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

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



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'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
Exact Sciences Corporation (EXAS) Shares Sold by JPMorgan Chase & Co
The stock of EXACT Sciences Corporation (NASDAQ: EXAS ) earned "Buy" rating by Leerink Swann on Thursday, August 24. Point72 Asset Management L.P. raised its position in Exact Sciences Corporation by 1,534.3% in the first quarter.

10 September 2017
What's in Restaurant Brands International Inc (QSR) After Forming Ascending Triangle?
Credit Suisse has upgraded Restaurant Brands Int'l (TSE: QSR ) from Neutral to Outperform in a statement released on 9/7/2017. Following the sale, the executive vice president now owns 21,684 shares in the company, valued at $1,280,440.20.

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
Osinbajo Denies 2019 Presidential Ambition
The group however stated clearly on its site that the vice president is not party to their activities or funding them. The group however adds that the vice president has no connection with the campaign as "we have never met him".

10 September 2017
MiMedx Group, Inc. (MDXG): Insider Trading and Ownership Analysis
UBS Asset Management Americas Inc. grew its position in shares of MiMedx Group by 56.5% during the 4th quarter. Needham & Company LLC started coverage on shares of MiMedx Group in a research report on Thursday, August 3rd.

10 September 2017
Oasis Petroleum Inc (NYSE:OAS) Quarterly Sentiment Change Report
Oasis Petroleum trading down by 6.723% since yesterday's close of 7.66 and has one of the biggest price drops of the day. On July 18, 2017 the stock rating was rated "Buy" according to a Deutsche Bank report a cut from the previous "Buy" rating.

10 September 2017
Illini move to 2-0 with win over Western Kentucky
Taking the second half kickoff, IL marched down the field in 15 plays while covering 85 yards and killing 6:41 off the clock. There's a long season ahead of us. "It's on me and the other captains to remind our team of that and keep pushing".

10 September 2017
SS&C Technologies Holdings (SSNC) Receives Media Sentiment Rating of 0.19
Finally, Public Employees Retirement System of OH raised its stake in SS&C Technologies Holdings by 24.6% in the second quarter. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46.

10 September 2017
Former WWE Diva and TNA Knockout Announces Pregnancy, Expecting Quadruplets
I am like, beyond excited. "I am beyond excited, I am also scared and petrified and every emotion in the book". Her doctors have deemed this a rather high-risk pregnancy so Hemme needs to take it easy for a while.