Advaxis Inc. (ADXS) Trading Up 26.6%
Advaxis Inc. (NASDAQ:ADXS) shares were up 26.6% during trading on Tuesday . The company traded as high as $11.25 and last traded at $10.72, with a volume of 4,712,068 shares traded. The stock had previously closed at $8.47.
A number of research analysts recently commented on ADXS shares. Jefferies Group restated a “buy” rating on shares of Advaxis in a research note on Friday, June 10th. HC Wainwright reissued a “buy” rating on shares of Advaxis in a research note on Thursday, April 21st. Finally, FBR & Co reissued an “outperform” rating and issued a $34.00 price target on shares of Advaxis in a research note on Tuesday, May 17th. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $24.80.
The firm’s 50 day moving average is $8.16 and its 200 day moving average is $7.98. The stock’s market capitalization is $379.97 million.
In other Advaxis news, Director Thomas J. Mckearn sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $7.45, for a total value of $30,545.00. Following the completion of the sale, the director now owns 82,120 shares in the company, valued at approximately $611,794. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Advaxis, Inc is a clinical-stage biotechnology company. The Company’s immunotherapies are based on a platform technology that utilizes live attenuated Listeria monocytogenes (Lm or Listeria) bioengineered to secrete antigen/adjuvant fusion proteins. It is focused on the discovery, development and commercialization of Lm-LLO cancer immunotherapies.
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