Biodel Inc. (NASDAQ: BIOD). Learn more about these stocks by accessing their free research reports at:


Dublin, Ireland-based Amarin Corp. PLC's stock finished Friday's session 2.18% higher at $2.81 with a total trading volume of 2.07 million shares. Shares of Amarin, which focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the US, have surged 41.92% in the past one year. The Company's shares are trading above its 200-day moving average by 26.40%. Amarin's stock has a Relative Strength Index (RSI) of 36.21.

On October 19th, 2016, research firm Citigroup initiated a 'Buy' rating on the Company's stock, issuing a target price of $5 per share. Free research report on AMRN is available at:


On Friday, shares in Newark, California headquartered Depomed Inc. recorded a trading volume of 5.57 million shares, which was higher than their three months average volume of 1.47 million shares. The stock ended the day 3.85% higher at $22.66. Depomed's stock has advanced 6.74% in the previous three months and 23.89% in the past one year. The Company is trading above its 200-day moving average by 18.61%. Furthermore, shares of Depomed, which engages in the development, sale, and licensing of products for pain and other central nervous system conditions in the US, have an RSI of 44.19. The complimentary research report on DEPO can be downloaded at:


Cupertino, California headquartered DURECT Corp.'s stock edged 0.89% higher, to close the day at $1.13. The stock recorded a trading volume of 495,867 shares. Shares of the Company, which researches and develops therapies based on its epigenomic regulator program and proprietary drug delivery platforms, are trading 20.75% and 17.88% below its 50-day and 200-day moving averages, respectively. Additionally, the stock has an RSI of 38.31. Visit us today and access our complete research report on DRRX at:


On November 3, 2016, shares in Danbury, Connecticut headquartered Biodel Inc. ended the session at $0.65, up 6.6% from the prior trading session. Biodel Inc.'s shares have surged 12.07% in the last one month, 58.54% in the previous three months, and 80.56% in the past one year. The stock is trading 26.12% above its 50-day moving average and 66.62% above its 200-day moving average. Moreover, shares of the Company, which focuses on the development and commercialization of treatments for diabetes in the US, have an RSI of 56.58. After the completion of the share exchange transaction between Biodel Inc. and Albireo Limited on November 3, 2016, the combined organization - Albireo Pharma, Inc. commenced trading on The NASDAQ Capital Market under the symbol "ALBO", effective November 4, 2016. Get free access to your research report on BIOD at:


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