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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
FlashRatingsHOT
6 Mar 15 15:22:36
$ACHN has 3 analyst ratings in the last 7 days. Median target: $14 https://t.co/SDMmfi0MVo #ACHN
Clair Voight
6 Mar 15 14:33:25
$ACHN Should You Sell Achillion Pharmaceuticals (ACHN) Before Earnings? http://t.co/WBCklesUvY
Scott Smith
6 Mar 15 14:21:22
Setups I liked today! ...Watching Monday. $MBLY $FCEL $HZNP $ACHN $CATY $BLUE $UVXY $CLDN (long) $QQQ (short) More. http://t.co/QT6sjMNDuB
Gale Stelzer II
6 Mar 15 14:11:13
$ACHN Took a position today at 11.15 in my IRA will hold for buyout
US_proptrader
6 Mar 15 12:20:39
$ACHN $ANTH $CONN $JUNO $MOMO $MTSN $OCN $W $ZIOP autocharts @ http://t.co/cLiki3R0GR
ProTradersNews
6 Mar 15 10:51:05
$ACHN: Data Could Lead to Achillion Pharmaceuticals (ACHN) Takeover By ...: http://t.co/ceqCfA9ymQ
Scott Thomas
6 Mar 15 10:50:47
I will not be surprised either if , when , $ACHN gets a bid . Imo .
Breaking News
6 Mar 15 10:47:02
$ACHN: Data Could Lead to Achillion Pharmaceuticals (ACHN) Takeover By ...: http://t.co/lHOGNVpMzb
BreakingStocksNews
6 Mar 15 10:46:11
$ACHN: Data Could Lead to Achillion Pharmaceuticals (ACHN) Takeover By ...: http://t.co/g38FooQNcL
Joe
6 Mar 15 10:35:25
RT @23aloha: Biotech Tweets of the Week: http://t.co/L5eW2R9sjU $OREX $CUR $TGTX $TKMR $ABBV $PCYC $SGYP $BMY $BLUE $ACHN $SSH via @BioDueD…
SIAnalystWire
6 Mar 15 10:32:49
Data Could Lead to Achillion Pharmaceuticals $ACHN Takeover By Year End - Analyst http://t.co/X2KlpyFUdr
Brad Loncar
6 Mar 15 10:25:47
RT @23aloha: Biotech Tweets of the Week: http://t.co/L5eW2R9sjU $OREX $CUR $TGTX $TKMR $ABBV $PCYC $SGYP $BMY $BLUE $ACHN $SSH via @BioDueD…
LifeSciencesMkt
6 Mar 15 10:16:24
RT @23aloha: Biotech Tweets of the Week: http://t.co/L5eW2R9sjU $OREX $CUR $TGTX $TKMR $ABBV $PCYC $SGYP $BMY $BLUE $ACHN $SSH via @BioDueD…
23aloha
6 Mar 15 10:16:14
Biotech Tweets of the Week: http://t.co/L5eW2R9sjU $OREX $CUR $TGTX $TKMR $ABBV $PCYC $SGYP $BMY $BLUE $ACHN $SSH via @BioDueDiligence
CashRocket
6 Mar 15 10:11:36
TOP BIOS TODAY: $ICPT $KYTH $ESPR $BLUE $BMRN $RDUS $JUNO $RVNC $ALDR $PRTK $ACHN http://t.co/CUv05Gbyt2
turtletaxman
6 Mar 15 10:05:29
@tiger_shark5039 Nice call on $ACHN yesterday after hours @$10.97
clayton
6 Mar 15 09:55:08
ACHN 10.99 Achillion Pharmaceuticals $ACHN added to my watch list. Right now with ACHN I am watching the last http://t.co/PA6CU7AKIL
clayton
6 Mar 15 09:54:46
$ACHN ACHN 10.99 Achillion Pharmaceuticals $ACHN stock added to my watch list. Right now with ACHN I am watching the http://t.co/ZvdMUm5gpc
US_proptrader
6 Mar 15 09:49:38
$ACHN $ADXS $ANTH $GERN $HZNP $JKS $NVGN $SMTC $ZU autocharts @ http://t.co/cLiki3R0GR
lookn4wins
6 Mar 15 09:45:27
ACHN +1.64% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Any opinions on ACHN? Please reply to t http://t.co/lRCOSmf1xu
Chris Z
6 Mar 15 09:43:35
$ACHN alert for ya from @brissbrass over $11.20
Stockaholics
6 Mar 15 09:42:14
400% Gains On Stock Picks In Less Than 6 Weeks! New Picks Are Coming Soon: http://t.co/onPt58XvZI $CRI $MRVL $ACHN
Don
6 Mar 15 09:41:45
Those of us still long $ACHN http://t.co/9l90yID0ak
US_proptrader
