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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
Call Me Baloo
25 Jan 15 03:43:59
Freak Show.... $ACHN http://t.co/4P6XoPrIF6
Call Me Baloo
25 Jan 15 03:43:05
The Freak Show 0:42 listen... $ACHN http://t.co/2JHC9oheWm
HotKeyTrading
25 Jan 15 03:00:19
Insiders Buying: $WPC $OWW $KMI $SPWH $TTEK $CMA $VG $DAL $LM $LAKE $ASPS $KBR $RJF $ACHN $BOH http://t.co/TRx9EnjwT5 #nyse #finance #spy
Alex Galan
25 Jan 15 02:53:31
#NASDAQ $ACHN mirror level, take profit 3:1 http://t.co/YbiUcRdv9w
Mind Is Key-Trading
25 Jan 15 02:39:12
RT @microcaptrader2: Watch-list ( setups with entry targets) for the week ahead $SPY $GLD $KITE $RGLS $CYBR $CBMX $RMTI $NLST $ACHN $ARRY h…
microcaptrader
25 Jan 15 02:28:35
Watch-list ( setups with entry targets) for the week ahead $SPY $GLD $KITE $RGLS $CYBR $CBMX $RMTI $NLST $ACHN $ARRY http://t.co/8zVkJyO0f4
mike ring
25 Jan 15 00:39:59
RT @mark_siberdog57: @MomoTrades15 My humble opin $ACHN has a potentially viable pipeline, & whether or not its candidates pass trials, HCV…
Stock Rocket
25 Jan 15 00:22:33
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CRI $MRVL $ACHN
8-bitgenstein
24 Jan 15 22:24:06
RT @dougheuringaria: DB Questions we get from investors and our answers $ACHN $ARWR $ALNY http://t.co/N6Bwi79ur8
Mattie Leblanc
24 Jan 15 22:15:57
Swing Trading Watch-List $GS $AMZN $ACHN $S $BAC
Geek on Stocks
24 Jan 15 20:26:23
Staying long $ACHN $CLDX $FOLD
Stockaholics
24 Jan 15 19:58:27
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $CRI $MRVL $ACHN
chartguy89
24 Jan 15 19:44:40
ACHN +3.29% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Last Updated: 01/24/2015 21:44:44 ACHN http://t.co/qJht19HW9B
Mark
24 Jan 15 19:42:44
@MomoTrades15 $ACHN has a pretty high beta lately, especially during pre market. Never know what is really going on. Run rarely continues
Mark
24 Jan 15 19:12:47
@MomoTrades15 My humble opin $ACHN has a potentially viable pipeline, & whether or not its candidates pass trials, HCV mkt huge = $$$$buyout
dougheuring
24 Jan 15 19:08:33
WF Valuation Range Information $ALDR $CELG $ACHN $OREX $XNPT $GILD $VVUS http://t.co/wM4EWBwcV2
Mark
24 Jan 15 19:04:07
@MomoTrades15 not only did the $ACHN price spike & drop quickly, by the EOD it was below previous close & next days low point was ~$11.00
Mark
24 Jan 15 18:51:40
@MomoTrades15 Good story on $ACHN stock: 3am preCC few weeks ago looking to buy 300 shares, buy@13.80, spikes to $26 in 1 hour, sell at $23💰
dougheuring
24 Jan 15 18:24:01
DB Questions we get from investors and our answers $ACHN $ARWR $ALNY http://t.co/N6Bwi79ur8
Stockaholics
24 Jan 15 15:59:32
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $CRI $MRVL $ACHN
HotKeyTrading
24 Jan 15 15:00:18
Insiders Buying: $WPC $OWW $KMI $SPWH $TTEK $CMA $VG $DAL $LM $LAKE $ASPS $KBR $RJF $ACHN $BOH http://t.co/Vv2VEnpBuv #stockmarket #mkt
Rayguo
24 Jan 15 12:13:43
RT @OTP_Group: frontiers: $ACHN clearly tried to hide this news amid: frontiers http://t.co/ZehVNm94Ni
Stock Rocket
24 Jan 15 12:05:35
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CRI $MRVL $ACHN
Stock Rocket
24 Jan 15 07:27:09
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CRI $MRVL $ACHN
rist115ch
24 Jan 15 07:16:59
@BioRunner59 well i think it definitely means no buyout monday $ACHN
microcaptrader
24 Jan 15 06:53:27
On 23/1/2015 we traded $ACHN $ARRY $ADXS most of them from our watch-list for $1136 http://t.co/xlAzckMcAe #joinchat
microcaptrader
24 Jan 15 06:51:57
21/1/2014 we traded $UVXY $CNET $GERN $ACHN most of them from our watchlist sent on the morning for 955$ http://t.co/USZCOJWwLl #joinchat
microcaptrader
24 Jan 15 06:50:13
On 22/1/2015 we traded $VA $ACHN $UVXY $CNET from our daily watch-list ( sent on the morning ) for 1044$ http://t.co/XsXSx0UW9D … #joinchat
rist115ch
24 Jan 15 06:41:23
@BioRunner59 $ACHN so disappointed once again. Insider selling once again. No deal happening any time soon.
