ACADIA Pharmaceuticals (ACAD) Earns Daily Media Impact Rating of 0.15
Media stories about ACADIA Pharmaceuticals (NASDAQ:ACAD) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ACADIA Pharmaceuticals earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 45.680560346296 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Hot Stock in Focus – ACADIA Pharmaceuticals Inc (NASDAQ: ACAD) – Alpha Beta Stock (alphabetastock.com)
- ACADIA Pharmaceuticals Inc. (ACAD): Ownership and Basic Trading Data – Market Movers (financialqz.com)
- Technical data gathered from ACADIA Pharmaceuticals Inc. (ACAD) – Wall Street Morning (wallstreetmorning.com)
- ACADIA Pharmaceuticals (ACAD) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
Shares of ACADIA Pharmaceuticals (NASDAQ ACAD) opened at $27.78 on Friday. ACADIA Pharmaceuticals has a fifty-two week low of $25.06 and a fifty-two week high of $41.20. The stock has a market cap of $3,400.00, a P/E ratio of -11.29 and a beta of 3.79.
ACAD has been the topic of a number of research reports. Jefferies Group reaffirmed a “buy” rating and issued a $47.00 price target on shares of ACADIA Pharmaceuticals in a research note on Thursday, October 12th. JPMorgan Chase & Co. set a $50.00 price objective on shares of ACADIA Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, October 5th. Leerink Swann reiterated a “market perform” rating on shares of ACADIA Pharmaceuticals in a report on Monday, October 9th. Zacks Investment Research downgraded shares of ACADIA Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, JMP Securities lifted their price objective on shares of ACADIA Pharmaceuticals from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. ACADIA Pharmaceuticals presently has an average rating of “Buy” and a consensus target price of $48.86.
In related news, Director Laura Brege sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $30.06, for a total transaction of $751,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $450,900. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Glenn Baity sold 74,321 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $30.14, for a total transaction of $2,240,034.94. The disclosure for this sale can be found here. 22.25% of the stock is currently owned by insiders.
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About ACADIA Pharmaceuticals
ACADIA Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of medicines for central nervous system (CNS) disorders. Its lead drug candidate, NUPLAZID (pimavanserin), is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis (PD Psychosis).
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