Achillion Pharmaceuticals Target of Unusually High Options Trading (ACHN)
Achillion Pharmaceuticals (NASDAQ:ACHN) was the target of unusually large options trading on Monday. Stock traders purchased 8,149 call options on the stock, StockRatingsNetwork reports. This is an increase of 633% compared to the average daily volume of 1,112 call options.
In other Achillion Pharmaceuticals news, major shareholder Ra Capital Management, Llc unloaded 4,235,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $40,359,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on ACHN. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Achillion Pharmaceuticals in a research note on Thursday. They now have a $10.00 price target on the stock, up previously from $4.00. Separately, analysts at Deutsche Bank upgraded shares of Achillion Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. They now have a $17.00 price target on the stock, up previously from $6.00. Finally, analysts at Maxim Group reiterated a “buy” rating on shares of Achillion Pharmaceuticals in a research note on Friday, August 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Achillion Pharmaceuticals has an average rating of “Buy” and an average price target of $9.50.
Achillion Pharmaceuticals (NASDAQ:ACHN) traded up 10.45% on Monday, hitting $10.78. 14,776,637 shares of the company’s stock traded hands. Achillion Pharmaceuticals has a 52-week low of $2.26 and a 52-week high of $10.18. The stock’s 50-day moving average is $7.6 and its 200-day moving average is $4.81. The company’s market cap is $1.054 billion.
Achillion Pharmaceuticals (NASDAQ:ACHN) last announced its earnings results on Thursday, August 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Analysts expect that Achillion Pharmaceuticals will post $-0.69 EPS for the current fiscal year.
Achillion Pharmaceuticals, Inc is a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases.
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