6 Mar 15 09:17:39
$ACHN $ADXS $AXAS $BLUE $CLDN $GERN $HZNP $PTEN $WBAI autocharts @ http://t.co/cLiki3R0GR
Syed Waqas Nabi
6 Mar 15 09:00:33
A bullish Big MAC (Bullish) has occurred at 11:00 AM Mar 06 at $11.11 on Achillion Pharmaceuticals Inc (ACHN) $ACHN
The Fly
6 Mar 15 08:50:33
William Blair continues to believe Achillion could be acquired later this year: http://t.co/w4lU53Uajq $ACHN
rist115ch
6 Mar 15 08:42:41
$achn flush on no volume
John Ablemann
6 Mar 15 08:34:04
$ACHN Should You Sell Achillion Pharmaceuticals (ACHN) Before Earnings? http://t.co/wqlj241yNf
Irma Doucet
6 Mar 15 08:33:58
$ACHN Here Is Why Achillion Pharmaceuticals, Inc. (ACHN) Stock Is Dropping http://t.co/qTEWTcMFZm
dougheuring
6 Mar 15 08:23:26
RT @CaptainFuture__: $ACHN PIPER: Proforma Cash of $292 Million to Advance HCV Portfolio; Trimming Target to $21
Captain Sequence
6 Mar 15 07:47:09
$ACHN PIPER: Proforma Cash of $292 Million to Advance HCV Portfolio; Trimming Target to $21
US_proptrader
6 Mar 15 07:36:38
$ACHN $ARWR $BIOC $CLDN $CLDX $CPRX $CRIS $GERN $SSH autocharts @ http://t.co/cLiki3R0GR
FinancialJuice
6 Mar 15 07:30:47
William Blair positive on Achillion $ACHN #stocks
Mike
6 Mar 15 07:29:39
RT @OpenOutcrier: $ACHN Hearing William Blair making positive comments, possible takeout target this year
Open Outcrier
6 Mar 15 07:29:28
$ACHN Hearing William Blair making positive comments, possible takeout target this year
US_proptrader
6 Mar 15 06:45:38
$ACHN $CLDN $HZNP $MTSN $OREX $PEIX $PTEN $VIP $ZIOP autocharts @ http://t.co/cLiki3R0GR
Green Guy Finance
6 Mar 15 05:53:57
REG SHO circuit breaker notables: $dram, $aveo, $cere, $achn.
ProTradersNews
6 Mar 15 05:51:02
$ACHN $ARI $AMGN: Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) Swings on ...: http://t.co/JK1t3GTxNN
Bursatil Biotech
6 Mar 15 05:21:49
Remember the Times where $ACHN used to be a threat for $GILD #Biotech http://t.co/XJrh0zqlXw
Penny Stock Secret
6 Mar 15 05:21:43
My Friend Made $4 Million Trading Like this! http://t.co/NovWYe2RAx .. $CRI $MRVL $ACHN
Breaking News Now
6 Mar 15 05:21:06
$ACHN: Achillion Pharmaceuticals Research Coverage Started at Barclays ...: http://t.co/uc86zYJtjp
Sleek Money
6 Mar 15 05:20:14
Achillion Pharmaceuticals Research Coverage Started at Barclays $ACHN http://t.co/xIYBbYGoeD
The Legacy News
6 Mar 15 05:12:14
Achillion Pharmaceuticals $ACHN Issues Quarterly Earnings Results http://t.co/gUxCa0qUsB
V
6 Mar 15 04:50:02
Deutsche Bank analyst Alethia Young indicates $ABBV a front runner to acquire $ACHN in the HCV space
Dan
6 Mar 15 04:46:29
$ACHN OI for maturity 03/06/2015. 12.00 Highest put. 12.50 Highest call. http://t.co/6b9bgYbVaa
Dan
6 Mar 15 04:31:17
$ACHN Max Pain is 12.00 for maturity 03/06/2015. Price = 10.99. http://t.co/Xin4cztaKs
V
6 Mar 15 04:30:16
@dougheuringaria $ACHN $24 Market Outperform reiterated
V
6 Mar 15 04:28:05
RT @dougheuringaria: JMP $ACHN http://t.co/n4tJYniVgy
InterCooler
6 Mar 15 04:18:01
Achillion Pharmaceuticals, Inc. $ACHN Updates FY15 Earnings Guidance http://t.co/aNLDC5ElAo
dougheuring
6 Mar 15 04:13:36
JMP $ACHN http://t.co/n4tJYniVgy
				
				
By  +Follow June 11, 2014 8:05AM
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