Market Updates on Biotech Stocks -- Lexicon Pharma, Idera Pharma, Synta Pharma, Spectrum Pharma, and Medivation

LONDON, April 27, 2015 /PRNewswire/ --

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Investor-Edge has initiated coverage on the following equities: Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), Idera Pharmaceuticals Inc. (NASDAQ: IDRA), Synta Pharmaceuticals Corporation (NASDAQ: SNTA), Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI), and Medivation Inc. (NASDAQ: MDVN). Free research report on Lexicon Pharma can be accessed at On Friday, April 24, 2015, the NASDAQ Composite ended at 5,092.09, up 0.71%, the Dow Jones Industrial Average advanced 0.12%, to finish the day at 18,080.14, and the S&P 500 closed at 2,117.69, up 0.23%. The losses were broad based as six out of ten sectors ended the session in negative. The S&P 500 Health Care Sector Index ended the day at 859.67, down 0.32%, while the index has advanced 4.99% in the previous three months. Register for your complimentary reports at the links given below.  

On Friday, shares in Lexicon Pharmaceuticals Inc. fluctuated between $1.02 and $1.11 before ending the session 2.80% higher at $1.10. The stock reported a trading volume of 2.02 million shares, below its three months average volume of 2.10 million shares. Lexicon Pharmaceuticals Inc.'s shares have surged 13.56% in the last one month, 20.04% in the last three months and 20.90% on YTD basis. The company is trading above its 50-day moving average of $1.00. Moreover, shares of Lexicon Pharmaceuticals Inc. have a Relative Strength Index (RSI) of 66.82. Sign up and read the free notes on LXRX at:

Idera Pharmaceuticals Inc.'s stock declined 3.49%, to close the day at $3.32. The stock recorded a trading volume of 1.01 million shares, much below its three months average volume of 2.02 million shares. The stock oscillated between $3.32 and $3.47 during the session. Over the last three trading sessions and over the past one month, Idera Pharmaceuticals Inc.'s shares have fallen by 1.78% and 5.41%, respectively. Further, the stock has lost 24.72% since the start of this year. The company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $4.11 is above its 200-day moving average of $3.38. Additionally, Idera Pharmaceuticals Inc. has an RSI of 36.46. The complimentary notes on IDRA can be downloaded as in PDF format at:

On Friday, shares in Synta Pharmaceuticals Corp. recorded a trading volume of 3.41 million shares, higher than its three months average volume of 1.45 million shares. The stock ended the day at $2.69, which was 9.43% below its previous day's closing of $2.97, and registered an intraday range of $2.64 and $2.95. Synta Pharmaceuticals Corp.'s shares have gained 13.50% in the last one month, 8.91% in the previous three months and 1.51% on YTD basis. The company is trading above its 50-day moving average of $2.44. Furthermore, shares of Synta Pharmaceuticals Corp. have an RSI of 54.13. Register for free on Investor-Edge and access the latest research on SNTA at:

Spectrum Pharmaceuticals Inc.'s stock gained 1.16%, to close Friday's session at $6.10, after oscillating between $6.01 and $6.19. The stock recorded a trading volume of 0.48 million shares, below its three months average volume of 1.28 million shares. Over the previous three trading sessions and the last one month, Spectrum Pharmaceuticals Inc.'s shares have advanced 2.69% and 2.18%, respectively. However, the stock has lost 11.98% since the beginning of this year. The company is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $7.14 is above its 50-day moving average of $6.26. Further, Spectrum Pharmaceuticals Inc.'s stock has an RSI of 51.43. The complete research on SPPI is available for free at:

Medivation Inc.'s stock finished Friday's session 1.13% lower at $131.01. A total of 0.67 million shares were traded, which was below its three months average volume of 0.94 million shares. The stock moved between $130.24 and $132.51 during the session. Medivation Inc.'s shares have gained 1.88% in the previous three trading sessions and 23.28% in the last three months. Additionally, from the beginning of 2015, the stock has gained 31.52%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $125.40 is greater than its 200-day moving average of $104.15. Medivation Inc.'s stock traded at a PE ratio of 44.40 and has an RSI of 54.11. Free in depth research on MDVN is available at:


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