Recommended Momentum ‘How’ and ‘Why’: PPG Industries (NYSE:PPG), Allergan (NYSE:AGN)

PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.00% to $99.45. PPG Industries Inc. (PPG) reported that its board has elected Vincent J. Morales to serve as senior vice president and chief financial officer, effective March 1. Morales is replacing Frank Sklarsky as CFO, who has reported his retirement also effective March 1. Morales will report to Chairman and Chief Executive Officer Michael McGarry.

Morales will also join PPG’s executive and operating committees.Morales, 51, joined PPG in 1985 and advanced through various finance roles of increasing accountability in the company’s Corporate Controller’s function, shared financial service center, plants and business units. He also served as vice president, investor relations, and treasurer before assuming his current role as vice president, finance. The share price of PPG attracts active investors, as stock price of week volatility recorded 1.62%. The stock is going forward to its 52-week low with 14.37% and lagging behind from its 52-week high price with -13.95%.

Allergan plc (NYSE:AGN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.54% to close at $213.42 with the total traded volume of 745912 shares. Allergan plc (AGN) reported the approval of RHOFADE cream by the U.S. Food and Drug Administration for the topical treatment of persistent facial erythema (redness) associated with rosacea in adults.

Approval was based on two clinical studies that evaluated the primary efficacy endpoint on day 29.RHOFADE will be accessible for commercial supply starting May 2017 in the United States.RHOFADETM (oxymetazoline hydrochloride) cream, 1% is indicated for the topical treatment of persistent facial erythema associated with rosacea in adults. The firm has institutional ownership of 88.40%, while insider ownership included 0.10%. Its price to sales ratio ended at 5.40. AGN attains analyst recommendation of 2.00 with week performance of -0.77%.

 

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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