Economy

Zogenix, Inc. (NASDAQ:ZGNX) Traded Significantly Above Its 50 Day Average

The stock of Zogenix Incorporated (NASDAQ:ZGNX) registered a decrease of 4.36% in short interest. These are called exhaustion moves because typically when so many shares change hands there is no one left to keep pushing the price in the trending direction and it reverses (often quickly).

Over the past 50 days, Zogenix, Inc. stock's 0.93% off of the high and 61.69% removed from the low. SG Americas Securities LLC acquired a new position in shares of Zogenix in the 2nd quarter valued at about $100,000. Dimensional Fund Advisors LP boosted its position in shares of Zogenix by 89.4% during the first quarter. Trexquant Investment Lp owns 18,739 shares with a value of $272,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Zogenix by 1,794.4% during the second quarter.

After a recent scan, we have noticed that Zogenix, Inc. Institutional investors own 87.15% of the company's stock.

COPYRIGHT VIOLATION WARNING: "Vanguard Group Inc". Has $10.58 Million Holdings in Zogenix, Inc. "(ZGNX)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of United States and global trademark and copyright law. The legal version of this report can be accessed at https://weekherald.com/2017/09/08/vanguard-group-inc-raises-stake-in-zogenix-inc-zgnx.html.

Several research firms have commented on ZGNX. BidaskClub cut Zogenix from a "buy" rating to a "hold" rating in a research note on Friday, July 28th.

Among 5 analysts covering Zogenix (NASDAQ:ZGNX), 5 have Buy rating, 0 Sell and 0 Hold. They set a "buy" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. now owns 286,299 shares of the company's stock worth $4,152,000 after buying an additional 271,186 shares during the period. Current trade price levels places SNAP's stock about -47.01% away from the 52-week high and closed 38.30% away from the 52-week low.

In related news, major shareholder Life Sciences Maste Perceptive purchased 175,653 shares of Zogenix stock in a transaction dated Friday, June 30th. Shares are clocking price at $15.60 with change of 2.97%. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. (NASDAQ:ZGNX)'s stock is experiencing unusual volume during today's trading. The volume of 1.61 Million shares climbed down over an trading activity of 334.45 Million shares. A significant increase in trading volume means that more than double the average amount of stocks are moving. The company have shares float of 22.54 million.

Zogenix (NASDAQ:ZGNX) last posted its quarterly earnings results on Tuesday, August 8th.

In the last earnings report the EPS was $-3.42 and is estimated to be $-3.74 for the current year with 24,841,000 shares now outstanding. Last quarter, the company saw 7.13 million in total revenues. Zogenix had a negative return on equity of 70.75% and a negative net margin of 309.76%.

Zogenix, Inc., launched on May 11, 2006, is a pharmaceutical company engaged in developing and commercializing central nervous system (CNS) therapies that address specific clinical needs for people living with orphan and other CNS disorders. Over the past month the firm's stock is 52.58%, 11.30% for the last quarter, 50.46% for the past six-months and 75.68% for the previous year.



Like this

Latest


10 September 2017
11-Year-Old Dies After Hit-and-Run in Methuen
Steven Toro, 22, of Lawrence, was arrested Saturday. "When a child is involved.it's personal for all of us", said Haggar. A suspect has been arrested in Thursday's hit-and-run death of an 11-year-old in Methuen, Massachusetts.

10 September 2017
The Cenovus Energy Inc (CVE) Stock Rating Reaffirmed by Canaccord Genuity
The stock of SEI Investments Company (NASDAQ:SEIC) has "Outperform" rating given on Thursday, January 28 by Oppenheimer. Dorchester Wealth Management Co added to its investment by buying 31,849 shares an increase of 7.2% as of 06/30/2017.

10 September 2017
The Milestone Group Inc. Cuts Position in Home Depot, Inc. (The) (HD)
According to Finviz reported data, The SMA20 of the stock is at 4.4 percent, SMA50 is 4.52 percent, while SMA200 is 7.97 percent. The business had revenue of $28.11 billion during the quarter, compared to analysts' expectations of $27.84 billion.

10 September 2017
Trivago Shares Dive on Reduced Guidance
Trivago has an unusual business model, in that, unlike other travel websites, it does not allow users to actually make a booking. Therefore 45% are positive. trivago N.V. -... had 17 analyst reports since December 20, 2016 according to SRatingsIntel.

10 September 2017
Sault's Maurice gets contract extension
And they have brand new contract extensions to back that up. "(Cheveldayoff) is exactly what we thought we were hiring six years ago", Chipman said.

10 September 2017
Barca to Step Down as Assembly Minority Leader
Barca, of Kenosha, announced the move in a news release and he did not return a message left on his cellphone seeking comment. In his statement, Barca called resigning his post a hard decision reached after "deliberate, thoughtful discussions".

10 September 2017
Rhumbline Advisers Raises Stake in Medidata Solutions, Inc. (NASDAQ:MDSO)
Pub Employees Retirement Association Of Colorado has invested 0.01% of its portfolio in Medidata Solutions Inc (NASDAQ:MDSO). Sphinx Trading Lp invested 0.01% in Universal Technical Institute, Inc. 49,800 are held by Quantitative Mngmt Ltd Liability.

10 September 2017
Llorente has made a huge impact already - Pochettino
He is a very good person and at Swansea last season he scored 15 goals . "He is a ideal fit for us". Not all experienced players can bring what Fernando can bring to the team.

10 September 2017
Valley National Bancorp (VLY) Position Boosted by Rhumbline Advisers
Nisa Investment Advisors LLC increased its position in shares of Valley National Bancorp by 1.4% in the first quarter. Valley National Bancorp (NYSE:VLY) last posted its quarterly earnings results on Wednesday, October 26th.

10 September 2017
Texas Instruments Incorporated (TXN) Stake Increased by Mn Services Vermogensbeheer BV
Another trade for 1,150 shares valued at $96,308 was made by Sterin Steven on Thursday, June 1. (NYSE:PHM) on Wednesday, April 5. Zacks Lowered stocks of Texas Instruments from a "hold" recommendation to a "sell" recommendation in a study on Wed, Jun 28th.



Recommended