Home / Eco-Finance / Stocks Retreat on New Drugs: Regeneron Pharmaceuticals (NASDAQ:REGN), Electro Rent (NASDAQ:ELRC), StemCells (NASDAQ:STEM)

Stocks Retreat on New Drugs: Regeneron Pharmaceuticals (NASDAQ:REGN), Electro Rent (NASDAQ:ELRC), StemCells (NASDAQ:STEM)

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) [Trend Analysis] moved up reacts as active mover, shares an increase 0.68% to traded at $398.93 and the percentage gap between open changing to regular change was 0.54%. Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Electro Rent Corporation (ELRC) to Platinum Equity. Under the terms of the proposed transaction, shareholders of Electro Rent will receive only $13.12 in cash for each share of Electro Rent that they own.

KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. The firm’s current ratio calculated as 3.40 for the most recent quarter. The firm past twelve months price to sales ratio was 9.39 and price to cash ratio remained 49.03. As far as the returns are concern, the return on equity was recorded as 20.70% and return on investment was 16.00% while its return on asset stayed at 13.70%. The firm has total debt to equity ratio measured as 0.10.

Electro Rent Corporation (NASDAQ:ELRC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 24.17% to close at $13.10 with the total traded volume of 1.61 Million shares. When a company is in real trouble, using simple math to make its stock look more attractive, or burying bad news at the bottom of a press release, does not usually help for long. Biotech StemCells Inc. did just that, and its shares (STEM) plummeted 83% in afternoon trade, on volume that was more than 20 times the full-day average.

The stock hit a record low of 47 cents in intraday trade, before recovering slightly to around 53 cents in afternoon trade. The selloff came after the company issued a press release announcing that it would have to terminate a study of its treatment for spinal cord injuries because of disappointing interim results. The firm has institutional ownership of 57.60%, while insider ownership included 0.10%. Its price to sales ratio ended at 1.61. ELRC attains analyst recommendation of 1.00 with week performance of 26.33%.

StemCells Inc. (NASDAQ:STEM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -81.19% to $0.57. Former AT&T executive, Nelly Pitocco, recently joined Sprint as vice president of enterprise sales, reporting directly to Kevin Crull, president of Central Area. Pitocco is responsible for B2B sales and business development, supporting enterprise customers with wireless communications solutions and services.

The president of Central Area, Kevin Crull stated that Pitocco has more than 20 years of experience in sales, technology and IT outsourcing. “I am confident that Pitocco and her team will take over the Central Area and ensure the best experience for our enterprise customers.” Pitocco’s appointment follows Sprint’s announcement that it will restructure the company into four geographic areas, West, Central, Northeast and South, with targeted resources devoted to 18 top markets, including Chicago, Indianapolis, Kansas City and Minneapolis in the Central Area. The share price of STEM attracts active investors, as stock price of week volatility recorded 14.29%. The stock is going forward to its 52-week low with -76.73% and lagging behind from its 52-week high price with -93.83%.

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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