Drug Stocks Rallying (EXEL, MRK, DNDN, AMGN)

Drug Stocks Rallying

Dallas 11/18/2010 06:29 PM GMT (TransWorldNews)

Exelixis, Inc. (NASDAQ:EXEL) soared 29.87% to $6.13. The company reported interim data early Thursday morning, from the cohort of patients with metastatic castration-resistant prostate cancer, or CRPC, treated with XL184 in an ongoing phase 2 adaptive randomized discontinuation trial.

The stock went down more than 17% year-to-date.       

Merck & Co., Inc. (NYSE:MRK) went up 2.06% to $35.18. So far in the last one year of trading sessions, the stock added over 1%. The stock has a 52-week range of $30.70-$41.56. 

The median Wall Street price target on the stock is $42 and the high target is set at $48 with majority of analysts have a Buy rating on the company`s stock.

Dendreon Corporation (NASDAQ:DNDN) jumped 5.60% to $37.88. Over the past 52-week, the stock traded within the range of $25.05-$57.67. 

The company has Price/Sales ratio of 224.40. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $37.61 and $38.37 respectively. At current market price, the market capitalization of the company stands at $5.47 billion.

Amgen, Inc. (NASDAQ:AMGN) added 2.71% to $55.33. Over the past 52-week, the stock traded within the range of $50.26-$61.26. 

The stock has the 50- Day Moving Average and 200-Day Moving Average price of $56.08 and $54.55 respectively.

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