Charleston, SC -- (SBWIRE) -- 08/26/2013 -- Today’s Penny Stocks wants you, the investor, to have the ability to be informed in your trading decisions. Our website is designed to take you to the information you need to be at the top of your game in trading penny stocks. Today’s Penny Stocks issues news updates on the following stock:- Amgen, Inc. (NASDAQ:AMGN), 3D Systems Corporation (NYSE:DDD)
Amgen, Inc. (NASDAQ:AMGN) stock is trading higher in the current trading session following the biotechnology company’s announcement that it is buying Onyx Pharmaceuticals Inc. in a deal valued at $10.4 billion. AMGN shares rose 9.17 percent to $115.28 today on volume of 6.38 million.
How Should Investors Trade AMGN Now? Don’t Miss out a Specia l Trend Analysis
The acquisition will provide Amgen access to a rapidly growing cancer-drug market with a new product that will boost its revenue. Amgen will pay Onyx $125 per share, which indicates a 4.2 percent increase from $120 per share it offered back in June. The deal is expected to close during the fourth quarter of this year.
3D Systems Corporation (NYSE:DDD) stock is advancing in the mid-day trading session today after an analyst at Citigroup, Ken Wong issued a “buy” rating on 3D Systems shares in a research note sent to investors on Monday.
What DDD’s Charts Are Signaling for Traders? Find Out Here
Wong set a price target of $60 per share for 3D Systems stock. Wong said that the 3D-printing market will increase three times in the coming five years that will ultimately boast a market value of more than $6 billion. DDD shares are currently trading at $52.61 on volume of 5.73 million.
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