Cummins Inc. (NYSE:CMI)- Stocks in Frontline Trades’ Choice: Arrowhead Pharmaceuticals (ARWR)

Cummins Inc. (NYSE:CMI) [Trend Analysis] luring active investment momentum, shares a decrease -2.51% to $135.35. Cummins Inc. (CMI) reported that its Board has authorized the company to repurchase up to $1 billion in shares of common stock upon completion of its 2015 $1 billion share repurchase program.

Tom Linebarger, Cummins Chairman and CEO, said: “Cummins is demonstrating that we can produce strong returns for our shareholders, while continuing to invest in the future and helping our consumers succeed by providing them innovative power solutions.” The total volume of 4.41 Million shares held in the session was surprisingly higher than its average volume of 1539.39 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -13.00%, and looking further price to next year’s EPS is -1.08%. While take a short look on price to sales ratio, that was 1.33 and price to earning ratio of 20.11 attracting passive investors.

Several matter pinch shares of Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) [Trend Analysis], as shares moving down -2.36% to $1.24 with a share volume of 2.76 Million. A shareholder rights firm, Lundin Law PC, reported the filing of a class action lawsuit against Arrowhead Pharmaceuticals, Inc. (ARWR) concerning possible violations of federal securities laws between May 11, 2015 and November 8, 2016 inclusive.

Investors, who purchased or otherwise acquired Arrowhead shares during the Class Period, are encouraged to contact the firm in advance of the January 17, 2017 lead plaintiff motion deadline.

According to the Complaint, Arrowhead made false and misleading statements and/or failed to disclose: that its drug candidate ARC-520 was fatal at certain doses; that the U.S. Food & Drug Administration was unlikely to approve ARC-520 as a hepatitis B treatment; that the Company overstated the approval prospects and commercial viability of ARC-520; and that as a result of the above, Arrowhead’s public statements were materially false and misleading at all relevant times.

The stock is going forward its 52-week low with -0.80% and moving down from its 52-week high price with -84.91%. To have technical analysis views, liquidity ratio of a company was calculated 3.30 as evaluated with its debt to equity ratio of 0.06. The float short ratio was 19.82%, as compared to sentiment indicator; Short Ratio was 7.11.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Leave a Reply

Your email address will not be published. Required fields are marked *