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Buyout Speculation Boosts This Biotechnology Stock

By  +Follow June 11, 2014 8:05AM
Tickers Mentioned:

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
Ryan LaRue
30 Aug 14 17:21:03
$ACHN going through some charts. Creating a nice bull flag. Could break $12 very soon. 4 days of consolidation...
Allen Brzozowski
30 Aug 14 15:03:58
FBR Inaugural Healthcare Conf. Wed., Sept 3, @ Four Seasons, Boston http://t.co/Fw6aPuXCNQ $ZFGN $ACHN #biotech
Maxwell Bustos
30 Aug 14 12:22:03
US STOCKS-Wall St rises $ACHN http://t.co/SAlMFDUBru
Financial Headlines
30 Aug 14 12:02:01
$ACHN: Achillion Gets Upgrade From Sell Side http://t.co/uhiMkxGeiA http://t.co/somBOX7uyr
Kiesha Lee
30 Aug 14 11:56:32
$ACHN Biotech Stock Roundu http://t.co/LU4lyDDzUq
Kiesha Lee
30 Aug 14 11:06:30
$ACHN 4 Biotechs That http://t.co/UW4HrSd4GR
30 Aug 14 10:11:21
Weekly numbers review posted $ACHN $CAR $NQ $AA $DIS $CLF $MCK $NKE $OVTI $FB $ADM $X $FCX http://t.co/MoNpKfHOr7
Edward Robinson
30 Aug 14 08:54:10
RT @1nvestor: Newly added (personal) this week that survived to the weekend: $QIHU $ACHN $PBR $WDAY $SAFM $ARUN $TIF $SIG $AVGO $LEJU $DRL
Derald Muniz
30 Aug 14 08:53:13
Newly added (personal) this week that survived to the weekend: $QIHU $ACHN $PBR $WDAY $SAFM $ARUN $TIF $SIG $AVGO $LEJU $DRL
Bret Jensen
30 Aug 14 08:33:31
Commented on: "Market Posts Best August In 14 Years. Why Don't Investors Feel Bett... http://t.co/yA4O9AqQ9q $AAPL $ACHN $GILD $IBM
Biz News Pioneer
30 Aug 14 06:02:04
$ACHN: Achillion Pharmaceuticals http://t.co/V8DbYlmN9z http://t.co/8rBtPXVODD
Coffee Club
30 Aug 14 05:55:05
RA Cap brought $ACHN around $2.90. They made over 350%
30 Aug 14 05:24:02
Investing News Weekly Review (8/25 – 8/29) $GRUB $BKW $THI $BRK.A $ACHN $SDRL $TIF $FOLD $SPLK $TSLA #TSLA #FOLD http://t.co/i3Fhyr7rSX
30 Aug 14 03:04:14
Weekly Smallcap #Stocks Performance $RSH $ITMN $ENZN $RPRX $CLUB $FOLD $EXPR $ARO $ISIS $ACHN $RALY more@ http://t.co/Giravo3fg9
Fulvio Butera
30 Aug 14 00:44:34
@BiotechMoney18 $atrs long term $achn short term
Investors Hangout
29 Aug 14 20:25:58
$WNTR 52Wk Low http://t.co/DBLkj49rmJ Also See: $ACHN $GRCU $DBC $GOOG ~
Chasing Stars
29 Aug 14 20:20:52
$VZ Short Sales http://t.co/7AO1cQr6Mz Also See: $ACHN $USO $DDD $DSW ~
Market Compass
29 Aug 14 20:02:01
$ACHN: US STOCKS-Wall St rises, Dow and S&P 500 set intraday records http://t.co/XzTJ4ZcbHr http://t.co/nuhGDJdwu5
Chasing Stars
29 Aug 14 20:00:12
$VIPS Ideas http://t.co/8TNyEItjPU Also See: $SD $HYG $NEM $ACHN ~
29 Aug 14 19:44:28
$VTI Ex-Div Date http://t.co/xCnC7Tsls9 Also See: $BBY $TSL $ACHN $XLB ~
Chasing Stars
29 Aug 14 19:37:52
$UUP Financials http://t.co/SYN8b0GK97 Also See: $THI $ACHN $XOM $JNK ~
Rosner Stocks
29 Aug 14 19:12:38
$USO Shares http://t.co/qzdMF5Az2R Also See: $UNG $ACHN $DBA $JRJC ~
Market Headlines
29 Aug 14 19:02:03
$ACHN: Stock Runners: Tim Hortons (NYSE:THI), Achillion Pharmaceuticals (NASDAQ ... http://t.co/gPRIbZTKLi http://t.co/G3zmqJqhNg
Investors Hangout
29 Aug 14 18:40:56
$UNH Ideas http://t.co/EtDfr9zGtP Also See: $AA $IEF $CVX $ACHN ~
Chasing Stars
29 Aug 14 18:11:55
$TSL Bid http://t.co/zKAVpJxeEi Also See: $FNMA $XHB $ACHN $WTSL ~
