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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
Stock Relay
22 Oct 14 15:31:22
$AMBA Change Click Here: http://t.co/GLGEmATmUo Also See: $GDX $MO $ACHN $CENX ~
Small Cap Breakouts
22 Oct 14 15:17:29
RT @StockPicksNYC: @jimcramer Tried to tell you early bro. $INO $ACHN Anyways Great show! #MadMoney on #CNBC #JimCramer RT! http://t.co/yu…
22 Oct 14 15:06:28
RT @StockPicksNYC: @jimcramer Tried to tell you early bro. $INO $ACHN Anyways Great show! #MadMoney on #CNBC #JimCramer RT! http://t.co/yu…
Stock Relay
22 Oct 14 15:00:39
$ACHN Exchange Click Here: http://t.co/yhBoa7C2ly Also See: $XLF $EUO $JNUG $F ~
Stock Relay
22 Oct 14 14:57:05
$ACHN Last Price Click Here: http://t.co/gzlhD0v1MK Also See: $GGAL $RIG $IBM $TWTR ~
Stock Relay
22 Oct 14 14:54:20
$ACHN Prev Close Click Here: http://t.co/eEP9XKugPy Also See: $SQQQ $ERX $EPI $JCP ~
Stock Relay
22 Oct 14 14:53:00
$ACHN Exchange Click Here: http://t.co/GmOYNeTuYm Also See: $QLD $XHB $SVXY $INTC ~
22 Oct 14 14:16:05
RT @JohnTuckerPhD: Some irresponsible speculation (just for fun): $ACHN has clearly considered IP issues around deuteration & presence of u…
22 Oct 14 14:15:24
@GuyAdami meaning Solvadi from $GILD is a better drug. And so is $ACHN nuc in trial.
22 Oct 14 14:11:45
$ACHN 6 stocks to watch http://t.co/JBWHRigBar #BiotechTraderHandbook--> http://t.co/0qUXjBVYVt
Stock Relay
22 Oct 14 13:57:11
$ACHN Bid Size Click Here: http://t.co/IDvXVCb7o5 Also See: $GE $HAL $GS $ZAZA ~
22 Oct 14 13:56:16
UPstocks latest newsletter $CNET $DUST $IVAN $HIMX $SCOK $ACHN http://t.co/878B9mP9Uq
22 Oct 14 13:54:14
Latest trades $UVXY $RGLS $DUST $ACHN http://t.co/QqAjhRp15q
aziz saba
22 Oct 14 13:53:50
UPstocks latest newsletter $CNET $DUST $IVAN $HIMX $SCOK $ACHN http://t.co/pyN8YWDjUk
Stock Relay
22 Oct 14 13:32:54
$AAPL Day High Click Here: http://t.co/32rHBXEQOQ Also See: $ACHN $XLV $SDS $PANW ~
aziz saba
22 Oct 14 13:27:24
Latest trades $UVXY $RGLS $DUST $ACHN http://t.co/Ras1hUs8Is
22 Oct 14 13:15:52
$ACHN 6 stocks to watch http://t.co/dBTOFiZV6P #BiotechTraderHandbook--> http://t.co/JDdc1OTfZF
John Alan Tucker
22 Oct 14 12:16:21
Some irresponsible speculation (just for fun): $ACHN has clearly considered IP issues around deuteration & presence of undeut impurity....
John Alan Tucker
22 Oct 14 11:49:52
Since someone was concerned enough to email me, I'll say my first impression on the $ACHN obviousness issue was probably wrong....
