Puma Biotechnology (PBYI) Receives a Sell from J.P. Morgan
J.P. Morgan analyst Cory Kasimov maintained a Sell rating on Puma Biotechnology (PBYI) on January 14. The company’s shares closed last Wednesday at $10.88.
According to TipRanks.com, Kasimov is a 5-star analyst with an average return of 20.8% and a 56.6% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Alexion Pharmaceuticals, and BioMarin Pharmaceutical.
Puma Biotechnology has an analyst consensus of Hold, with a price target consensus of $11.00.
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The company has a one-year high of $15.00 and a one-year low of $5.50. Currently, Puma Biotechnology has an average volume of 543.6K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBYI in relation to earlier this year.
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Puma Biotechnology, Inc. is a development stage biopharmaceutical company. It acquires and develops innovative products for the treatment of various forms of cancer. The company focuses on in-licensing drug candidates that are undergoing or have already completed initial clinical testing for the treatment of cancer and then seek to further develop those drug candidates for commercial use. Puma Biotechnology was founded by Alan H. Auerbach on September 15, 2010 and is headquartered in Los Angeles, CA.