A Technical Look At 2 Stocks: Incyte Corporation (INCY), DURECT Corporation (DRRX)
A Technical Look At 2 Stocks: Incyte Corporation (INCY), DURECT Corporation (DRRX)
19 May, 2017, 18:58
They issued a buy rating and a $148.00 price target on the stock. The target implies a 100% spike from where the shares are now trading. Zacks Investment Research cut Incyte from a "hold" rating to a "sell" rating in a research report on Wednesday, April 5th. Finally, Barclays PLC set a $135.00 price target on Incyte and gave the company a "buy" rating in a research report on Saturday, April 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock now has a consensus rating of Buy and an average target price of $139.68.
Media stories about Incyte (NASDAQ:INCY) have been trending somewhat positive on Monday, Alpha One Sentiment reports. Incyte Corporation (INCY) has made its way to a 12-month gain of 66.13%.
Currently, the market capitalization of Incyte Corporation (INCY) is 26.37 Billion.
Incyte Corporation (INCY)'s distance from 200 day simple moving average is 18.75 percent, its distance from 50 day simple moving average is -2.77 percent, while its distance from 20 day simple moving average is 6.13 percent.
Now the shares of Incyte Corporation (INCY) has a trading volume of 5.66 Million shares, with an average trading volume of 2540 shares - with shares dropping to a 52 week low of $71.75, and the company's shares hitting a 52 week high of $ 153.15.
Incyte Corporation (INCY) surprised the stock market in its last reported earnings when it earned -$0.68 a piece versus the consensus-estimated -$0.93.
The company's expected revenue in the current quarter to be 317.26 Million, seeing a projected current quarter growth of -111.1%, and per annum growth estimates over the next 5 year period of around 50%. The overall volume in the last trading session was 1.00 shares, versus the average volume of 1.92 million shares. The company's quarterly revenue was up 45.8% compared to the same quarter previous year. During the same quarter in the previous year, the firm posted $0.12 EPS.
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Incyte Co. (NASDAQ:INCY) was the recipient of a large increase in short interest in April. FMR LLC now owns 2,980,864 shares of the biopharmaceutical company's stock valued at $398,452,000 after buying an additional 219,923 shares during the period. A total of 3,361,644 shares exchanged hands as contrast to its average trading volume of 1.87 million shares. Following the sale, the director now owns 302,976 shares of the company's stock, valued at $45,058,590.72.
On 5/15/2017 Jean Jacques Bienaime, Director, bought 500 with an average share price of $115.00 per share and the total transaction amounting to $57,500.00. Following the sale, the executive vice president now owns 41,648 shares in the company, valued at approximately $5,742,426.24. The disclosure for this purchase can be found here. The stock spiked 3.42% last month and is up 28.45 this year. Institutional investors and hedge funds own 92.62% of the company's stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Incyte by 1.7% in the fourth quarter. American International Group Inc. now owns 17,183 shares of the biopharmaceutical company's stock worth $1,620,000 after buying an additional 674 shares during the last quarter. Analysts predict that Incyte will post ($0.76) earnings per share for the current year. FNY Partners Fund LP boosted its stake in shares of Incyte by 4,825.0% in the first quarter. Following the transaction, the insider now owns 20,754 shares of the company's stock, valued at approximately $2,864,052. Bank of Nova Scotia raised its position in shares of Incyte by 91.0% in the first quarter. Investors measure stock performance on the basis of a company's earnings power. Finally, Timber Hill LLC increased its position in Incyte by 46.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,328 shares of the biopharmaceutical company's stock worth $408,000 after buying an additional 72 shares during the last quarter. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time.
Incyte Corporation (INCY) belongs to the "Healthcare" sector with an industry focus on "Biotechnology", with Mr. Hervé Hoppenot as Chairman, Chief Exec. Officer and Pres.
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