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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
phillybayer
30 Sep 14 22:54:21
$ACHN is there a rule of thumb? anyone buying Achillion is looking for a deal! how about half off? PT 14.5
chartguy89
30 Sep 14 22:22:29
ACHN 9.98 Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Last Updated: 10/01/2014 00:22:27 ACHN St http://t.co/1VVsOe2YSl
Hong
30 Sep 14 21:17:03
Sold 2/3 $achn, added $halo, $tgtx, $ecyt, $reph, $sgyp
Derald Muniz
30 Sep 14 20:32:30
$ACHN is really struggling to hold the $10 level, has formed a Decl Channel or potential Falling Wedge (IRA position)
Future Tech Investor
30 Sep 14 20:02:39
$NVAX #Ebola play? Research it $BRCX $GNVC $PFE $NNVC $AZN $F $GPRO $MBLY $WB $JD $TSLA $PLUG $BLDP $KNDI $ACHN $AGEN $SSYS $GE $YHOO $GSK
phillybayer
30 Sep 14 19:59:31
$ACHN believe it or not, there is an upside to this downturn! It is a more attractive target now because it's cheaper
Ciocana
30 Sep 14 19:18:32
$ACHN (UPDATE)profit target of $10 reached(actually covered for small $ yest since was afk today)ideal setup, oh well http://t.co/hNqNCVnzYX
Stockaholics
30 Sep 14 19:05:01
FPFI closed up 250% today! Huge Update and new pick coming: http://t.co/wSPWepHL5n $CRI $MRVL $ACHN
equities.com
30 Sep 14 17:02:33
Achillion Pharmaceuticals Inc. (ACHN) Drops 7.34% on September 30 $ACHN http://t.co/GP9dPxj223
Dr. Tro Kalayjian
30 Sep 14 16:15:51
RT @ChimeraResearch: [Free Report] JNJ Aquires Alios: What This Means For Achillion $ACHN $GILD $JNJ $MRK http://t.co/oBvtgKnxK5
Trade Monist
30 Sep 14 15:59:33
Man, I was baggin on $ACHN longs the other day for buying bad news, and today shows exactly why: more bad news tends to follow on its heels.
Bio Penny Picks
30 Sep 14 15:33:44
RT @GantosJ: RT @ChimeraResearch: [Free Report] JNJ Aquires Alios: What This Means For Achillion $ACHN $GILD $JNJ $MRK http://t.co/LQv4O9mj…
Joe
30 Sep 14 15:30:19
RT @ChimeraResearch: [Free Report] JNJ Aquires Alios: What This Means For Achillion $ACHN $GILD $JNJ $MRK http://t.co/LQv4O9mjQS
ChimeraResearchGroup
30 Sep 14 15:02:38
[Free Report] JNJ Aquires Alios: What This Means For Achillion $ACHN $GILD $JNJ $MRK http://t.co/oBvtgKnxK5
Irma Doucet
30 Sep 14 15:01:29
$ACHN Achillion Pharmaceuticals major shareholder Sells $26505461 in Stock (ACHN) http://t.co/aMTaBTLtU5
Homegameralert
30 Sep 14 14:23:29
$JNJ Alios Acquisition whether companies that still might be interested in $ACHN Phase I nuke program,data this fall, expectto be acquired
MAISA
30 Sep 14 13:07:17
$ACHN $NVAX $JNJ Why J&J Expands Antiviral Franchise but Doesn't Buy Achillion, Novavax http://t.co/9nhaddDlgj
MAISA
30 Sep 14 12:57:49
$JNJ deal, worth $1.75B in cash, could also have negative repercussions for Achillion $ACHN
Tricia Dineen
30 Sep 14 12:22:45
RT @dougheuringaria: Rbc AASLD preview of what's coming up and what we're looking for... $GILD $MRK $ABBV $ICPT $ARWR $ACHN Replicor http:/…
Venator
30 Sep 14 12:18:33
$ACHN thing I dont like is a seller let go of bout 300k shares around 1:30. But... I'm in, Long! 9.96
On Time Picks
30 Sep 14 12:16:58
DewDiligence: $ACHN -7% on$ JNJ buyout of Alios.$ JNJ: DewDiligence http://t.co/jiQ4ZeJCao
Day Trade Alerts
30 Sep 14 12:07:05
RT @bambino621: Exceptional customer service @benzinapro the norm. $DB upgrades $ACHN; no less then 30 min ago. Already got the color @Cal…
Julian Pei
30 Sep 14 12:04:22
Commented on StockTwits: Definitely wish I had some cash lying around to increase my position here $ACHN http://t.co/icOtWfkXcn
Venator
30 Sep 14 11:48:07
Commented on StockTwits: Apologies as u've shown me were citing @AnalystRatingsNetwork 's PT for $ACHN. ARN - ye... http://t.co/kj6s05UzDw
BenzingaPro
30 Sep 14 11:39:07
RT @bambino621: Exceptional customer service @benzinapro the norm. $DB upgrades $ACHN; no less then 30 min ago. Already got the color @Cal…
Venator
30 Sep 14 11:31:28
$ACHN Honestly, THIS is the kind of opportunity I look for (overreactive selloff on a bad mkt day). Now for some qwik DD...
