Incyte Corporation (NASDAQ:INCY) Director Sells 28507 Shares of Stock

08 December, 2017, 14:53 | Author: Regina Silva

The stock decreased 1.55% or $2.84 during the last trading session, reaching $180.01.

A total of 1.21 Billion shares exchanged at hands and its average trading volume is standing at 1.83 Million shares. Incyte Corporation (NASDAQ:INCY) has risen 72.84% since December 8, 2016 and is uptrending. It has outperformed by 56.14% the S&P500. Sumitomo Mitsui Asset Management Company LTD raised its stake in Incyte by 1.0% in the third quarter. Chemical Bank acquired 8,240 shares as Ppl Corporation (PPL)'s stock rose 8.95%. The Orbimed Advisors Llc holds 1.66 million shares with $209.44M value, down from 1.97 million last quarter. Ppl Corporation now has $24.38 billion valuation. At the close of regular trading, its last week's stock price volatility was 2.95% which for the month reaches 2.63%. About 247,461 shares traded. It has underperformed by 16.70% the S&P500.

Guardian Life Insurance Communications Of America reported 0.01% in Incyte Corporation (NASDAQ:INCY). Therefore 83% are positive. Finally, Evercore ISI assumed coverage on Incyte in a research report on Wednesday, August 16th. The company was maintained on Tuesday, August 18 by Piper Jaffray. The firm earned "Buy" rating on Sunday, August 27 by BMO Capital Markets. The rating was maintained by Maxim Group with "Buy" on Thursday, September 15. (TDS) price hitting a mean target of $32.33 a share, meaning the stock still has potential that could lift the price another 21% Also, the recent close suggests the stock is underpriced by 34.73% compared to the most bullish target. The firm has "Outperform" rating given on Wednesday, November 1 by BMO Capital Markets. The firm earned "Overweight" rating on Tuesday, August 18 by Piper Jaffray. The rating was maintained by Oppenheimer on Tuesday, May 30 with "Hold".

Since June 12, 2017, it had 0 buys, and 1 sale for $1.95 million activity. Shares for $1.95 million were sold by GRYSKA DAVID W on Monday, June 12.

Investors sentiment decreased to 1.02 in 2017 Q2. During the same quarter in the previous year, the business earned $0.19 earnings per share. sell-side analysts anticipate that Incyte Corporation will post -1.33 EPS for the current fiscal year.

Incyte Corporation is maintained at an average outperform rating by 21 stock analysts, and there are at least 2.98% of shares outstanding that are now legally short sold.

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Institutional investors and hedge funds have recently made changes to their positions in the business. 184.77 million shares or 0.98% less from 186.59 million shares in 2017Q1 were reported.

Incyte Corporation's insider ownership stands at 0.5 percent, while its insider transaction is -7.05 percent. Natixis holds 0.1% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 71,804 shares. Schwab Charles Invest Inc has invested 0.06% in Incyte Corporation (NASDAQ:INCY). Artal Grp owns 400,000 shares for 0.88% of their portfolio. Tarbox Family Office Incorporated reported 0% stake. Ontario - Canada-based Td Asset Mgmt has invested 0.04% in Incyte Corporation (NASDAQ:INCY). 458,888 are owned by Pioneer. Ent Fincl Serv Corp holds 0% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 29 shares. Hightower Limited Com has invested 0.02% in Incyte Corporation (NASDAQ:INCY). Davis R M stated it has 12,750 shares. Axa reported 272,845 shares. Oak Ridge Invs Ltd Llc invested in 92,978 shares or 0.37% of the stock.

Incyte Corporation focuses on the discovery, development, and commercialization of proprietary therapeutics in oncology in the United States and internationally. Ing Groep Nv holds 0.85% or 290,148 shares in its portfolio. It also upped Nevro Corp stake by 373,500 shares and now owns 451,300 shares. Morgan Stanley initiated Incyte Corporation (NASDAQ:INCY) rating on Wednesday, March 23.

The collective rating of 2.3 for The Carlyle Group L.P. (NASDAQ:CG) also leans strongly towards the neutral end of the spectrum. The company was downgraded on Thursday, July 14 by Jefferies. The firm has "Buy" rating by Zacks given on Wednesday, August 12. The rating was maintained by BMO Capital Markets with "Outperform" on Wednesday, November 1. The brokerage now has a "sector perform" rating on the biopharmaceutical company's stock. Royal Bank Of Canada reduced their price target on shares of Incyte from $136.00 to $120.00 and set a "sector perform" rating for the company in a research report on Tuesday, November 21st.

Investors sentiment increased to 1.17 in 2017 Q2. Its up 0.12, from 0.83 in 2017Q1. Shares of INCY have sank -31.02% in the past three monthswhile the S&P 500 has dropped -36.32% in that time. 475.65 million shares or 0.25% less from 476.86 million shares in 2017Q1 were reported. Whittier Trust Of Nevada reported 0% stake. Thrivent For Lutherans owns 6,460 shares or 0% of their U.S. portfolio. Qs Limited Liability Corp has 0.28% invested in The Home Depot, Inc. Hsbc Holding Public Ltd Co reported 131,457 shares. Svcs Automobile Association invested in 0.05% or 125,990 shares. Dupont Cap Mngmt invested in 4,005 shares or 0% of the stock. Proshare Advsrs Ltd Liability Com accumulated 0.24% or 187,793 shares. (NYSE:HD). Qvt Limited Partnership owns 0.32% invested in The Home Depot, Inc. The fund owned 38,200 shares of the biopharmaceutical company's stock after purchasing an additional 2,659 shares during the quarter.

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