On June 23, 2014, Shire PLC (SHPG) is expected to build up a case to defend itself against AbbVie Inc (NYSE:ABBV), unsolicited £27 billion ($46.5 billion) takeover approach as it follows in the footsteps of AstraZeneca plc (AZN) and Smith & Nephew plc (SNN), which were both targeted by US-based rivals earlier this year. AstraZeneca was successful in thwarting Pfizer Inc.’s (PFZ) bid to acquire the company. Similarly, Smith & Nephew, which only attracted faltering interest from Stryker Corporation (SYK), once again did not succumb to pressure when it came to getting bought by the drug giant. AbbVie Inc (NYSE:ABBV), net profit margin is 21.80% and weekly performance is 3.03%. On last trading day company shares ended up $58.22. Analysts mean target price for the company is $62.43. AbbVie Inc (NYSE:ABBV), distance from 50-day simple moving average (SMA50) is 8.86%.
On June 26, 2014, It is with great sadness that Celgene Corporation (NASDAQ:CELG), announces the death of Rodman L. Drake, a member of its Board of Directors since 2006. Celgene Corporation (NASDAQ:CELG), advanced 0.13% in last trading session and ended the day on $90.19. CELG, Gross Margin is 94.90% and its return on assets is 10.40%. Celgene Corporation (NASDAQ:CELG), quarterly performance is 25.61%.
On July 02, 2014, Perceptive Advisors, managed by Joseph Edelman, is bullish on Amicus Therapeutics, Inc. (NASDAQ:FOLD). In a new filing with the U.S. Securities and Exchange Commission, Perceptive Advisors revealed that it has purchased 4.0 million shares of the company in two transactions at an average price of $3.5 for an aggregate price of $14.0 million. Currently, the fund owns 12.34 million shares of common stock of Amicus Therapeutics Inc. (NASDAQ:FOLD), up from 8.34 million shares reported previously. Amicus Therapeutics, Inc. (NASDAQ:FOLD), shares moved up 1.01% in last trading session and was closed at $4.02, while trading in range of $3.94 – 4.31. Amicus Therapeutics, Inc. (NASDAQ:FOLD), year to date (YTD) performance is 71.06%.
Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), CEO Paasschen Frits D. Van unloaded 51,435 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $81.01, for a total transaction of $4,166,749.35. Following the sale, the chief executive officer now directly owns 246,915 shares in the company, valued at approximately $20,002,584. Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), ended the last trading day at $83.12. Company weekly volatility is calculated as 1.21% and price to cash ratio as 24.29. Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), showed a negative weekly performance of 2.74%.
Time Warner Cable Inc (NYSE:TWC)‘s stock had its “overweight” rating restated by investment analysts at Evercore Partners in a note issued to investors on Monday. They currently have a $178.00 target price on the stock, up from their previous target price of $149.00. Evercore Partners’ price target indicates a potential upside of 19.91% from the stock’s previous close. Time Warner Cable Inc (NYSE:TWC), net profit margin is 9.10% and weekly performance is 2.67%. On last trading day company shares ended up $150.51. Analysts mean target price for the company is $156.20. Time Warner Cable Inc (NYSE:TWC), distance from 50-day simple moving average (SMA50) is 6.44%.