Shares of Vivus Under Pressure, Down 1.5%

Published on Fri, 04/12/2013 - 10:31
By Robert Cotter in Market movers, VVUS, market movers, nasdaq:vvus, vivus

Vivus (NASDAQ:VVUS), a company whose shares are moving quickly, is trading 1.5% lower to $11.34. The Dow Jones Industrial Average is now trading 0.4% lower to 14,804 and the S&P is trading 0.8% lower to 1,581.

VIVUS, Inc. develops and manufactures therapies for the treatment of men with erectile dysfunction. The Company is currently marketing MUSE and ACTIS in the United States and has license agreements with other companies to market its products internationally. VIVUS is also conducting clinical trials for another treatment.

Potential upside of 54.3% exists for Vivus, based on a current level of $11.34 and analysts' average consensus price target of $17.50. The stock should run into initial resistance at its 50-day moving average (MA) of $11.68 and subsequent resistance at its 200-day MA of $16.83.

In the past 52 weeks, shares of Vivus have traded between a low of $9.86 and a high of $31.21 and are now at $11.34, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has declined 1%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Quiksilver: New 52-Week Low Set Today (Z...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $3.08. So far today approxi ...

Xerox: The Winning Streak Continues (XRX...

Xerox (NYSE:XRX) traded at a new 52-week high today of $13.38. This new high was reach ...

Watch for Continued Losses in Shares of ...

Titan International (NYSE:TWI) traded today at a new 52-week low of $13.93. Approximat ...

Take-Two Interactive Software: The Winni...

Take-Two Interactive Software (NASDAQ:TTWO) traded at a new 52-week high today of $23.6 ...

Glacier Bancorp Shares Sinking Lower, Do...

One of today's stocks on the move is Glacier Bancorp (NASDAQ:GBCI), down 1.7% to $26.56 ...

Shares of TeleNav Fall Below Previous 52...

TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $5.03. Approximately 85,000 ...

Tempur-Pedic International Makes a Move:...

Tempur-Pedic International (NYSE:TPX), a company whose shares are moving quickly, is tr ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Theravance (NASDAQ:THRX) traded today at $22.01, breaking its 52-week low. A ...