AMAG Pharmaceuticals Inc
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Health Care : Biotechnology | Small Cap Value
Company profile

AMAG Pharmaceuticals, Inc. is a pharmaceutical company. The Company's segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse. It is engaged in the development of Digoxin immune fab, a polyclonal antibody for the treatment of severe preeclampsia in pregnant women. Makena is a drug indicated to reduce the risk of preterm birth in women pregnant with a single baby having a history of singleton spontaneous preterm birth.

Closing Price
$13.67
Day's Change
0.01 (0.07%)
Bid
--
Ask
--
B/A Size
--
Day's High
13.67
Day's Low
13.61
Volume
(Light)
Volume:
723,563

10-day average volume:
1,312,130
723,563

GE's stock gets a big boost from news that Boeing's 737 MAX could fly again this year

10:41 am ET October 16, 2020 (MarketWatch)
Print

Tomi Kilgore

GE shares are on track to close at a 4-month high

Shares of General Electric Co. charged higher in active trading Friday, on growing hopes that Boeing Co.'s grounding 737 MAX planes will be able to fly again soon.

The industrial conglomerate's stock (GE) shot up 4.2% in morning trading, which puts it on track for the highest close since June 18. Trading volume was 42.1 million shares, enough to make the stock the third-most active on the New York Stock Exchange.

European Union Aviation Safety Agency Executive Director Patrick Ky said in an interview with Bloomberg (https://www.bloomberg.com/news/articles/2020-10-16/boeing-max-declared-safe-to-fly-by-europe-s-aviation-regulator?srnd=premium-europe) that the safety upgrades Boeing (BA) made to its MAX planes could mean they can return to European airspace by the end of the year (https://www.marketwatch.com/story/head-of-europes-aviation-regulator-says-hes-satisfied-with-changes-made-to-boeing-max-aircraft-11602845396).

The 737 MAX aircraft have been grounded since March 2019, following two deadly crashes within a five-month period.

GE's aerospace division, which makes engines featured in the 737 MAX aircraft, reported in July a second-quarter revenue decline of 44% from a year ago, making it by far the weakest of the company's major business segments. For the third quarter, the FactSet revenue consensus for GE Aviation of $4.93 billion implies a 39% decline.

Don't miss: GE's stock sinks, as CEO Culp can't call a bottom in the Aviation business (https://www.marketwatch.com/story/ges-stock-sinks-as-ceo-culp-cant-call-a-bottom-in-the-aviation-business-2020-07-29).

Boeing's stock rose as much as 5.6% intraday before paring some gains to be up 3.2% in morning trading.

GE's stock has dropped 35.8% year to date, while Boeing shares have shed 48.0% and the Dow Jones Industrial Average has gained 1.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 16, 2020 10:41 ET (14:41 GMT)

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