Shares of PAREXEL International Corporation (NASDAQ:
PRXL) surged in trading on Tuesday after the Waltham, Massachusetts-based
company announced its second-quarter financial results. PAREXEL reported
second-quarter revenue of $333.2 million, compared with $304.4 million reported
in the same period in the previous year.
PAREXEL shares rose to an intra-day high of $24.50
on Tuesday before finishing the day 17.79% higher on above average volume. The
rally has pushed PAREXEL shares above their 50-day and 200-day moving averages.
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