Active Biotech Stocks Prana Biotech Ltd (NASDAQ PRAN) & Applied Genetic Corp (NASDAQ AGTC)

Biotech stock market news

In this article, we take a look at two stocks which have been in news recently, Prana Biotech Ltd (NASDAQ PRAN) & Applied Genetic Corp (NASDAQ AGTC). Keep an eye out for both these active stocks which have been performing well on the wall street. With new recruits coming in for either of them, the two stock would look to reach higher targets.

Prana Biotechnology Limited (ADR) (NASDAQ:PRAN) on May 14 announce Professor Ira Shoulson will join the Company’s Board of Directors as a Non-Executive Director. Professor Shoulson is one of the world’s foremost experts in neurodegenerative diseases and movement disorders, and the founder of international academic consortia the Huntington Study Group and Parkinson Study Group, which have been instrumental in the development of innovative drugs to treat these disabling neurological conditions. This is his first company Board position.

Applied Genetic Technologies Corp. (NASDAQ:AGTC), a clinical stage biotechnology company developing adeno-associated virus -based gene therapies for the treatment of rare eye diseases, on 1st July announced the appointment of Matthew Feinsod to the position of Product Development Officer.

Prana Biotech Ltd (NASDAQ PRAN) & Applied Genetic Corp (NASDAQ AGTC)

On last trading day Applied Genetic Technologies Corp (NASDAQ:AGTC) ended up -3.93%lower to close at $22.22 while trading in the range of $21.65 – $25.09. Its return on assets (ROA) is -60.40% while return on investment (ROI) is 10.60%.Applied Genetic Technologies Corp (NASDAQ:AGTC) monthly performance is 3.73%.

The News of a new Non Executive Director was taken well by the stock holders of Prana Biotech Limited. Prana Biotechnology Limited (NASDAQ PRAN) belongs to Healthcare sector with market capitalization of 95.37 million. In last trading activity company’s stock closed at $2.29 while opening price was $2.29.

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Both the stocks Prana Biotech Ltd (NASDAQ PRAN) & Applied Genetic Corp (NASDAQ AGTC) would look to have a bullish run in the near future. They have both been around some very encouraging news. How the stocks respond to the change of guard remains to be seen.

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