Economy

Kite Pharma, Inc. (NASDAQ:KITE) is Overbought As Indicated by Its RSI(14)

Moreover, Menora Mivtachim Holdings Ltd. has 5.91% invested in the company for 1.22 million shares. The Chief Commercial Officer now owns $10,971,477 of the stock as reported to the SEC. Kite Pharma, Inc. (KITE) average trading volume of 2,865,510 during the past month is 77.44% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. The same analysts have a future one-year price target of $156.56 on the shares. The value of the investment in (KITE) went from $64,354,000 to $41,468,000 decreasing 35.6% quarter to quarter. That brings Kim's holdings to $3,897,364 per an SEC filing yesterday.

Wildcat Capital Management Llc holds 66.42% of its portfolio in Kite Pharma Inc for 2.41 million shares. The shares were sold on September 25th for a price of $131.49.

08/08/2017 - Kite Pharma, Inc. had its "buy" rating reiterated by analysts at Jefferies. BlackRock Inc. now owns 3,995,272 shares of the biopharmaceutical company's stock worth $414,190,000 after buying an additional 373,301 shares during the period. Insiders own 14.00% of the company's stock. KITE was included in 5 notes of analysts from November 21, 2016.

Ratings analysis reveals 60% of Kite Pharma's analysts are positive.

On August 29 the company was set at "Hold" according to a Canaccord Genuity report which is down from the previous "Buy" rating. On Friday, April 28 the stock rating was maintained by BMO Capital Markets with "Hold". Finally, BTIG Research lowered shares of Kite Pharma from a "buy" rating to a "neutral" rating in a research report on Monday, August 28th. RSI levels 70 and above are considered overbought with RSI's under 30 indicating oversold. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

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06/26/2017 - Kite Pharma, Inc. had its "outperform" rating reiterated by analysts at Cowen. Citigroup downgraded the stock to "Sell" rating in Tuesday, May 16 report. Kite Pharma, Inc. The firm's market cap is $10.28 billion.

Kite Pharma, Inc. has a 50 day moving average of 148.92 and a 200 day moving average of 102.00. The biopharmaceutical company reported ($1.94) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.97) by $0.03. The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $9.59 million. During the same period in the previous year, the company earned ($0.91) EPS. The firm's revenue for the quarter was up 110.4% compared to the same quarter past year. Equities research analysts expect that Kite Pharma, Inc. will post ($8.23) EPS for the current fiscal year. The stock was sold at an average price of $107.69, for a total value of $1,292,280.00.

The share price of the company (NASDAQ:KITE) was up +0.04%, with a high of 179.87 during the day and the volume of Kite Pharma, Inc. shares traded was 1593616. Following the completion of the sale, the chief operating officer now owns 132,795 shares in the company, valued at approximately $13,689,836.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Cynthia M. Butitta sold 15,000 shares of the company's stock in a transaction dated Monday, July 10th. Nokia Corporation's beta is 1.27 whilst the stock has an average true range (ATR) of 0.09. The disclosure for this sale can be found here. Insiders have sold a total of 209,785 shares of company stock worth $27,323,220 in the last quarter. In looking the SMA 200 we see that the stock has seen a 96.16%.The Company's net profit margin for the 12 months at -.

05/08/2017 - Kite Pharma, Inc. was downgraded to "market perform" by analysts at Raymond James. The Firm is focused on the development and commercialization of cancer immunotherapy products to target and kill cancer cells.



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