Economy

Incyte Corporation (INCY) EVP Sells $2800000.00 in Stock

Incyte Corporation (INCY) EVP Sells $2800000.00 in Stock”

The stock's traded 3.15 million shares in session while it holds an average volume of 1.3 million shares. However, the institutional investors are observed to own 96.10% of the total shares. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Incyte Corporation worth $68,030,000 as of its most recent SEC filing. As of the end of the quarter Rock Springs Capital Management Lp had bought 4,000 shares growing its position 2.4%. Rhenman & Partners Asset Management Ab now controls 140,046 shares worth $17,633,000. The Company kept a record of 204.69 million floated shares and 206.99 million shares outstanding.

Janus Capital Management LLC reduced its holdings by shedding 241,429 shares a decrease of 62.7% in the quarter. State of Alaska Department of Revenue increased its position in shares of Incyte Corporation by 5.4% in the second quarter. IFP Advisors Inc now owns 1,043 shares of the biopharmaceutical company's stock valued at $139,000 after purchasing an additional 66 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Incyte Corporation by 2.8% in the second quarter.

Verisk Analytics, Inc.is a data analytics well-known provider serving clients in insurance, natural resources and financial services. $172,597 worth of Incyte Corporation (NASDAQ:INCY) was sold by GRYSKA DAVID W. On Friday, May 5 Trower Paul sold $365,100 worth of Incyte Corporation (NASDAQ:INCY) or 3,000 shares. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark legislation. Legal & General Group has an ownership of 738,591 stocks of the biopharmaceutical firms shares valued at $98,727,000 after scooping up an extra 76,447 shares through out the quarter. The information was declared in a transaction filed with the SEC which is available through the Security and Exchange Commission website. The disclosure for this sale can be found here. Insiders sold a total of 70,294 shares of company stock worth $9,072,019 in the last three months.

The stock increased 2.21% or $0.37 on September 8, reaching $17.12.

Incyte Corporation (INCY) opened at 134.34 on Friday. The company has market cap of $7.01 billion.

Moreover, Cibc Mkts has 0% invested in Incyte Corporation (NASDAQ:INCY). INCY's latest closing price was 8.07% away from the average-price of 200 days while it maintained a distance of 3.65% from the 50 Day Moving Average and 5.63% away compared to its SMA 20.

Incyte Corporation (NASDAQ:INCY) last announced its earnings results on Tuesday, August 1st. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.56 earnings per share. The company's net profit margin has achieved the current level of -11.8 percent and possesses 94.3 percent gross margin. The firm had revenue of $326.40 million during the quarter, compared to analyst estimates of $318.45 million. The company's revenue was up 32.5% compared to the same quarter past year. BMO Capital Markets boosted their price target on shares of Incyte Corporation from $144.00 to $146.00 and gave the company an "outperform" rating in a research report on Friday, May 5th.

Among 23 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 3 Hold.

EVP Steven H. Stein let go of 2,111 shares at an average price of $125.00 on August 29th. A statistical measure of the dispersion of returns (volatility) for INCY producing salvation in Investors mouth, it has week volatility of 5.28% and for the month booked as 3.27%. Morgan Stanley reissued an "overweight" rating and issued a $142.00 price objective on shares of Incyte Corporation in a research report on Friday, May 19th. Zacks Investment Research upgraded Incyte Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, May 23rd. J.P. Morgan maintained it with "Buy" rating and $14900 target in Tuesday, August 1 report. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. A beta of less than 1 indicates the stock will be less volatile than the market, and correspondingly, a beta of more than 1 indicates the stock's price will be more volatile than the market.

Incyte Corporation, launched on April 8, 1991, is a biopharmaceutical company. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).



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