Here is Who Picked Incyte Corp (NASDAQ:INCY) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),Incyte...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Blue Harbour Group is Buying Miragen Therapeutics In...
Agios Pharmaceuticals Inc. (NASDAQ:AGIO) is Attracti...
Voce Capital is Buying Cutera Inc. (NASDAQ:CUTR) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),Incyte Corp (NASDAQ:INCY) reported that Baker Bros. Advisors has picked up 34,295,011 of common stock as of 2017-04-28.

The acquisition brings the aggregate amount owned by Baker Bros. Advisors to a total of 34,295,011 representing less than 16.7% stake in the company.

For those not familiar with the company, Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib). JAKAFI (ruxolitinib) is indicated for the treatment of patients with intermediate or high risk myelofibrosis (MF) and for the treatment of patients with polycythemia vera (PV) having had an inadequate response to or are intolerant of hydroxyurea. As of December 31, 2016, the Food and Drug Administration had granted JAKAFI orphan drug status for MF, PV and essential thrombocythemia. The primary target for ICLUSIG is B Cell Receptor-ABL, an abnormal tyrosine kinase that is expressed in chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia. The Company also has a portfolio of selective janus associated kinases 1 (JAK1) inhibitors.

A glance at Incyte Corp (NASDAQ:INCY)’s key stats reveals a current market capitalization of 25.65 Billion based on 204.59 Million shares outstanding and a price at last close of $124.28 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-04-13, Bienaime picked up 1,000 at a purchase price of $139.66. This brings their total holding to 3,177 as of the date of the filing.

On the sell side, the most recent transaction saw Stein unload 5,000 shares at a sale price of $137.91. This brings their total holding to 14,648.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Incyte Corp (NASDAQ:INCY)
as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

Stay in the lopp :

Rainmaker Worldwide (RAKR) Soars 1000% in a W...

Rainmaker Worldwide (OTCMKTS:RAKR) is the biggest penny stock gainer this week as investors started noticing solid potentials. The stock has soared 165%

JAN Stock Price is UP, can it go higher? URGENT

JanOne JAN stock price is up 35% in the last 5 days & volume is up 59%, but is it over

FNY Buys Open Door Technologies (NASDAQ-OPEN)

FNY Investment Advisors, LLC buys more stock of Open Door Technologies OPEN. Wall street is definitely paying close attention. We know that the

related post

Skip to content