Economy

Arbutus Biopharma Corporation (NASDAQ:ABUS) Signals Intraday Volatility - Up $0.98

At present, the stock is 10.17% separated from the 52 week high and 176.60% from the low. About 2 shares traded. Victory Capital Management Inc. owned about 0.24% of Arbutus Biopharma Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Arbutus Biopharma Corporation (NASDAQ:ABUS) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. The SI to Arbutus Biopharma Corporation's float is 1.2%.

The stock decreased 1.77% or $0.1 during the last trading session, reaching $5.55.

Arbutus Biopharma Corp (NASDAQ:ABUS) was the target of a large decline in short interest in the month of August. It has underperformed by 19.01% the S&P500.

About Arbutus Biopharma Corp Arbutus Biopharma Corporation, formerly Tekmira Pharmaceuticals Corporation, is a therapeutic solutions company. The company has market cap of $310.90 million. The Company is engaged in discovering, developing and commercializing a cure for patients suffering from chronic hepatitis B infection (HBV), a disease of the liver caused by the hepatitis B virus (HBV). It now has negative earnings. It is developing a pipeline focused on advancing Ribo Nucleic Acid interference therapeutics (RNAi) using its Lipid Nanoparticle technology. It fall, as 62 investors sold BAC shares while 560 reduced holdings. Therefore 80% are positive.

On average, analysts expect that Arbutus Biopharma Corp will report full-year sales of $7.5 million for the current financial year, with estimates ranging from $2 million to $7.5 million. They issued a "buy" rating and a $32.00 price objective for the company.

Taking a closer look into the volatility on shares of Arbutus Biopharma Corporation (NASDAQ:ABUS), we notice that the stock is 46.60% off of the 20-Day Simple Moving Average. The firm has "Sell" rating given on Friday, July 8 by Chardan Capital Markets. Arbutus Biopharma Corp presently has a consensus rating of "Buy" and an average price target of $12.81. The stock's market capitalization is 305.39M. As per Friday, August 7, the company rating was initiated by Wedbush.

08/05/2016 - Arbutus Biopharma Corporation was downgraded to "market perform" by analysts at Leerink Swann.

More notable recent Arbutus Biopharma Corp (NASDAQ:ABUS) news were published by: Seekingalpha.com which released: "Trading Arbutus Ahead Of Hepatitis B Data" on August 22, 2017, also Nasdaq.com with their article: "Company Spotlight: Arbutus Biopharma" published on September 15, 2017, Seekingalpha.com published: "Arbutus Biopharma: 2 Ways For Shareholders To Win" on April 05, 2017.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. The monthly stock performance comes in at 54.17%. Its down 0.01, from 0.91 in 2016Q3. Short shares fell from 550,388 to 418,041 over that period. 141 funds opened positions while 361 raised stakes. Partner Invest Mngmt Lp accumulated 9,875 shares.

As of the end of the quarter Sabby Management, LLC had sold a total of 399,600 shares trimming its position 61.6%. Holt Capital Advsr Ltd Dba Holt Capital Ptnrs Ltd Partnership invested 0.09% of its portfolio in U.S. Bancorp (NYSE:USB). The firm acquired 132,810 shares of the biopharmaceutical company's stock, valued at approximately $478,000. The Average True Range (ATR) is a measure of stock volatility. Rand Wealth Llc has 206,893 shares for 0.58% of their portfolio. Ubs Group Ag now holds 115 shares with a value of $0. Murphy Pohlad Asset Management Ltd Limited Liability Company holds 7,352 shares or 0.27% of its portfolio.



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