Allergan plc. (AGN) : Traders are bullish on Allergan plc. (AGN) as it has outperformed the S&P 500 by a wide margin of 4.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 8.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 5.94%. Allergan plc is up 16.8% in the last 3-month period. Year-to-Date the stock performance stands at -19.06%.
Allergan plc. (NYSE:AGN): On Fridays trading session , Opening price of the stock was $255.67 with an intraday high of $255.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $251.94. However, the stock managed to close at $252.95, a loss of 1.02% for the day. On the previous day, the stock had closed at $255.56. The total traded volume of the day was 2,287,586 shares.
Also, Credit Suisse initiates coverage on Allergan plc. (NYSE:AGN) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $327 per share. The rating by the firm was issued on July 25, 2016.