Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


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.

Signup for our daily newsletter and get our best articles emailed right to you!

Results for ACHN
25 Oct 14 03:14:13
Latest day-trades $ACHN $APT $NLNK $VSR $MACK http://t.co/zjlzIvjqsF
25 Oct 14 02:31:10
$ACHN setup http://t.co/ieI7gYcEvP
24 Oct 14 23:36:35
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…
24 Oct 14 23:05:21
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $CRI $MRVL $ACHN
Ben Silverberg
24 Oct 14 16:54:52
$ACHN Bullish MoMo, BB Squeeze and touching upper Band, S 11.15, R 13.22; slow and steady Hep C Play http://t.co/oK8tdU5Pyf
Investors Hangout
24 Oct 14 15:02:03
$GG Summary Click Here: http://t.co/eu5Rg8v1jD Also See: $AXP $BIIB $XLI $ACHN ~
Hot Stock Twits
24 Oct 14 14:38:49
RT @OptionsHawk: $ACHN pop, OTM Nov. 16 through 17 calls seeing some action
5 Star Stocks
24 Oct 14 14:33:11
RT @StockPicksNYC: $ACHN creeping up. At 10.46 already headed for higher. I kept saying this was to cheap at these low prices $INO at 11.40…
Letoya Cole
24 Oct 14 14:29:50
RT @StockPicksNYC: @jimcramer Tried to tell you early bro. $INO $ACHN Anyways Great show! #MadMoney on #CNBC #JimCramer RT! http://t.co/yu…
24 Oct 14 14:12:20
@optionmonster what do you think of the action in $ACHN Nov. Calls?
24 Oct 14 13:43:55
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $CRI $MRVL $ACHN
Daily Contracts
24 Oct 14 13:28:00
Real-Time feed of company contracts, original agreements and executive updates from Achillion Pharmaceuticals $ACHN http://t.co/uYWfg35nrS
24 Oct 14 13:23:58
$ACHN - http://t.co/ssFlM61N2p http://t.co/QYc10NroBn #stockcharts
24 Oct 14 12:51:07
tested a few long over last few days $TNET, $ACHN, lots of the other leaders working well now. $SPX extended but a few good bases out there
24 Oct 14 12:47:14
Update: $ACHN now at +3.21% # $IBB #BiotechTraderHandbook--> http://t.co/0qUXjBVYVt
24 Oct 14 12:41:19
$ACHN $ALIM $CDK $CLF $FEYE $NYT $OREX $PE $VNDA autocharts @ http://t.co/hj7PGeTQk3
24 Oct 14 12:41:12
looking at potential small bios for take out picks, looking at $KERX, $ISR, $ANIP, $BONE, $NVDA, $ALXA, %KITE, $ACHN, pipeline & earnings to
24 Oct 14 12:19:36
Sector updates: $ACHN trading at +3.12% #options #BiotechTraderHandbook--> http://t.co/JDdc1OTfZF
24 Oct 14 12:12:54
RT @sethdavidlewis: @AndyBiotech @MarkSchoenebaum i hear $achn nuc has a better camera
Irma Doucet
24 Oct 14 12:04:07
$ACHN Did Achillion Pharmaceuticals, Inc. Get Left Out in the M&A Cold? http://t.co/229eCiKrf5
24 Oct 14 12:03:27
$ACHN daily chart http://t.co/tFQ5Ty8QzH
24 Oct 14 12:03:26
@AndyBiotech @MarkSchoenebaum i hear $achn nuc has a better camera
Seth Lewis
24 Oct 14 11:54:14
@AndyBiotech @MarkSchoenebaum i hear $achn nuc has a better camera
24 Oct 14 11:38:17
$ACHN $CLF $DGX $ESI $LEG $LPI $NQ $PENN autocharts @ http://t.co/hj7PGeTQk3
Stephen s
24 Oct 14 11:35:29