Venator
30 Sep 14 11:19:10
Commented on StockTwits: I have no position on $ACHN now, but what you wrote here is an outright lie. Stock is n... http://t.co/TZLIKauGtV
Buttercup $BABA91914
30 Sep 14 10:50:45
RT @__MajorPharma__: J&J Buying Alios, Going Up Against Gilead $jnj $gild $mrk $vrtx $achn http://t.co/OEDbAkczMo http://t.co/mDzywVTN5v
Anthony DePaola
30 Sep 14 10:43:23
$ACHN is getting absolutley crushed.
dominic
30 Sep 14 10:35:42
$ACHN getting smoked
Coffee Club
30 Sep 14 10:33:58
@FatCat_Banker $achn insider sales were by RA Capital who was shorting a bunch small cap
Swing Trade Alerts
30 Sep 14 10:06:25
IBD:J&J's latest takeover puts it in direct competition with Gilead on two fronts http://t.co/iVz7UCEMno $JNJ $GILD $ACHN $MRK
Major Pharma Feed
30 Sep 14 10:06:14
J&J Buying Alios, Going Up Against Gilead $jnj $gild $mrk $vrtx $achn http://t.co/OEDbAkczMo http://t.co/mDzywVTN5v
Investors.com
30 Sep 14 10:04:57
J&J's latest takeover puts it in direct competition with Gilead on two fronts http://t.co/CIJ52nXn4C $JNJ $GILD $ACHN $MRK
Major Pharma Feed
30 Sep 14 09:53:57
Achillion Pharmaceuticals, Inc. Less Attractive Amid Johnson & Johnson/A... $jnj $achn http://t.co/e88DJQWHy1 http://t.co/B5VSLkQ7SY
Swing Trade Alerts
30 Sep 14 09:51:02
THEFLYNEWS:$EBAY $MOVE $NWSA $ACHN $JNJ $TA $TK On The Fly: Midday Wrap: Full Story http://t.co/80zLmAcmIk
Day Trade Alerts
30 Sep 14 09:45:08
RT @theflynews: $EBAY $MOVE $NWSA $ACHN $JNJ $TA $TK On The Fly: Midday Wrap: Full Story http://t.co/TIOOWlUiIe
The Fly
30 Sep 14 09:40:31
$EBAY $MOVE $NWSA $ACHN $JNJ $TA $TK On The Fly: Midday Wrap: Full Story http://t.co/TIOOWlUiIe
jjz
30 Sep 14 09:39:49
RT @adamfeuerstein: J&J Expands Antiviral Franchise But Doesn’t Buy $ACHN or $NVAX. Makes you wonder… http://t.co/8n34VA8rIF
Anthony DePaola
30 Sep 14 09:34:48
$DB cites $ACHN has a "meaningful lead over its competitors." You think thats accurate @Zackfoot @adamfeuerstein? Obviously, i'm long $ACHN
Anthony DePaola
30 Sep 14 09:32:20
Exceptional customer service @benzinapro the norm. $DB upgrades $ACHN; no less then 30 min ago. Already got the color @CalConfidence
US Banking News
30 Sep 14 09:21:46
Deutsche Bank Reaffirms Buy Rating for Achillion Pharmaceuticals $ACHN http://t.co/LjeX7CEXWF
Anthony DePaola
30 Sep 14 09:15:10
RT @ConsumerFeed: Achillion Pharmaceuticals's buy rating reiterated at Deutsche Bank. http://t.co/Kij8NdXsiY $ACHN #ACHN
Juan Ross
30 Sep 14 09:05:20
$ACHN duh - insider sales
The Fly
30 Sep 14 09:03:14
$ACHN $NVAX $GILD $JNJ Achillion sinks after Johnson & Johnson buys competitor: Full Story http://t.co/DAYKwkmskE
Livevol Community
30 Sep 14 09:00:05
IV30(TM) GAINER $SLV +23.01% $USO +18.49% $WFM +17.52% $ACHN +10.58% $FSL +10.06% $JCP +7.27% $LOCO +7.11% http://t.co/gwzPxhnztr
Anthony DePaola
30 Sep 14 08:57:33
RT @RatingsNetwork: Achillion Pharmaceuticals's buy rating reiterated at Deutsche Bank. http://t.co/TE9IcuGuPS $ACHN #ACHN
jjz
30 Sep 14 08:54:54
RT @megtirrell: $ACHN down 4.4% after $JNJ acquisition of Alios, another nuc-maker
AwesomeCalls
30 Sep 14 08:53:47
$ACHN Achillion Pharma near LoD (-6%); weakness may be attributed to JNJ / Alios BioPharma acquisition news (10.10 -0.68)
Analyst Ratings
30 Sep 14 08:49:57
Achillion Pharmaceuticals's buy rating reiterated at Deutsche Bank. http://t.co/TE9IcuGuPS $ACHN #ACHN
				
				
By  +Follow June 11, 2014 8:05AM
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