Economy

Dermira shares halted on news of acne drug failure

Dermira shares halted on news of acne drug failure”

About 24.62 million shares traded or 3887.47% up from the average. The biopharmaceutical company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.25) by ($0.09). Dermira Inc has a 12-month low of $9.30 and a 12-month high of $38.39.

In the Monday Pre-Market trade DERM is trading at $9.26, down $15.90 or 63.20%. About 29,111 shares traded. It has underperformed by 24.14% the S&P500.The move comes after 5 months negative chart setup for the $398.34M company.

Dermira, Inc is a biopharmaceutical company. The company has a market cap of $379.74, a price-to-earnings ratio of -1.23 and a beta of 0.86.

Trading stocks at an all time low is not easy. Blackrock has 3.94 million shares. General Electric Company (NYSE:GE) has declined 4.46% since March 5, 2017 and is downtrending. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Stifel Nicolaus has "Buy" rating and $32 target. The rating was downgraded by Jefferies to "Hold" on Wednesday, October 28. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Monday, June 12 by Oppenheimer. The firm has "Neutral" rating given on Wednesday, December 23 by Goldman Sachs.

Since September 18, 2017, it had 0 buys, and 11 sales for $1.56 million activity. State Street Corp now owns 821,748 shares of the biopharmaceutical company's stock worth $23,946,000 after purchasing an additional 228,093 shares in the last quarter.

Investors sentiment increased to 1.09 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings. 17 funds opened positions while 28 raised stakes. Atlantic Tru Gru Lc reported 500,000 shares stake. (NASDAQ:DERM). Goldman Sachs Grp Inc has 174,210 shares. Credit Suisse Ag reported 0.01% stake. Advisory Services Networks Lc owns 2,400 shares or 0% of their United States portfolio. Callahan Advsrs Ltd Liability Corp holds 1.83% or 359,204 shares in its portfolio. Northwestern Mutual Wealth has 140 shares. Veritable Limited Partnership holds 0.21% of its portfolio in General Electric Company (NYSE:GE) for 412,875 shares. Royal Financial Bank Of Canada reported 69,122 shares. (NYSE:POST). Private Trust Na has 0.05% invested in Post Holdings, Inc. Tnb Fin holds 363,965 shares. First Fin Bank accumulated 188,811 shares. As per Friday, November 10, the company rating was maintained by Bank of America. (NASDAQ:DERM) for 42,543 shares. (NASDAQ:DERM) or 70,000 shares.

Investors sentiment increased to 2.03 in 2017 Q3. Its up 0.64, from 1.39 in 2017Q2. It is positive, as 15 investors sold Dermira, Inc. shares while 21 reduced holdings. Loomis Sayles Company Lp reported 509,742 shares. Cubist Systematic Strategies Ltd Limited Liability Company reported 55 shares. Rhenman & Prtnrs Asset Mgmt owns 100,000 shares or 0.34% of their USA portfolio. Vanguard Group Inc stated it has 0% in Dermira, Inc. Manufacturers Life The stated it has 0% in Dermira, Inc. Tekla Capital Limited Liability Com has invested 0.38% of its portfolio in Dermira, Inc. Great West Life Assurance Can has 0% invested in Dermira, Inc. (NASDAQ:DERM). D E Shaw & holds 33,779 shares. Schwab Charles Inv Inc reported 0% of its portfolio in Dermira, Inc. The stock has "Buy" rating by J.P. Morgan on Tuesday, January 9. Services Automobile Association has invested 0% of its portfolio in Dermira, Inc.

Today, Dermira (NASDAQ:DERM) stock was downgraded by Mizuho from Buy to Neutral. Therefore 89% are positive.

Other research analysts have also issued reports about the company. Cantor Fitzgerald maintained Dermira, Inc. (NASDAQ:DERM) on Friday, February 23 with "Buy" rating. On Wednesday, January 17 the stock rating was maintained by Leerink Swann with "Buy". The company was maintained on Friday, September 15 by Needham. The rating was maintained by Cantor Fitzgerald with "Buy" on Monday, November 6. Guggenheim initiated the shares of DERM in report on Tuesday, December 5 with "Buy" rating. The firm earned "Outperform" rating on Wednesday, August 19 by Cowen & Co. Mizuho maintained Dermira, Inc. On Wednesday, September 30 the stock rating was upgraded by SunTrust to "Buy".



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