29 Aug 14 18:02:29
http://t.co/hjgLwIcNgz leahanne: $ACHN Achillion Pharmaceuticals (ACHN) 11.41: leahanne http://t.co/I2jbIRIq1x http://t.co/hjgLwIcNgz
29 Aug 14 18:02:27
http://t.co/QkCFZ8H3V8 leahanne: $ACHN Achillion Pharmaceuticals (ACHN) 11.41: leahanne http://t.co/tBhgn7S5ua http://t.co/QkCFZ8H3V8
Chasing Stars
29 Aug 14 17:43:15
$TLT EOD Data http://t.co/exGPRIKqB4 Also See: $GGAL $EWZ $INTC $ACHN ~
Adam Gefvert, CFA
29 Aug 14 17:34:28
RA Capital has sold 6.5 million shares of $ACHN this month, or about 30% of their holdings since June 30th.
Eddy Alonso
29 Aug 14 17:09:49
Biotech Stock Roundup: B $ACHN http://t.co/QEIpI2YyZa
Market Updates
29 Aug 14 17:02:05
$ACHN: Why Achillion Pharmaceuticals (ACHN) Stock Hit a One-Year High Today http://t.co/SF75RJYwRW http://t.co/9aifCJdBB3
Stock Forums
29 Aug 14 16:59:53
$THI Shares http://t.co/gw1HTcKNQQ Also See: $ACHN $GWPH $TCN.TO $EFA ~
Wall Street Monitor
29 Aug 14 16:02:06
$ACHN: Why Achillion Pharmaceuticals (ACHN) Stock Is Up in After-Hours Trading Today http://t.co/eniYw619MD http://t.co/LsEytaXQPc
Fahd El
29 Aug 14 15:44:34
$ACHN and $MBLY thanks for the drinks!!! http://t.co/jhNMpm5glB
Stock Signaling
29 Aug 14 15:31:28
Upgraded Stocks Active After Hours: $JCP $CHL $OVTI $DSW $LCI $JPM $PGR $AFSI $BMO $ARUN $ICPT $ACHN $MBI $SPLK $ARE http://t.co/Vtx6dLy0Nw
Rosner Stocks
29 Aug 14 15:30:48
$SLV E.P.S. http://t.co/D3PxkMFxur Also See: $BITA $ACHN $FLPC $QIHU ~
Harry Walkman
29 Aug 14 15:30:29
$ACHN Achillion Hits 52-Week High After Rumors Gilead Might Buy It Out http://t.co/4CBBcJRQED
Jeffrey Blake
29 Aug 14 15:30:28
$ACHN Why Achillion Pharmaceuticals, Inc. Stock Soared http://t.co/W32OKQbslW
Ivana Creel
29 Aug 14 15:22:48
$ACHN US STOCKS-Wall St ris http://t.co/45Ho7k3Lzl
Business News Now
29 Aug 14 15:02:08
$ACHN: Can The Uptrend Continue for Achillion (ACHN)? http://t.co/Wgp1f1X6tm http://t.co/VW25PmzPRT
Investors Hangout
29 Aug 14 14:39:40
$S Message Board Posts http://t.co/FjU33ptZ1D Also See: $INTC $ACHN $FNMA $GRDO ~
Stock Forums
29 Aug 14 14:25:31
$RSP Ex-Div Date http://t.co/7DGJp1c9BT Also See: $ACHN $DB $RFMD $JNK ~
Tomas Ellsworth
29 Aug 14 14:09:19
$ACHN 4 Biotechs That Mig http://t.co/ze1loU67F2
Business News Watch
29 Aug 14 14:02:15
$ACHN: Joseph Truitt Unloads 25000 Shares of Achillion Pharmaceuticals Stock (ACHN) http://t.co/T4jT5dF6wU http://t.co/0elsJut3Sv
Wall Street Monitor
29 Aug 14 13:02:09
$ACHN: Achillion Pharmaceuticals Inc. (ACHN): RA Capital Management Cuts Stake To ... http://t.co/rACNHI5uFt http://t.co/CeRbSYSMLI
Brian K Hall
29 Aug 14 12:51:00
$ACHN Moving up quick into the close.Something up?
29 Aug 14 12:45:15
$ACHN $EXEL $EXPR $LEJU $OREX $RPRX $SRPT $TKMR $TUBE autocharts @ http://t.co/hj7PGeTQk3
29 Aug 14 12:19:22
Commented on StockTwits: As I have stated few times, IF there's buyer for $ACHN, less likely it will be $GILD. http://t.co/NOlxvMeZu2
29 Aug 14 12:15:05
Commented on StockTwits: Yes. But $ACHN's will be years before it gets to market. http://t.co/I48Rcakjzp
29 Aug 14 12:13:38
Commented on StockTwits: If $GILD buys $ACHN, there will be litigation. http://t.co/XRLWXsWuIt
By  +Follow June 11, 2014 8:05AM



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