S&P 500   4,080.11
DOW   34,589.77
QQQ   293.36
The AP Interview: IMF head urges China to end mass lockdowns
A $226B Copper Spending Jackpot (Ad)
Santa Claus Rally? Here’s What Needs to Happen
Cosmos Holdings May be a Long-Term Buy with Short-Term Risk
A $226B Copper Spending Jackpot (Ad)
Dark Clouds Are Gathering For Cloud Stocks 
An inflation gauge closely tracked by the Federal Reserve slowed to a still-high 6% in October
A $226B Copper Spending Jackpot (Ad)
Powell: Fed to keep rates higher for longer to cut inflation
Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?
S&P 500   4,080.11
DOW   34,589.77
QQQ   293.36
The AP Interview: IMF head urges China to end mass lockdowns
A $226B Copper Spending Jackpot (Ad)
Santa Claus Rally? Here’s What Needs to Happen
Cosmos Holdings May be a Long-Term Buy with Short-Term Risk
A $226B Copper Spending Jackpot (Ad)
Dark Clouds Are Gathering For Cloud Stocks 
An inflation gauge closely tracked by the Federal Reserve slowed to a still-high 6% in October
A $226B Copper Spending Jackpot (Ad)
Powell: Fed to keep rates higher for longer to cut inflation
Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?
S&P 500   4,080.11
DOW   34,589.77
QQQ   293.36
The AP Interview: IMF head urges China to end mass lockdowns
A $226B Copper Spending Jackpot (Ad)
Santa Claus Rally? Here’s What Needs to Happen
Cosmos Holdings May be a Long-Term Buy with Short-Term Risk
A $226B Copper Spending Jackpot (Ad)
Dark Clouds Are Gathering For Cloud Stocks 
An inflation gauge closely tracked by the Federal Reserve slowed to a still-high 6% in October
A $226B Copper Spending Jackpot (Ad)
Powell: Fed to keep rates higher for longer to cut inflation
Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?
S&P 500   4,080.11
DOW   34,589.77
QQQ   293.36
The AP Interview: IMF head urges China to end mass lockdowns
A $226B Copper Spending Jackpot (Ad)
Santa Claus Rally? Here’s What Needs to Happen
Cosmos Holdings May be a Long-Term Buy with Short-Term Risk
A $226B Copper Spending Jackpot (Ad)
Dark Clouds Are Gathering For Cloud Stocks 
An inflation gauge closely tracked by the Federal Reserve slowed to a still-high 6% in October
A $226B Copper Spending Jackpot (Ad)
Powell: Fed to keep rates higher for longer to cut inflation
Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?

SVB Leerink Trims Arcellx (NASDAQ:ACLX) Target Price to $35.00

Arcellx (NASDAQ:ACLX - Get Rating) had its price objective dropped by research analysts at SVB Leerink to $35.00 in a research report issued on Thursday, Stock Target Advisor reports. SVB Leerink's price target points to a potential upside of 67.54% from the stock's current price.

A number of other brokerages have also recently weighed in on ACLX. Needham & Company LLC began coverage on Arcellx in a report on Thursday, October 27th. They set a "buy" rating and a $31.00 price objective on the stock. Guggenheim initiated coverage on Arcellx in a report on Monday, October 31st. They issued a "buy" rating and a $36.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Arcellx currently has a consensus rating of "Buy" and an average price target of $31.67.

Arcellx Stock Down 3.6 %

NASDAQ ACLX traded down $0.79 on Thursday, reaching $20.89. The company had a trading volume of 292,807 shares, compared to its average volume of 497,736. Arcellx has a 52-week low of $6.03 and a 52-week high of $26.91. The stock has a market capitalization of $915.40 million and a P/E ratio of -0.47. The company's fifty day moving average is $20.11 and its 200 day moving average is $18.01. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows


Large investors have recently made changes to their positions in the stock. Citigroup Inc. purchased a new stake in Arcellx during the 1st quarter valued at about $26,000. Amalgamated Bank purchased a new stake in Arcellx during the 1st quarter valued at about $31,000. Metropolitan Life Insurance Co NY purchased a new stake in Arcellx during the 3rd quarter valued at about $36,000. High Net Worth Advisory Group LLC boosted its stake in shares of Arcellx by 66.7% in the third quarter. High Net Worth Advisory Group LLC now owns 2,500 shares of the company's stock worth $47,000 after buying an additional 1,000 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Arcellx in the first quarter worth about $54,000. 92.30% of the stock is owned by institutional investors.

About Arcellx

(Get Rating)

Arcellx, Inc, a clinical-stage biotechnology company, engages in the development of various immunotherapies for patients with cancer and other incurable diseases. The company's lead ddCAR product candidate is CART-ddBCMA, which is in phase 1 clinical trial for the treatment of patients with relapsed or refractory (r/r) multiple myeloma (MM).

Further Reading

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Analyst Recommendations for Arcellx (NASDAQ:ACLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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