Chiasma (CHMA) Reaches New 52-Week High at $4.25
Chiasma Inc (NASDAQ:CHMA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.25 and last traded at $4.25, with a volume of 499 shares. The stock had previously closed at $4.08.
Separately, ValuEngine raised shares of Chiasma from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.
Chiasma (NASDAQ:CHMA) last released its earnings results on Thursday, August 9th. The biotechnology company reported ($0.36) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.36).
An institutional investor recently raised its position in Chiasma stock. Point72 Asset Management L.P. raised its stake in Chiasma Inc (NASDAQ:CHMA) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 896,600 shares of the biotechnology company’s stock after purchasing an additional 81,205 shares during the period. Point72 Asset Management L.P. owned 3.68% of Chiasma worth $1,345,000 as of its most recent SEC filing. Institutional investors own 60.75% of the company’s stock.
Chiasma Company Profile (NASDAQ:CHMA)
Chiasma, Inc, a clinical-stage biopharmaceutical company, focuses on developing oral medications using transient permeability enhancer technology platform for the treatment of rare and serious chronic disease in the United States, Europe, and internationally. The company offers oral octreotide capsules for adult patients under the MYCAPSSA name, which is in two Phase III clinical trials for the treatment of acromegaly, a condition that results in the body's production of excess growth hormone.
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