lookn4wins
24 Jan 15 05:53:31
Stocks Trending Now: http://t.co/3At6WLra8p $ACHN $BCTE $USCR $NEVDF $AHH $HOCFY $DWRKF $SAIC $GOLCF $PURO $EESH $CBOF ~
Tanguay
24 Jan 15 05:45:56
RT @SharePlanner: $ACHN Ready For the Breakout http://t.co/Msk1S177Dh
Stock Rocket
24 Jan 15 03:30:20
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CRI $MRVL $ACHN
HotKeyTrading
24 Jan 15 03:00:17
Insiders Buying: $WPC $OWW $KMI $SPWH $TTEK $CMA $VG $DAL $LM $LAKE $ASPS $KBR $RJF $ACHN $BOH http://t.co/TRx9EnjwT5 #watchlist #mkt #dow
Stock Rocket
23 Jan 15 22:59:02
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CRI $MRVL $ACHN
StockNewsWires
23 Jan 15 20:26:05
$ACHN $ACN: New Insider Selling for January, 23rd (ACHN, ACN, BCR, BDBD ...: http://t.co/90mKD0P1At
JSTOCKBROKERS
23 Jan 15 20:01:37
RT @SheffStation: Credit Suisse comments on $ARWR, $ACHN, & $ISIS. http://t.co/0v5uvZ65Yc
Geek on Stocks
23 Jan 15 19:57:10
@mark_siberdog57 Most def. What do you think of $ACHN itself?
Mark
23 Jan 15 19:47:51
@MomoTrades15 Seems COMMON FOR $ACHN(from 2013)Form 4 ACHILLION PHARMACEUTICAL For: Jul 15 Filed by: Kolchinsky Peter http://t.co/u9pslaNdfV
Geek on Stocks
23 Jan 15 17:40:49
@TravisMKnight @pbmech @mark_siberdog57 Ques. for the pros, what does options selling by CEO and CFO tell? $ACHN http://t.co/XFPoKGUzQy
The Legacy News
23 Jan 15 17:27:21
New Insider Selling for January, 23rd $ACHN, ACN, BCR, BDBD, COUP, CRUS, DK, ECHO, ENLK, ETFC http://t.co/C0Ng4bjnLA
mike ring
23 Jan 15 17:06:24
RT @InvestorsLive: $ACHN still doing it
ProVesting
23 Jan 15 17:06:04
$ACHN: Insider Selling: Achillion Pharmaceuticals CFO Mary Kay Fenton ...: http://t.co/6lcwWdYmKm
Sleek Money
23 Jan 15 17:05:15
Insider Selling: Achillion Pharmaceuticals CFO Mary Kay Fenton Sells 13,125 Shares of Stock $ACHN http://t.co/qEmniHSl6f
microcaptrader
23 Jan 15 16:55:23
check our last setups http://t.co/xlAzckMcAe … $ARRY $CLDX $ACHN $NLST - for 25$ you get daily setups with high r/r ratio
Sleek Money
23 Jan 15 16:50:09
Achillion Pharmaceuticals CEO Milind Deshpande Sells 100,000 Shares $ACHN http://t.co/odaOVpsaBD
StockNewsWires
23 Jan 15 16:46:03
$ACHN: Achillion Pharmaceuticals CEO Milind Deshpande Sells 100000 ...: http://t.co/PTFDyveJih
US Banking News
23 Jan 15 16:41:01
Achillion Pharmaceuticals CFO Sells $210,000.00 in Stock $ACHN http://t.co/nwE4dPbcHU
InterCooler
23 Jan 15 16:34:11
Achillion Pharmaceuticals CFO Sells $210,000.00 in Stock $ACHN http://t.co/HOtcI9VlPb
ProTradersNews
23 Jan 15 16:31:04
$ACHN: Achillion Pharmaceuticals CEO Milind Deshpande Sells 100000 ...: http://t.co/41RobhpGk7
StockNewsWires
23 Jan 15 16:31:04
$ACHN: Achillion Pharmaceuticals CFO Sells $210000.00 in Stock (ACHN): http://t.co/8fRQ39tBjG
				
				
By  +Follow June 11, 2014 8:05AM
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