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Pompano Beach, FL -- (SBWIRE) -- 01/29/2013 -- On Tuesday, Drug manufacturing giant, Pfizer Inc (NYSE:PFE) announced experts targets toping fourth-quarter results, courtesy to improved sales in growing markets, but the drugmaker estimated that 2013 profits would be lesser than Wall Street has forecasted.
Should PFE a Buy or Sell Now? Find Out Here
Pfizer, the biggest US drug maker, reported that quarterly earnings augmented to $6.32 billion, or 86 cents a share, as it reported an increase from selling its nutritional products business to Swiss food groups Nestle SA (NESN.VX) for almost $12 billion in November.
Investors were pleased about rosy earnings by drug maker and Pfizer (NYSE:PFE) shares were changing hands up 2.83% at 11:01 AM EST.
At the current trading session, Pfizer Inc. (NYSE:PFE) shares are advanced +2.38% to $27.48 while the stocks are trading within the range of $26.94 – $27.52. In the past year, the stock has traded within a range of $20.75 – $27.52. Average daily trading volume is 32.42 million shares.
Will PFE Continue To Move Higher? Find Out Here
If we look at a few other stocks within industry, GlaxoSmithKline plc, Ventrus Biosciences Inc and Novartis AG are in the gainers list. Let’s have a quick look on their Market performance.
GlaxoSmithKline plc (ADR) (NYSE:GSK) shares are up +1.64% to $45.29 while the stock is trading within the range of $45.05 – $45.30 in the current trading session. In the last 12 months the shares have traded between $41.68 and $47.69. The average daily trading volume is 2.24 million shares.
For How Long GSK will Fight for Profitability? Read This Trend Analysis report
Ventrus Biosciences Inc (NASDAQ:VTUS) shares in the current session moved up +24.54% reaching $3.40. The stocks are trading in a range of $2.76– $3.92. In the last year the stock has moved within a range of $1.99 – $13.53. The Company’s average daily trading volume is 75,314 shares.
What was the Moving Force behind VTUS On Bullish Run? Read This Research Report
Another rival company, Novartis AG (ADR) (NYSE:NVS), is trading up +0.59% to $67.98. Intraday trading recorded the stock price in a range of $67.74 to $68.07. In the previous 52 weeks the stock’s price ranged between $51.20 and $68.43. Their average daily trading volume is 1.47 million shares.
For How Long NVS will Fight for Profitability? Read This Trend Analysis report
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