Shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) [Trend Analysis] runs in leading trade, it moving up 16.59% to traded at $17.85. The firm has price volatility of 4.63% for a week and 3.65% for a month. Its beta stands at 1.00 times. Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) reported positive results from a late-stage trial of a treatment for type 1 diabetes.
The firm stated that the Phase 3 trial of sotagliflozin met its primary endpoint, showing a statistically important improvement in blood sugar control in patients with type 1 diabetes on a background of optimized insulin. The improvement was made without an raise in severe hypoglycemia, a serious health challenge in type 1 diabetes. Lexicon is working with Sanofi to develop the compound for use in type 1 and type 2 diabetes. Narrow down four to firm performance, its weekly performance was 24.56% and monthly performance was 14.06%. The stock price of LXRX is moving up from its 20 days moving average with 19.19% and isolated positively from 50 days moving average with 17.20%.
American Water Works Firm, Inc. (NYSE:AWK) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -4.28% to 72.49 with about 1.52 Million shares have changed hands in this session. Pennsylvania American Water, a subsidiary of American Water (AWK), revealed that it has inked an asset purchase contract to takeover the McKeesport wastewater system. The contract signing follows recent votes by the McKeesport City Council and the Municipal Authority of the City of McKeesport in favor of Pennsylvania American Water purchasing the wastewater assets.
Mayor Michael Cherepko stated that I firmly believe this transaction is being made in the best interest of the wastewater consumers served by this system now and in the future. He continued “It became very clear to this administration that the only way to save our community from municipal bankruptcy, while continuing to offer the same level of services our residents deserve, would be to transfer our local sewage system to a regional or national utility firm. This transaction will balance the city’s current financial problems, allow this administration to safeguard the city’s future and ensure reliable wastewater service for 22, 000 consumers.” The stock is going forward its fifty-two week low with 45.86% and lagging behind from its 52-week high price with -14.56%.
Same, the positive performance for the quarter recorded as -6.03% and for the year was 44.80%, while the YTD performance remained at 23.14%. AWK has Average True Range for 14 days of 1.30.