Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) Sees Price Decrease - Down $16.18

Here's Why Intercept Pharmaceuticals Is Tumbling Today

Here's Why Intercept Pharmaceuticals Is Tumbling Today

The current average recommendation for Intercept Pharmaceuticals Inc has it holding a "Buy" rating. (NASDAQ:ICPT)'s ATR is 3.77. Carmignac Gestion now owns 2,035,592 shares of the biopharmaceutical company's stock worth $246,449,000 after buying an additional 7,400 shares in the last quarter.

"With concerns in November 2016 to achieve REGENERATE interim enrollment by 1H17, Intercept amended protocols and now expects completion by mid-2017.", the firm's analyst commented.

P/E of the company is not reported.

Florida Gov. Scott Will Fly Over Florida Keys to Assess Irma Damage
That surcharge was capped at around $4 per month for the average residential customer, according to NextEra's 2016 annual report. The governor says the road closures are spread across seven counties. - Massive power outages remain throughout the Southeast.

Currently, EPS of Intercept Pharmaceuticals, Inc. Robert W. Baird reiterated a positive rating on shares of Intercept Pharmaceuticals in a report on Friday. The biopharmaceutical company reported ($3.46) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.62) by $0.16. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. (NASDAQ:ICPT). At the time of writing, the First Call consensus price target for the company is $189.75.

Intercept Pharmaceuticals (NASDAQ:ICPT) traded up 4.46% during midday trading on Monday, hitting $123.80.

In other Intercept Pharmaceuticals news, CEO Mark Pruzanski sold 40,000 shares of the company's stock in a transaction that occurred on Monday, June 26th. The company's 50-day moving average price is $112.57 and its 200 day moving average price is $117.15. The chart below shows the one year performance of ICPT shares: Looking at the chart above, ICPT's low point in its 52 week range is $90.53 per share, with $172.95 as the 52 week high point - that compares with a last trade of $97.27. The firm's market cap is $2.85 billion.

United Nations rights commissioner 'gravely concerned' over PH killings
The UN Special Rapporteur on extrajudicial killings Agnes Callamard called the move "reprehensible and unconscionable". The commission is investigating the war on drugs that began when President Duterte took office.

The stock has Return on Assets (ROA) of -54.4 percent. The shares were sold on August 25th for an average price of $111.32. The share price is now down -31.03% for the past three months. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. When analyzing the systematic risk associated with a stock, analysts look at beta, which measures the stock's volatility relative to the overall market. However, its trading capacity stayed around 0.39 million shares in normal days. Following the transaction, the insider now directly owns 23,324 shares of the company's stock, valued at approximately $2,596,194.44. The disclosure for this sale can be found here. The days to cover decreased to 8.0 and the short interest percentage is 0.19% as of August 15.

Hedge funds have recently made changes to their positions in the business. The value of the company's investment in Intercept Pharmaceuticals, Inc. went from $79,000 to $482,000 a change of $403,000 quarter to quarter. American International Group has an ownership of 150,966 stocks of the biopharmaceutical firms shares valued at $220,000 following purchasing an extra 9,959 shares through out the previous quarter, Lastly, Metropolitan Life Insurance NY grew its position in Arena Pharmaceuticals by 11.4% in the Q1. Amalgamated Bank now owns 2,619 shares of the biopharmaceutical company's stock valued at $413,000 after buying an additional 735 shares in the last quarter. State Street Corp lifted its holdings in shares of Intercept Pharmaceuticals by 7.3% in the first quarter. The current share price indicates that stock is -43.27% away from its one year high and is moving 1.54% ahead of its 52-week low. Volume has increased in Tuesday's trading session by 5.46 million shares, but on a weak note. NY now owns 1,234 shares of the biopharmaceutical company's stock valued at $176,000 after buying an additional 38 shares in the last quarter. More than 5,348,559 shares have changed hands.

Intercept Pharmaceuticals, Inc.is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company's product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.

Humanitarian crisis in Myanmar and HK-ASEAN trade relations
The UN Security Council will meet on Wednesday behind closed doors for the second time since the latest crisis erupted. Aung San Suu Kyi has fully embraced the recommendations, and has begun creating these mechanisms for implementation.

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