Dallas 12/16/2010 1:19:29 AM
News / Business

Notable Drug Stock Movers (Novartis, MNKD, MYL, ABT)

Notable Drug Stock Movers

Novartis AG (ADR) (NYSE:NVS) added 4.91% to $58.57 as the company said it has struck a deal to acquire the remaining shares of Alcon Inc. for $12.9 billion, finally completing the takeover of the eye-care firm.

The median Wall Street price target on the stock is $65 and the high target is set at $67.59 with majority of analyst have a Strong Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $56.22 and $53.01 respectively.

MannKind Corporation (NASDAQ:MNKD) soared 6.38% to $9. Over the past 52-week, the stock traded within the range of $4.76-$11.12.

At current market price, the market capitalization of the company stands at $1.12 billion. The stock is up more than 2% year-to-date.

Mylan Inc. (NASDAQ:MYL) added 0.82% to $20.85. So far in the last one year of trading sessions, the stock added over 9%. The stock has a 52-week range of $16.55-$23.63. 

The company has Price/Sales ratio of 1.19. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $19.90 and $18.53 respectively. At current market price, the market capitalization of the company stands at $9.07 billion.

Abbott Laboratories (NYSE:ABT) lost 0.31% to $47.90. The median Wall Street price target on the stock is $60 and the high target is set at $80 with majority of analyst have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $48.77 and $49.53 respectively.

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