Economy

Stock Traders Buy Large Volume of Intercept Pharmaceuticals Call Options (ICPT)

The stock has been active on the tape, now trading at $61.59, down from yesterday's close by -16.43%. (NASDAQ:ICPT) has an average volume of 758.86 Million.

Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) reported its EPS in the last quarter as $-3.46/Share beating the analyst estimate of $-3.64/Share by a difference of $0.18. The stock carved out a 52-week low down at $73.50. The correct version of this story can be viewed at https://stocknewstimes.com/2017/09/25/oppenheimer-holdings-inc-reaffirms-market-perform-rating-for-intercept-pharmaceuticals-inc-icpt.html.

Ocaliva accounted for almost all of Intercept's revenue of $30.9 million in the second quarter ended June 30. Currently, NVIDIA Corporation net profit margin for the 12 months is at 0%. Cantor Fitzgerald reaffirmed an "underweight" rating and set a $69.00 price objective (up from $60.00) on shares of Intercept Pharmaceuticals in a research report on Tuesday, August 8th.

The good news is there's still room for Intercept Pharmaceuticals, Inc.

So are analysts giving the Buy signal at this juncture? The CCI technical indicator can be used to help determine if a stock is overbought or oversold. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for ICPT and estimated EPS for next quarter is $ -3.44.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. $173.71's average target is 179.59% above currents $62.13 stock price. The stock is now moving below its 20-Day Simple Moving Average of -41.71% with a 50-Day Simple Moving Average of -44.66 percent. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Bright sold 394 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $111.31, for a total value of $28,161.43. Following the completion of the sale, the insider now directly owns 23,619 shares of the company's stock, valued at approximately $2,865,693.27. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is -35.09%.

The company now has an insider ownership of 3 Percent and Institutional ownership of 87.5 Percent. FMR LLC increased its holdings in Intercept Pharmaceuticals by 0.7% in the 2nd quarter. According to their observations and findings, the stock could provide a high EPS of $-2.52/share and a low EPS of $-3.78/share. Dynamic Technology Lab Private Ltd acquired a new position in Intercept Pharmaceuticals in the first quarter valued at $414,000. The Redwood Capital Management Llc holds 188,769 shares with $31.60 million value, down from 450,860 last quarter. Finally, Van ECK Associates Corp boosted its stake in Intercept Pharmaceuticals by 9.2% in the first quarter. Van ECK Associates Corp now owns 25,550 shares of the biopharmaceutical company's stock worth $2,890,000 after acquiring an additional 2,161 shares during the last quarter.

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07/31/2017: Intercept Pharmaceuticals, Inc. Both communications remind healthcare providers of the importance of the recommended reduced dosing of Ocaliva in PBC patients with moderate or severe hepatic impairment (Child Pugh B or C cirrhosis), while reiterating the importance of close monitoring of PBC patients for progression of their disease and the occurrence of liver-related adverse reactions.



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