RT @StockAviator: Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $A…
24 Oct 14 11:21:56
$ACHN daily chart http://t.co/obebXWasid
Samuel Brown
24 Oct 14 11:01:14
$ACHN Did Achillion Pharmaceuticals, Inc. Get Left Out in the M&A Cold? http://t.co/L6Vp9TFAhI
24 Oct 14 10:33:32
Given nearly identical structure to Sovaldi and preclinical data, would place greater than 50:50 odds of 3422 success. $ACHN
John Pishko
24 Oct 14 10:27:07
Keeping an eye on $ACHN for an entry on a cheat breakout
24 Oct 14 10:18:28
@Investor666 if its not about crazy PT and hype $ACHN would be under 6, even if data is + most of the value is priced in at 1+B MC
Brian K Hall
24 Oct 14 10:12:11
$ACHN Been hitting higher highs everyday. I think this will continue to move up in anticipation of Data due by 12/20
Brian K Hall
24 Oct 14 10:01:39
$ACHN,$AGIO, $AKRX,$ANAC, $AVNR, $NLNK-6 stocks to watch - MarketWatch http://t.co/lGgHVZXVyQ
24 Oct 14 09:40:16
$achn doing what its best at ..slow climb ...rapid selloff
24 Oct 14 09:04:23
RT @chessNwine: NEW POST: Biotechs Still a Haunted House for Bears http://t.co/zycdWWVPBT $ACHN $BIS $IBB $QQQ $SPY
wes noon
24 Oct 14 09:00:05
@adamfeuerstein do you like $ACHN?
24 Oct 14 08:53:33
Weekly options on $ACHN ?
24 Oct 14 08:37:17
NEW POST: Biotechs Still a Haunted House for Bears http://t.co/zycdWWVPBT $ACHN $BIS $IBB $QQQ $SPY
Investors Hangout
24 Oct 14 08:29:37
$CTIX Exchange Click Here: http://t.co/GNcuHmYC7N Also See: $TRTC $BMY $HL $ACHN ~
24 Oct 14 08:25:29
Again, patent issue of $ACHN 3422 nothing new. Sovaldi still in major patent dispute with $IDIX/$MRK/$ABBV.
24 Oct 14 08:20:41
Potential Intraday Runners |http://t.co/xKyvVISux2 $CLF, $ACHN, $CLDX, $KNDI, $DATA, $DGLY, $XONE, $PBPB, $FMI
Ryan Mallory
24 Oct 14 08:05:17
Beautiful trade setup in $ACHN but the last thing I really care to do in this market is throw a biotech in the portfolio.
24 Oct 14 07:52:19
$ACHN $GILD $ISIS $MACK $MTOR $NLNK $NPSP $VSR $ZIOP autocharts @ http://t.co/hj7PGeTQk3
24 Oct 14 07:18:18
$ACHN $BCRX $CIE $CLNE $GILD $ISIS $MACK $NQ $TER autocharts @ http://t.co/hj7PGeTQk3
Harry Walkman
24 Oct 14 07:01:49
$ACHN Achillion Pharmaceuticals, Inc. Shares Trading At Highs Following Positive ... http://t.co/LMzp15mfQP
Jack Trader
24 Oct 14 07:01:47
$ACHN Did Achillion Pharmaceuticals, Inc. Get Left Out in the M&A Cold? http://t.co/8JlC0NTnXp
J.Paulo Coelho
24 Oct 14 07:01:27
$ACHN another one that could get moving shortly http://t.co/A00LMXmlpo
Jon Vince
24 Oct 14 06:35:33
RT @StockAviator: Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $A…
24 Oct 14 06:21:29
Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $ACHN $MYEC
Stock Forums
24 Oct 14 03:07:44
$AEP Bid Click Here: http://t.co/6HV0rQssv4 Also See: $TKMR $ACHN $EXK $CORN ~
Stock Forums
24 Oct 14 02:56:52
$ACHN EOD Data Click Here: http://t.co/MVxlUZl1it Also See: $SA $HAS $QID $IMLE ~
By  +Follow June 11, 2014 8:05AM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.