Achillion Pharmaceuticals major shareholder Ra Capital Management, Llc Sells 2,112,867 Shares (ACHN)
Achillion Pharmaceuticals (NASDAQ:ACHN) major shareholder Ra Capital Management, Llc sold 2,112,867 shares of Achillion Pharmaceuticals stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $11.35, for a total value of $23,981,040.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
A number of analysts have recently weighed in on ACHN shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Achillion Pharmaceuticals in a research note on Thursday, August 21st. 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 assigned a hold rating and seven have issued a buy rating to the company’s stock. Achillion Pharmaceuticals has an average rating of “Buy” and an average price target of $9.50.
Achillion Pharmaceuticals (NASDAQ:ACHN) traded down 2.55% on Wednesday, hitting $11.45. The stock had a trading volume of 13,542,610 shares. Achillion Pharmaceuticals has a 52-week low of $2.26 and a 52-week high of $12.06. The stock’s 50-day moving average is $7.9 and its 200-day moving average is $5.00. The company’s market cap is $1.120 billion. Achillion Pharmaceuticals also was the target of some unusual options trading activity on Monday. Investors purchased 8,149 call options on the stock. This represents an increase of 633% compared to the typical volume of 1,112 call options.
Achillion Pharmaceuticals (NASDAQ:ACHN) last announced its quarterly 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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