AKCEA THERAPEUT (AKCA) Hits New 12-Month High at $17.33
AKCEA THERAPEUT (NASDAQ:AKCA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $17.33 and last traded at $17.33, with a volume of 472,105 shares changing hands. The stock had previously closed at $15.08.
Several equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on AKCEA THERAPEUT in a research report on Tuesday, August 8th. They issued an “outperform” rating and a $25.00 target price for the company. Stifel Nicolaus assumed coverage on AKCEA THERAPEUT in a research report on Tuesday, August 8th. They issued a “buy” rating and a $19.00 target price for the company. Wells Fargo & Company assumed coverage on AKCEA THERAPEUT in a research note on Tuesday, August 8th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Cowen and Company assumed coverage on AKCEA THERAPEUT in a research note on Tuesday, August 8th. They issued an “outperform” rating for the company.
The company’s market capitalization is $1.11 billion. The stock’s 50-day moving average is $11.44 and its 200 day moving average is $11.44.
In related news, major shareholder Ionis Pharmaceuticals Inc bought 3,125,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $25,000,000.00. Following the completion of the purchase, the insider now owns 28,884,540 shares in the company, valued at $231,076,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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AKCEA THERAPEUT Company Profile
Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).
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