Investors Hangout
22 Oct 14 11:43:59
$BRK/B EOD Data Click Here: http://t.co/C6SRRnCp8R Also See: $ACHN $CMRX $WESC $DIS ~
22 Oct 14 11:29:12
Has my ticker parade has been stuck for past hour...? lol $TSLA $NFLX $ACHN $ICPT $FB
Major Finesse Record
22 Oct 14 11:07:40
RT @StockPicksNYC: Great way to close the week. $INO closing at 12.31 $ACHN closing at 11.06 with a high of 11.89 Lets keep WINNING!!! http…
Major Finesse Record
22 Oct 14 11:07:28
RT @StockPicksNYC: Even on a bear market we stay on top Both if last weeks alert FLLLYYINNGG $ACHN at 10.97 and $INO at 10.81 http://t.co/a…
22 Oct 14 11:05:22
http://t.co/vVojvVrNNL chartguy89: Stock Charts: MU Stock Chart $MU $ACHN $XLU $HUV.TO http://t.co/KvEAirSsv3
22 Oct 14 11:03:54
MU Stock Chart $MU $ACHN $XLU $HUV.TO http://t.co/3UX1jBdLQX http://t.co/4p8XyebmBE
22 Oct 14 10:50:02
Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $ACHN $MYEC
22 Oct 14 10:15:00
$RGLS looks like a long to me over $15. Market cap is $300M vs $ACHN $1B
22 Oct 14 10:13:36
on the back of $RGLS report today on HEP C, $ACHN looks real good as a buy and picking some up today on pull back do to Canada shootings
Elchin Azim
22 Oct 14 09:55:22
RT @mrockrulez: NEVER EVER SHORT DAY 1 big movers/short squeezes (like $ACHN). Miss it or follow 3 day rule. Day 3 nears start to sniff a s…
22 Oct 14 09:48:58
RT @chasingthealpha: if this is the response for a faux HCV competitor, wait for the $ACHN data
22 Oct 14 09:47:44
RT @OptionsHawk: $ACHN pop, OTM Nov. 16 through 17 calls seeing some action
Investors Hangout
22 Oct 14 09:47:33
DennyT: XLE Cash Flow $XLE $ACHN $PSID $TZA $MRK Opinion http://t.co/niu64MeUtj
Investors Hangout
22 Oct 14 09:47:14
DennyT: XLE Cash Flow $XLE $ACHN $PSID $TZA $MRK Opinion http://t.co/Ue2UpFTmWM
22 Oct 14 09:42:52
if this is the response for a faux HCV competitor, wait for the $ACHN data
22 Oct 14 09:36:09
$HEMP Candlesticks $HEMP Most recent stock chart and technical analysis. $GRCU $DOW $ACHN $X $NFLX $BIDU http: http://t.co/2fAVf5LNz5
22 Oct 14 09:21:20
XLE Cash Flow $XLE $ACHN $PSID $TZA $MRK Opinion Today,Volume,Volume,Recent Headlines,On Radar Stock Quote htt http://t.co/DjQAR6EL8E
Ani Anirudhan
22 Oct 14 09:19:33
$ACHN struggling here. $RGLS upped the stakes in the #HCV race today... http://t.co/p3PeP6WSee
Investors Hangout
22 Oct 14 09:17:50
danrocks: $ACHN Buzz $F $EFA $ACHN $DE $XIV http://t.co/SmnrKsVTX8
Rosner Stocks
22 Oct 14 09:17:37
$ACHN News Click Here: Also See: $MCP $ELTP $AEMD $GLD ~
Investors Hangout
22 Oct 14 09:17:30
danrocks: $ACHN Buzz $F $EFA $ACHN $DE $XIV http://t.co/tq3aWs7iM7
Yofi Tofi
22 Oct 14 09:13:03
$ACHN nice
Investors Hangout
22 Oct 14 09:11:12
$ACHN Current Price Click Here: http://t.co/SqKxX7LubI Also See: $XLY $AKRX $SLTD $SMN ~
Ani Anirudhan
22 Oct 14 09:04:43
Regulus Gets Seat at Hep C Table With Today's Impressive Drug Results http://t.co/7RbNdeb3e8 via @TheStreet $RGLS $ACHN $GILD #HCV
Investors Hangout
22 Oct 14 09:03:35
$ACHN Exchange Click Here: http://t.co/nj9q3xf2nA Also See: $MBLY $IYR $TMF $EWJ ~
22 Oct 14 09:02:24
http://t.co/vVojvVrNNL danrocks: ZIP CASH TRAIN: $ACHN Buzz $F $EFA $ACHN $DE $XIV http://t.co/Fao4chYeEP
Chasing Stars
22 Oct 14 08:59:17
$ACHN Ideas Click Here: http://t.co/3nmWfjwpWL Also See: $GOOG $AA $EWN $EIRL ~
Investors Hangout
22 Oct 14 08:58:15
$ABBV Bid Click Here: http://t.co/214unshmIx Also See: $LULU $CYBR $ACHN $PSCF ~
22 Oct 14 08:57:22
$ACHN Buzz $F $EFA $ACHN $DE $XIV http://t.co/yYqvGhrkHP
22 Oct 14 08:54:06
$ACHN Who's all day trading this one? 10-30 cent scalps daily
Stock Forums
22 Oct 14 08:41:43
$ACHN Ask Size Click Here: http://t.co/8FqIusLZxL Also See: $INTC $TWTR $IBM $ABBV ~
By  +Follow June 11, 2014 8:05AM



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