Hot Stocks to Watch in the U.S. and Canada
June 20 2017 - 9:49AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Parexel International Corp. (PRXL), Boeing
Co. (BA), Apple Inc. (AAPL), and Lipocine Inc. (LPCN).
Private-equity firm Pamplona Capital Management reached a deal
to buy Parexel for $4.6 billion, the latest in a series of mergers
among drug-research firms. Parexel stock has been steadily rising
since The Wall Street Journal reported in May the company was
exploring a sale. Shares rose an additional 3.7% to $87.06 in
premarket trading.
Boeing, the world's No. 1 plane maker, raised its 20-year
industry forecast for plane deliveries to 41,030 jetliners, with
their value topping $6 trillion for the first time at list prices.
Shares rose 0.5% to $200 in premarket trading.
Apple broadened its offensive against Qualcomm Inc. on Tuesday,
arguing in a court filing that some of the chip supplier's patents
were invalid and that its business model violates patent law. Apple
also this month is celebrating 10 years since the first launch of
its iPhone. Shares rose 0.2% to $146.67 in premarket trading.
Lipocine on Monday announced positive results from studies on
its oral testosterone product in testosterone replacement therapy.
The company plans to resubmit its new drug application for the
product to the U.S. Food and Drug Administration later this year.
Shares rose 28% to $5.15 in premarket trading.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
June 20, 2017 09:34 ET (13:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Parexel (NASDAQ:PRXL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Parexel (NASDAQ:PRXL)
Historical Stock Chart
From Apr 2023 to Apr 2024
