PPD Inc. (NASDAQ:PPD) traded at a new 52-week high today of $46.93. Approximately 118,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
PPD is a global contract research organization that provides clinical trial and laboratory services to pharmaceutical, device, and diagnostic firms. The clinical development services segment offers outsourced trial services, spanning early- and late-stage trials, as well as peri- and post-approval trials, and the laboratory services segment includes both advanced lab testing and central lab services. The company was taken private in 2011 and went public again in 2020.. Thermo Fisher Scientific announced it will acquire PPD for $17.4 billion, which is scheduled to close by the end of 2021.
In the past 52 weeks, shares of PPD Inc. have traded between a low of $31.54 and a high of $46.93 and is now at $46.93, which is 49% above that low price.
PPD Inc. (NASDAQ:PPD) defies analysts with a current price ($46.93) 53.6% above its average consensus price target of $21.76.
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