PennyMac Trades Cancelled and 4 Stocks Enjoying 52-Week Highs

Novartis  (NYSE:NVS): Closing price $64.61

Chief executive Joe Jimenez of Novartis has told Bloomberg that his firm will limit deals this year to $4 billion, saying that “I don’t think we need a big acquisition in the short term. You may see us do more bolt-ons, that would range between $2 billion and $4 billion, not more than that.” Shares closed up 0.26 percent on the day at $64.61, having been traded in a 52-week range of $51.20 to $64.45.

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Pfizer (NYSE:PFE): Closing price $26.02

Pfizer reports that the European Commission has okayed expanding the use of it’s pneumococcal conjugate vaccine, Prevenar 13, to older children and adolescents aged between 6 and 17 years for active immunization for the prevention of invasive disease, pneumonia and acute otitis media caused by vaccine-type Streptococcus pneumoniae. Patients in this age group who have not previously received Prevenar 13 may have a single dose of the vaccine. The study met all endpoints, indicating immunogenicity, while establishing a safety profile in children and adolescents aged 6 to 17 years that is consistent with the safety profile established in previous trials in infants and young children. Shares closed up 0.15 percent on the day at $26.02, and have been traded in a 52-week range of $20.75 to $26.09.

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PennyMac Mortgage Investment Trust (NYSE:PMT): Closing price $27.28

In a decision that can not be appealed, Nasdaq, through Rule 11890B, has determined to cancel all trades on the participants’  behalf in security PennyMac Mortgage Investment Trust at or above $28.23, which were executed in Nasdaq between 10:39:00 and 10:40:00 Eastern Standard Time. Prior to this event, Nasdaq MarketWatch reported that it was investigating potentially erroneous transactions linked to the security PennyMac Mortgage Investment Trust. Shares closed up 3.26 percent on the day at $27.28, having been traded in a 52-week range of $16.98 to $26.53.

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Life Technologies Corporation (NASDAQ:LIFE): Closing price $52.59

The firm is collaborating with Boston Children’s Hospital in order to introduce launch Claritas Genomics, which is a new company created for the development of next-generation, genetic and genomics-based diagnostic testing solutions. The venture unites advanced instrumentation, software, and bioinformatics capabilities with a sophisticated clinical interpretation of test results and consultation by specialist physicians and medical genomics experts at Boston Children’s Hospital. Shares closed up 1.74 percent at $52.59, and have been traded in a 52-week range of $39.73 to $51.97.

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Monsanto Company (NYSE:MON): Closing price $98.50

Monsanto has three ongoing projects in its Ground Breakers on-farm testing program. along with 18 project advancements. Ground Breakers is a testing program that enhances the firm’s commercial decisions and allows farmers a firsthand look at future products in their fields; continues Intacta RR2 PRO in Brazil; and added Roundup Ready 2 Xtend soybeans (field trials under permit) and FieldScripts under Integrated Farming Systems in the United States. Shares closed up 2.67 percent on the day at $98.50, having been traded in a 52-week range of $69.70 to $96.71.

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