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Buyout Speculation Boosts This Biotechnology Stock

By  +Follow June 11, 2014 8:05AM
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While equity markets edged lower Tuesday, one small cap stock in the biotechnology sector surged, extending its gains from previous trading sessions. Shares of Achillion Pharmaceuticals Inc. (ACHN) , a biopharmaceutical company focused on the development and commercialization of treatment for infectious diseases, have surged in early trading on Tuesday on ongoing buyout speculation.

Stock Continues to Gain Momentum

After surging more than 47% in Monday’s trading session, shares of Achillion Pharmaceuticals gained another 83% on Tuesday to close at $7.79. The trading volume of 27.15 million is more than 10 times the daily average volume of 2.66 million. With the entire trading day still left, Achillion shares could see a significant spike in volume.

Achillion Pharmaceuticals shares have now gained more than 170% in the last three trading sessions. Despite the surge, the stock is still trading below its 52-week high of $8.49. However, the surge has pushed the small cap stock above its 50-day and 200-day moving averages. The stock’s MACD has also crossed the signal line and the zero-line, which is a strong bullish signal.

Buyout Rumors Spark Rally

The rally in Achillion Pharmaceuticals shares has been sparked by rumors of a takeover. The takeover speculation began after Merck (MRK) announced the acquisition of the company’s rival Idenix Pharmaceuticals Inc. (IDIX) .

Achillion Pharmaceuticals shares have got a further boost following news that the U.S. FDA has allowed the company to conduct trials in patients with hepatitis C.

