Markets

Clovis Oncology's 45% Pre-Market Surge, Explained

Clovis Oncology's 45% Pre-Market Surge, Explained

Ghost Tree Capital Ltd Liability reported 220,000 shares stake. They noted that the move was a valuation call. Federated Invsts Inc Pa holds 0% in Clovis Oncology Inc (NASDAQ:CLVS) or 14,423 shares. It dived, as 30 investors sold Clovis Oncology Inc shares while 48 reduced holdings. Tiaa Cref Investment Ltd Liability Corp, New York-based fund reported 273,070 shares. The company now has an average rating of "Buy" and an average target price of $63.33.

Shares of Clovis Oncology (NASDAQ CLVS) traded up 46.54% during mid-day trading on Monday, hitting $87.88.

Halliburton Company (NYSE:HAL) shares were last seen up 0.43% at $44.27, which is 40.79% higher than the previous trading session. The stock's market capitalization is 2.68B, it has a 52-week low of 11.57 and a 52-week high of 74.94. Clovis Oncology is headquartered in Boulder, Colorado and has additional offices in San Francisco, California and Cambridge, United Kingdom. Alibaba Group Holding Ltd (NYSE:BABA) distance from 200-day simple moving average (SMA200) is 28.60%.

Press coverage about Clovis Oncology (NASDAQ:CLVS) has trended positive recently, Alpha One reports. The latest reports which are outstanding on Monday 19th of June state 3 analysts have a rating of "strong buy", 5 analysts "buy", 3 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell". The firm had revenue of $7.05 million for the quarter, compared to analysts' expectations of $6.04 million. It now has negative earnings.




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Rice Energy Inc. (NYSE:RICE) shares typically trade an average volume of 3824.41 and institutions hold 93.70% of the total shares. The fund owned 972,696 shares of the biopharmaceutical company's stock after selling 647,659 shares during the period. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Following the completion of the transaction, the insider now directly owns 203,583 shares in the company, valued at $9,647,798.37. Blackrock Inc stated it has 2,565 shares. Finally, Guggenheim Capital LLC purchased a new stake in Clovis Oncology during the fourth quarter valued at approximately $2,824,000. SunTrust maintained it with "Buy" rating and $50.0 target in Friday, September 23 report. Clough Capital Partners L P increased its stake in Clovis Oncology by 0.6% in the first quarter. Consonance Capital Management LP now owns 3,531,487 shares of the biopharmaceutical company's stock valued at $127,310,000 after buying an additional 595,000 shares in the last quarter. Stock institutional ownership is 84.30% while insider ownership includes 0.50%.

Fresh cancer data from Clovis Oncology illustrates this point. "If approved, Rubraca would have the broadest label of any PARP inhibitor in ovarian cancer. which we think should bode well for the commercial uptake of the drug", Schmidt said, calling the company a prime takeout candidate. Rucaparib is an oral, small molecule poly adenosine diphosphate (ADP)-ribose polymerase (PARP) inhibitor of PARP1, PARP2 and PARP3 approved as a monotherapy for the treatment of patients with deleterious breast cancer (BRCA) (human genes associated with the fix of damaged deoxyribonucleic acid (DNA)) mutation (germline and/or somatic) associated advanced ovarian cancer.


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