West Pharmaceutical Services ( (WST) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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West Pharmaceutical Services’ stock experienced unusual movement due to the company’s impressive Q3 revenue of $804.6 million, which exceeded expectations. This growth was driven by strong performances in its Proprietary Products and Contract Manufacturing segments, especially in HVP Components and GLP-1 products. As a result, analysts have adjusted their price targets for the company upwards.
More about West Pharmaceutical Services
YTD Price Performance: -15.23%
Average Trading Volume: 675,940
Technical Sentiment Signal: Buy
Current Market Cap: $20.09B
For further insights into WST stock on TipRanks’ Stock Analysis page.
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