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IPSEN (OTCMKTS:IPSEY) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

IPSEN logo with Medical background

Key Points

  • IPSEN's share price has crossed above its 200-day moving average, indicating potential upward momentum, with the stock last trading at $31.62.
  • The company has increased its dividend from $0.23 to $0.2896 per share, representing a substantial dividend yield of 97.0%.
  • IPSEN is engaged in biopharmaceutical development, with multiple products in clinical trials across oncology, neuroscience, and rare diseases.
  • Want stock alerts on IPSEN? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of IPSEN (OTCMKTS:IPSEY - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.64 and traded as high as $31.62. IPSEN shares last traded at $31.62, with a volume of 838 shares trading hands.

IPSEN Price Performance

The company's fifty day simple moving average is $30.70 and its 200-day simple moving average is $29.62.

IPSEN Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.2896 per share. The ex-dividend date was Monday, June 9th. This is an increase from IPSEN's previous dividend of $0.23. This represents a dividend yield of 97.0%.

About IPSEN

(Get Free Report)

Ipsen SA operates as a biopharmaceutical company worldwide. The company provides drugs in the areas of oncology, neuroscience, and rare diseases. Its product pipeline comprises Cabometyx + Atezolizumab, which is in phase III clinical trial for the treatment of second line metastatic castration-resistant prostate cancer; lenalidomide and rituximab, and Taverik, which is in phase III for the treatment of second line follicular lymphoma; Bylvay, which is in phase III for the treatment of biliary atresia; Dysport, which is in phase III clinical trial for the treatment of chronic and episodic migraine; Fidrisertib, which is in phase II clinical trial for the treatment of fibrodysplasia ossificans progressiva; Elafibranor, which is in phase II for the treatment of primary sclerosing cholangitis, as well as IPN60250; IPN10200, which is in phase II for the treatment of longer-acting neurotoxin aesthetics and therapeutics; IPN60210, which is in phase I clinical trial for the treatment of relapsed/refractory multiple myeloma; and IPN60260 for the treatment of Viral cholestatic disease and is in phase I clinical trial.

See Also

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