user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 459715 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Depomed Shares Sinking Lower, Down 1.4%

Published on Thu, 03/14/2013 - 12:45
By Robert Cotter

Depomed (NASDAQ:DEPO) is one of today's notable stocks in decline, down 1.4% to $5.79. The Dow Jones Industrial Average is now trading 0.4% higher to 14,518 and the S&P is trading 0.4% higher to 1,561.

DepoMed, Inc. develops new and proprietary oral drug delivery technologies. The Company has developed a system designed to be retained in the stomach for an extended period of time while it delivers the incorporated drug or drugs. DepoMed has also developed a system designed to reduce gastrointestinal irritation.

Depomed share prices have moved between a 52-week high of $10.19 and a 52-week low of $4.20 and are now trading 38% above that low price at $5.79 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.02% lower over the past week, respectively.

Depomed (NASDAQ:DEPO) has potential upside of 51.3% based on a current price of $5.79 and analysts' consensus price target of $8.75. The stock should find initial resistance at its 200-day moving average (MA) of $5.82 and further resistance at its 50-day MA of $6.43.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Advance Auto Parts Earnings In Retrospec...

Two weeks ago on August 14th, 2014 Advance Auto Parts (NYSE:AAP) reported earnings and ...

Earnings Flashback: Since Reporting Quar...

When Flowers Foods (NYSE:FLO) reported earnings 18 days ago on August 12th, 2014, analy ...

American Eagle Outfitters Earnings Hinds...

When American Eagle Outfitters (NYSE:AEO) reported earnings 10 days ago on August 20th, ...

Post Earnings Update: K12 Has Sunk 3.0% ...

When K12 (NYSE:LRN) reported earnings 16 days ago on August 14th, 2014, analysts, on av ...

AnnTaylor Stores Earnings Hindsight: Up ...

When AnnTaylor Stores (NYSE:ANN) reported earnings 8 days ago on August 22nd, 2014, ana ...

Resolute Energy Earnings Review: 19 Days...

Two weeks ago on August 11th, 2014 Resolute Energy (NYSE:REN) reported earnings and ana ...

salesforce.com Earnings Review: 9 Days a...

When salesforce.com (NYSE:CRM) reported earnings a week ago on August 21st, 2014, analy ...

Post Earnings Update: JM Smucker Has Cli...

When JM Smucker (NYSE:SJM) reported earnings 10 days ago on August 20th, 2014, analysts ...