QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
NVDA   463.73 (-6.97%)
BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
F   12.65 (+3.10%)
ACB   9.61 (+0.10%)
DIS   201.91 (+6.27%)
BA   224.03 (+0.36%)
NFLX   493.33 (-4.47%)
PFE   34.35 (-0.12%)
QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
NVDA   463.73 (-6.97%)
BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
F   12.65 (+3.10%)
ACB   9.61 (+0.10%)
DIS   201.91 (+6.27%)
BA   224.03 (+0.36%)
NFLX   493.33 (-4.47%)
PFE   34.35 (-0.12%)
QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
NVDA   463.73 (-6.97%)
BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
F   12.65 (+3.10%)
ACB   9.61 (+0.10%)
DIS   201.91 (+6.27%)
BA   224.03 (+0.36%)
NFLX   493.33 (-4.47%)
PFE   34.35 (-0.12%)
QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
NVDA   463.73 (-6.97%)
BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
F   12.65 (+3.10%)
ACB   9.61 (+0.10%)
DIS   201.91 (+6.27%)
BA   224.03 (+0.36%)
NFLX   493.33 (-4.47%)
PFE   34.35 (-0.12%)
Log in

Clovis Oncology (NASDAQ:CLVS) Price Target Lowered to $13.00 at HC Wainwright

Tuesday, February 23, 2021 | MarketBeat

Clovis Oncology (NASDAQ:CLVS) had its price objective cut by investment analysts at HC Wainwright from $15.00 to $13.00 in a report released on Tuesday, The Fly reports. The firm currently has a "buy" rating on the biopharmaceutical company's stock. HC Wainwright's target price indicates a potential upside of 116.67% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Piper Sandler decreased their target price on Clovis Oncology from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, November 5th. JPMorgan Chase & Co. reaffirmed a "hold" rating on shares of Clovis Oncology in a research report on Sunday, November 1st. Finally, SVB Leerink reduced their price objective on Clovis Oncology from $4.00 to $3.00 and set an "underperform" rating for the company in a research report on Friday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Clovis Oncology has a consensus rating of "Hold" and a consensus price target of $8.58.

Shares of Clovis Oncology stock traded down $0.68 during midday trading on Tuesday, hitting $6.00. The company's stock had a trading volume of 382,213 shares, compared to its average volume of 9,443,767. The firm has a market capitalization of $529.91 million, a P/E ratio of -1.15 and a beta of 2.10. The stock has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $5.72. Clovis Oncology has a 1-year low of $3.62 and a 1-year high of $11.10.

In related news, insider Gillian C. Ivers-Read sold 10,990 shares of Clovis Oncology stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $7.97, for a total transaction of $87,590.30. 6.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. S&T Bank raised its holdings in Clovis Oncology by 100.0% during the fourth quarter. S&T Bank now owns 20,000 shares of the biopharmaceutical company's stock valued at $96,000 after buying an additional 10,000 shares in the last quarter. Squarepoint Ops LLC bought a new position in Clovis Oncology during the fourth quarter valued at about $542,000. Armistice Capital LLC raised its holdings in Clovis Oncology by 22.1% during the fourth quarter. Armistice Capital LLC now owns 2,256,000 shares of the biopharmaceutical company's stock valued at $10,829,000 after buying an additional 408,000 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Clovis Oncology by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 398,282 shares of the biopharmaceutical company's stock valued at $23,503,000 after buying an additional 4,425 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Clovis Oncology by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,286 shares of the biopharmaceutical company's stock valued at $352,000 after buying an additional 14,423 shares in the last quarter. Institutional investors own 57.83% of the company's stock.

About Clovis Oncology

Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.

Recommended Story: NASDAQ

The Fly

Analyst Recommendations for Clovis Oncology (NASDAQ:CLVS)

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 [email protected]


8 Stocks That Robinhood Investors Got Right

The online investing app Robinhood has been a clear pandemic winner. As more Americans were forced to work from home, many made the decision to begin testing their investing skills by trading stocks. Robinhood appeals to millennial and/or novice investors for several reasons. First, the app makes it fun. You might say it “gamefies” stock trading. With commission-free trades, investors have an incentive to trade frequently. And many users of the app do just that.

The second reason is that it allows investors to buy partial (or fractional) shares. Although Robinhood is often associated with penny stocks, the app lets investors buy shares of “pricey” stocks like Tesla (NASDAQ:TSLA) without having to pay for a full share right away.

And data shows that Robinhood investors have a healthier risk appetite than other investors. And that appetite has increased since the start of the pandemic. This lines up to the time when investors had more time on their hands.

With that said, many Robinhood investors have been, quite frankly, using the app to engage in a legal form of gambling. I say this because trying to dive quickly in and out of the market in an attempt to capture a profit may work. But historically, it’s a path to ruin.

However there are two sides to every story. And the same is true of Robinhood investors. There are many examples of where these investors have gotten it right. In this presentation, we’ll show you eight examples of stocks that the market and Robinhood investors have gotten exactly right.

View the "8 Stocks That Robinhood Investors Got Right".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.