Geron Corp. Target of Unusually High Options Trading (GERN)
Geron Corp. (NASDAQ:GERN) was the recipient of unusually large options trading activity on Friday. Traders bought 6,709 call options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 707% compared to the average volume of 831 call options.
GERN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Geron Corp. (NASDAQ:GERN) in a research note to investors on Tuesday, September 10th. They now have a $1.75 price target on the stock. Analysts at Piper Jaffray Cos. upgraded shares of Geron Corp. (NASDAQ:GERN) from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, August 9th. They now have a $4.00 price target on the stock, up previously from $1.50.
Geron Corp. (NASDAQ:GERN) traded up 10.45% on Friday, hitting $3.70. The stock had a trading volume of 6,095,795 shares. Geron Corp. has a 1-year low of $0.91 and a 1-year high of $3.46. The stock’s 50-day moving average is $1. and its 200-day moving average is $1.38. The company’s market cap is $476.0 million.
Geron Corp. (NASDAQ:GERN) last announced its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $0.11 million for the quarter, compared to the consensus estimate of $0.50 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. Analysts expect that Geron Corp. will post $-0.29 EPS for the current fiscal year.
Geron Corporation (NASDAQ:GERN) is a biopharmaceutical company developing therapies for cancer.
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