Milind Deshpande, Ph.D., President and CEO of Achillion Pharmaceuticals, noted that the company remains focused on developing regimens using ACH-3422 and ACH-3102, its second-generation Phase 2 NS5A inhibitor. Deshpande added that the second half of 2014 will feature multiple milestones in that program. 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for ACHN
Penny Stock Secret
27 Nov 14 07:55:43
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/SVqoMlijqL .. $CRI $MRVL $ACHN http://t.co/KZb94DBqvi
chartseer
27 Nov 14 07:27:04
$ACHN http://t.co/u08E7agLlJ
Emil
27 Nov 14 06:08:51
Few interesting charts to watch for the next days $ACHN $AME $ARCP $AU $BSFT $FGEN $IRBT $JRJC $SOPW
Mark Trader
27 Nov 14 06:03:29
http://t.co/FOdvsRfk32 has 6 pro traders in their chat room. real-time trade alerts, and offer a 14-day trial. $ADM $CNQ $ACHN $ESV $APH
PennyStock Zone
27 Nov 14 05:50:39
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Stockaholics
26 Nov 14 21:57:42
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $CRI $MRVL $ACHN
lookn4wins
26 Nov 14 20:52:04
ACHN +3.57% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Any opinions on ACHN? Please reply to t http://t.co/8PjjllAMxs
chartguy89
26 Nov 14 20:09:44
ACHN +3.57% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Last Updated: 11/26/2014 22:09:45 ACHN http://t.co/luECL2hjW6
mike ring
26 Nov 14 18:56:29
RT @equitiescom: Seven Stocks to be Thankful For $RDNT $AVNR $RCPT $PTX $agio $RNA $ACHN http://t.co/NQLnAgqB02
Mark Trader
26 Nov 14 17:50:17
http://t.co/FOdvsRfk32 has 6 pro traders in their chat room. real-time trade alerts, and offer a 14-day trial. $ADM $CNQ $ACHN $ESV $APH
OTPicks.com
26 Nov 14 17:45:52
http://t.co/NYsxQOU64w danrocks: $ACHN Hitting Buzz $CYBR $AMBA $NEM $ABX $XLF: danrocks http://t.co/WxQxMZlDEU http://t.co/NYsxQOU64w
Daniel HS
26 Nov 14 16:09:18
RT @karmaswimswami: Need an icepack $BMY? FDA gives CRL to $BMY for daclatasvir. Ouch! Long $GILD, long $ACHN.
Tri B growthinvestor
26 Nov 14 15:46:36
my biotech holdings up $JAZZ $NPSP $ACHN $MYL $ENTA $CLDX $IMPV and $ACRX. My losing biotech $GILD; sold $ANIK Dec calls today.
PHARMD
26 Nov 14 15:29:36
RT @Investor666: $BLUE $EPZM $ENTA $OREX $ACHN December's Essential, Stock-Moving Biotech Events Explained While Eating Turkey -http://t.co…
Michael Torres, PhD
26 Nov 14 14:52:05
RT @Investor666: $BLUE $EPZM $ENTA $OREX $ACHN December's Essential, Stock-Moving Biotech Events Explained While Eating Turkey -http://t.co…
Gotham City Capital
26 Nov 14 14:39:05
RT @Investor666: $BLUE $EPZM $ENTA $OREX $ACHN December's Essential, Stock-Moving Biotech Events Explained While Eating Turkey -http://t.co…
Dave
26 Nov 14 13:39:23
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $BSBR $VPCO $TLM $ABEV $ACHN
equities.com
26 Nov 14 13:26:08
Seven Stocks to be Thankful For $RDNT $AVNR $RCPT $PTX $agio $RNA $ACHN http://t.co/NQLnAgqB02
Stockaholics
26 Nov 14 12:31:25
Our Penny Stock Pick On $STTK Gained 171% And Closed up Over 85%! Huge News: https://t.co/MMLz0V8NAH $CRI $MRVL $ACHN
US_proptrader
26 Nov 14 12:29:27
$ACHN $AEGR $HZNP $NLNK $SPWR $VGGL $XCRA $XOMA autocharts @ http://t.co/rTnYb8yj59
PennyStock Zone
26 Nov 14 11:40:14
http://t.co/yah6RMsdYL <-- Turn $100 into $1000, $10000 or more in 30 days! $JCP $CYBR $FUEL $CSCO $CSIQ $ACHN $XONE $LULU
Taq888
26 Nov 14 11:28:34
With Daclastavir CRL, $ACHN definitely a takeover target if 3422 data positive.
Penny Stock Secret
26 Nov 14 11:03:29
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/8BoYC1bsiz .. $CRI $MRVL $ACHN
danrocks
26 Nov 14 11:00:43
$EWZ Making Some Noise $APT $AEMD $NLNK $UVXY $ACHN http://t.co/qk0OFbW467
US_proptrader
26 Nov 14 11:00:17
$ACHN $EJ $ISIS autocharts @ http://t.co/cLiki4qddv
danrocks
26 Nov 14 10:56:32
$ACHN Hitting Buzz $CYBR $AMBA $NEM $ABX $XLF http://t.co/lXG4rtZJjs
Investors Hangout
26 Nov 14 09:52:49
lookn4wins: ACHN +0.04% Stock Charts $ACHN Achillion http://t.co/ieT8Jj4fYQ
Investors Hangout
26 Nov 14 09:52:35
lookn4wins: ACHN +0.04% Stock Charts $ACHN Achillion http://t.co/ct3IasyVvU
lookn4wins
26 Nov 14 09:50:52
ACHN +0.04% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Any opinions on ACHN? Please reply to t http://t.co/2F8BE7y3iQ
shmittahcapital
26 Nov 14 09:42:47
@Sport234a thinking of taking some of my oil and investing in $achn and just praying
BNK Invest
26 Nov 14 09:30:34
$ACHN January 2015 Options Begin Trading #stockoptions http://t.co/5cPSWUrx0l
karmaswimswami
26 Nov 14 09:16:38
Need an icepack $BMY? FDA gives CRL to $BMY for daclatasvir. Ouch! Long $GILD, long $ACHN.
Taq888
26 Nov 14 09:05:33
$ACHN Waiting and more waiting for 3422 data. Hope does not release data when markets closed (after 8pm/before 8am). That would suck.
shmittahcapital
26 Nov 14 08:51:07
@adamfeuerstein $bmy buys $achn if data is good?
lookn4wins
26 Nov 14 08:49:50
$BAC Chart $BAC Most recent stock chart and technical analysis. $ACHN $HXD.TO $XLP $ITB $PBR $BB.TO http://sto http://t.co/zY8vUG1wkb
US_proptrader
26 Nov 14 08:42:26
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shmittahcapital
26 Nov 14 08:39:04
@Sport234a gut says $achn fri morning wouldn't that be something
DennyT
26 Nov 14 08:33:54
PAM Key Statistics $PAM $ACHN $FCX $ONCS $QIHU Buy or Sell Opinion,Candlesticks,Stock,Headlines,Hit my list a http://t.co/0wdivC0RCz
EdisonHealthcare
26 Nov 14 08:22:43
#Achillion $ACHN Update note out from #EdisonInv http://t.co/AmsCL1Bq2L ACH-3422 data expected by year end #pharmaceuticals
wsduckk
26 Nov 14 08:21:54
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StockNews
26 Nov 14 08:01:16
$ACHN - EDISON EQUITY RESEARCH - ACHILLION PHARMACEUTICALS http://t.co/11HtsH6xOs
Laveda Arnold
26 Nov 14 08:01:15
$ACHN - EDISON EQUITY RESEARCH - ACHILLION PHARMACEUTICALS http://t.co/EJMbiDhrjV
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Stocks News&Markets
26 Nov 14 08:01:11
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NASDAQ
26 Nov 14 08:01:08
$ACHN - EDISON EQUITY RESEARCH - ACHILLION PHARMACEUTICALS http://t.co/nxi9OzbUKT
clayton
26 Nov 14 07:55:45
$ACHN 12.76 http://t.co/d1tmAnFEsk
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Extreme Stocks
26 Nov 14 07:25:39
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Stephen s
26 Nov 14 07:18:29
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By  +Follow June 11, 2014 8:05AM
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