Mylan N.V. (MYL) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of MYL have climbed 3.11% about 30 minutes into the session to $43.21 after closing the day prior at $41.91. It’s early, but the stock has traded as high as $43.72 and as low as $42.29 so far. Today’s quick advance has come with about 1.05 million shares changing hands, compared to an average 30-day volume of 7.05 million for Mylan N.V.. The price is currently below the 30-day volume weighted average price of $42.99 for MYL.
The share appreciation gives the company a market capitalization of $22.42 billion based upon 534.91 million shares outstanding. It also means that MYL has a price-to-book ratio of 2.17:1 and a price-to-earnings ratio of 26.7:1.
In the past 52 weeks, shares of MYL have traded as low as $37.59 and as high as $55.505. Technical traders will take note that at $43.21, shares of MYL are trading below their 200-day MA at $46.5 and below their 50-day MA at $45.07. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is MYL?
Mylan NV along with its subsidiaries is a pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals. The company’s 35000 employees are led by CEO Heather Bresch from the corporate headquarters at Building 4, Trident Place.
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