Home / Street Sector / Active Momentum Stocks in New Buzz: ACADIA Pharmaceuticals (NASDAQ:ACAD), Under Armour (NYSE:UA), Amarin (NASDAQ:AMRN)

Active Momentum Stocks in New Buzz: ACADIA Pharmaceuticals (NASDAQ:ACAD), Under Armour (NYSE:UA), Amarin (NASDAQ:AMRN)

ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) [Trend Analysis] luring active investment momentum, shares a decrease -0.51% to $35.43. ACADIA Pharmaceuticals Inc. (ACAD) released that NUPLAZID (pimavanserin) is now available for prescription in the United States. NUPLAZID was approved by the U.S. Food and Drug Administration (FDA) on April 29, 2016 for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis. NUPLAZID is the first and only drug approved by the FDA for this indication. NUPLAZID is also the only drug approved by the FDA that preferentially targets 5-HT2A receptors. These receptors are thought to play an important role in Parkinson’s disease psychosis. The total volume of 2.88 Million shares held in the session was surprisingly higher than its average volume of 3313.10 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -71.80%, and looking further price to next year’s EPS is 31.20%. While take a short look on price to sales ratio, that was 64418.71.

Several matter pinch shares of Under Armour, Inc. (NYSE:UA) [Trend Analysis], as shares moving down -0.50% to $37.73 with a share volume of 7.42 Million. Under Armour, Inc. (NYSE:UA) announced that it is revising its previously issued outlook for the full year and second quarter of 2016 following recent developments related to the bankruptcy proceedings of The Sports Authority. During the first quarter of 2016, the Company became aware of the potential restructuring of The Sports Authority. As previously stated, at that time the Company did not believe that the exposure to its receivables from The Sports Authority was materially impacted and the Company announced its intention to continue to support.

The Sports Authority as it proceeded through its restructuring, including support through continued sales in 2016. Given the recent decision of the bankruptcy court to approve the liquidation of The Sport Authority’s business rather than a restructuring or sale of the ongoing business, the Company now expects to recognize an impairment charge of approximately $23 million related to The Sports Authority during the second quarter of 2016. In addition, due to the bankruptcy, the Company was only able to recognize $43 million of the originally planned $163 million in revenues with The Sports Authority for 2016. The stock is going forward its 52-week low with 19.34% and moving down from its 52-week high price with -28.74%.

Shares of Amarin Corporation plc (NASDAQ:AMRN) [Trend Analysis] runs in leading trade, it surging 11.83% to traded at $2.08. The firm has price volatility of 6.07% for a week and 7.12% for a month. Its beta stands at 1.12 times. Amarin (AMRN) announced that the FDA has determined that Vascepa capsules are eligible for five-year, new chemical entity. This determination provides Vascepa with the benefits of NCE exclusivity afforded by statute.

NCE exclusivity for Vascepa runs from its date of FDA approval on July 26, 2012 and extends until July 26, 2017. The statutory 30-month stay triggered by patent litigation following generic application submissions permitted on July 26, 2016 would expire on January 26, 2020, seven-and-a-half years from FDA approval. Narrow down four to firm performance, its weekly performance was 14.29% and monthly performance was 13.66%. The stock price of AMRN is moving up from its 20 days moving average with 20.82% and isolated positively from 50 days moving average with 23.08%.

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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