ARIAD Pharmaceuticals, Inc. (ARIA) traded within a range of $23.87 to $23.95 after opening the day at $23.87. The company has seen its stock increase in value by 92.52% so far this year. The stock was up close to 0.42% on light volume in last trading session and closed at $23.95 per share. After the recent gain, the stock is currently holding 0.25% above its 52 week high of $23.95 and 448.05% above its 12-month low of $4.48. The shares are up by over 103.48% in the last three months, and the RSI indicator value of 88.96 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.
ARIAD Pharmaceuticals, Inc., an oncology company, engages in the discovery, development, and commercialization of drugs for cancer patients in the United States and internationally. It offers Iclusig (ponatinib), a tyrosine kinase inhibitor (TKI) for the treatment of adult patients with chronic myeloid leukemia (CML), and Philadelphia chromosome-positive acute lymphoblastic leukemia in the United States, the European Union, Australia, Switzerland, Israel, and Canada. The company also develops Brigatinib, an investigational inhibitor of anaplastic lymphoma kinase for the treatment of various patients with a form of non-small cell lung cancer; and AP32788, for treating non-small cell lung cancer and various other solid tumors. It markets and sells Iclusig through specialty pharmacy in the United States. The company has license agreements with Medinol Ltd. to develop and commercialize stents and other medical devices to deliver ridaforolimus. ARIAD Pharmaceuticals, Inc. was founded in 1991 and is headquartered in Cambridge, Massachusetts.
MGIC Investment Corporation (MTG) continued its upward trend with the stock climbing 0.54% or $0.06 to close the day at $11.26 on active trading volume of 6.23M shares, compared to its three month average trading volume of 5.18M. The Milwaukee Wisconsin 53202 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 66.08%, compared to the industry which has advanced 27.88% over the same period. With RSI of 66.11, the stock should still continue to rise and get closer to its one year target estimate of $11.83, making it a hold for now.
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services. In addition, the company participates in external reinsurance arrangements and captive mortgage reinsurance arrangements. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
Infinera Corporation (INFN) gained $0.14 to close the day at a new closing price of $12.1, a 1.17% increase in value from its previous closing price that moved the stock 67.36% above its 52 week low of $7.23. A total of 6.17M shares exchanged hands during the day compared with its three month average trading volume of 1.89M. The stock, which fluctuated between $11.55 and $12.5 during the day, currently situated -28.99% below its 52 week high. The stock is up by 39.08% in the past one month and up by 45.26% over the past three months. With a one year target estimate of $8.89 and RSI of 86.34, the stock still has upside potential, making it a sell for now.
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company offers Infinera DTN-X family of platforms for subsea, long-haul, regional, and metro mesh networks; Infinera DTN platform for subsea, long-haul, and regional mesh networks that support a range of Ethernet and optical transport network client interfaces; and Infinera FlexILS Line System platform that connects various Infinera platforms over long distance fiber optic cable. It also provides Infinera TM-Series, a carrier-grade packet-optical transport platform; Infinera TS-Series, a passive optical wavelength-division multiplexing (WDM) product; Infinera Cloud Xpress Platform, a compact platform for cloud/data center interconnect applications; and Infinera ATN Platform, a small form-factor WDM platform. In addition, the company offers Infinera Open Transport Switch, a software platform that enables abstraction and virtualization of the underlying Infinera platforms; and Infinera Management Suite, a network management system used by network operators to manage various Infinera platforms. Further, it provides various support services for vraious hardware and software products. The company serves communications service providers, Internet content providers, cable providers, wholesale and enterprise carriers, research and education institutions, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.