Home / Street Sector / AbbVie Inc. (NYSE:ABBV) To Present 13 Abstracts Across Infmammatory Bowel Diseases- FMC Technologies (NYSE:FTI), Concho Resources (NYSE:CXO)

AbbVie Inc. (NYSE:ABBV) To Present 13 Abstracts Across Infmammatory Bowel Diseases- FMC Technologies (NYSE:FTI), Concho Resources (NYSE:CXO)

AbbVie Inc. (NYSE:ABBV) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -1.95% to close at $59.28 with the total traded volume of 9.9 Million shares. AbbVie to present 13 abstracts across infmammatory bowel diseases including adult & pediatric Crohn’s disease & ulcerative colitis at the Digestive Disease Week Annual Meeting starting Saturday (ABBV). The firm will present 13 abstracts across inflammatory bowel diseases including adult and pediatric Crohn’s disease, and ulcerative colitis at the Digestive Disease Week (:DDW) Annual Meeting, May 21-24, 2016, in San Diego. AbbVie and Boehringer Ingelheim will also present late-breaking data on risankizumab, formerly known as BI 655066, an investigational anti-IL-23 monoclonal biologic antibody.

HUMIRA research to be presented during the meeting includes the seven-year interim results from the ongoing PYRAMID post-marketing surveillance safety registry, which is evaluating the safety of HUMIRA in patients with moderate to severe Crohn’s disease. Results of a long-term efficacy and safety analysis of HUMIRA patients with moderate to severe pediatric Crohn’s disease will also be presented. The firm has institutional ownership of 71.50%, while insider ownership included 0.10%. Its price to sales ratio ended at 4.06. ABBV attains analyst recommendation of 2.20 with week performance of -5.14%.

FMC Technologies, Inc. (NYSE:FTI) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -4.71% to $27.30. Technip declared with FMC Technologies, Inc. (FTI) that they have entered into a Memorandum of Understanding and expect to execute a definitive business combination agreement to combine the companies in an all-stock merger transaction. The combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement share prices.

As per the terms of the MOU, Technip shareholders will receive two shares of the new company for each share of Technip, and FMC Technologies shareholders will receive one share of the new company for each share of FMC Technologies. Each company’s shareholders will own close to 50 percent of the combined company. The share price of FTI attracts active investors, as stock price of week volatility recorded 3.50%. The stock is going forward to its 52-week low with 22.42% and lagging behind from its 52-week high price with -37.50%.

Concho Resources, Inc. (NYSE:CXO) [Trend Analysis] surged reacts as active mover, shares a gain 0.04% to traded at $116.89 and the percentage gap between open changing to regular change was -1.81%. Concho Resources Inc. (CXO) released that Darin G. Holderness, firm’s Senior VP, Chief Financial Officer and Treasurer, will retire from the Company in January 2017. Jack F. Harper, who is currently Executive Vice President of the Company, has assumed the additional roles of Chief Financial Officer and Treasurer, effective immediately.

The Company further announced that Matthew G. Hyde, Senior Vice President of Exploration, will retire from the Company in January 2017. Tim Leach, Chairman, Chief Executive Officer and President, commented, “During their long tenures at the Company, Darin and Matt helped drive many of the great achievements at Concho. The organizations they have helped build provide Concho with a strong foundation for future success. I am grateful for their contributions and congratulate them on their retirement.” The firm’s current ratio calculated as 2.30 for the most recent quarter. The firm past twelve months price to sales ratio was 9.32 and price to cash ratio remained 33.42.

 

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