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Comparing Price Charts: Incyte Corporation (INCY), Sangamo Therapeutics, Inc. (SGMO)

Comparing Price Charts: Incyte Corporation (INCY), Sangamo Therapeutics, Inc. (SGMO)

Incyte Corporation (INCY) is an interesting player in the Healthcare space, with a focus on Biotechnology. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price.

Several other brokerages also recently weighed in on INCY. Also, the current price highlights a discount of 147.93% to analysts' high consensus price target. Royal Bank of Canada upped their price target on shares of Incyte from $123.00 to $138.00 and gave the company an "outperform" rating in a report on Wednesday, February 15th. JMP Securities reaffirmed an outperform rating and issued a $130.00 price target on shares of Incyte in a research report on Wednesday, January 18th. Nomura initiated coverage on shares of Incyte in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company.

Incyte Corporation (INCY) added 6.9% to reach $128.8 in the previous trading session. The co declared -1.23% change to end the trade at $36.04, with the overall traded capacity of 3.41 Million shares. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. The company's 50-day moving average is $126.97 and its 200 day moving average is $119.23.

Incyte (NASDAQ:INCY) last announced its quarterly earnings results on Thursday, May 4th. The biopharmaceutical company reported ($0.96) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.97) by $0.01. The business had revenue of $384.08 million for the quarter, compared to analysts' expectations of $359.19 million.

For a total return analysis, there is the 13.20% return on equity and the -20.80% return on assets to consider. The business's revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Comparatively, INCY posted earnings of $0.01 per share in the same quarter, a year earlier.

WARNING: This report was originally reported by BBNS and is the property of of BBNS. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. and worldwide trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/21/incyte-co-incy-price-target-raised-to-150-00-updated-updated-updated.html. In terms of the stock price in relation to its moving averages, company shares are -5.93% away from the 20-day moving average and -14.10% off of the 50-day average. Following the transaction, the executive vice president now directly owns 18,744 shares in the company, valued at $2,337,939.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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. Following the completion of the acquisition, the director now owns 4,177 shares in the company, valued at approximately $480,355. The disclosure for this sale can be found here.

Investors who are keeping close eye on SINA Corporation (SINA) stock; watched recent volatility movements, they can see that shares have been recorded at 4.74% for the week, and 3.01% for the last month. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Jana Partners LLC purchased a new position in Incyte during the third quarter valued at approximately $5,505,000. Janus Capital Management LLC now owns 483,335 shares of the biopharmaceutical company's stock valued at $64,606,000 after buying an additional 86,523 shares during the last quarter. Shikiar Asset Management Inc. bought a new stake in shares of Incyte during the third quarter valued at about $3,738,000. LLC now owns 1,104,616 shares of the biopharmaceutical company's stock worth $110,760,000 after buying an additional 90,098 shares during the last quarter. Janus Capital Management LLC boosted its stake in Incyte by 21.8% in the first quarter. IFP Advisors Inc now owns 1,043 shares of the biopharmaceutical company's stock worth $139,000 after buying an additional 66 shares in the last quarter.


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