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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
Langan Stocks
30 Oct 14 21:24:21
$BIDU P/E Ratio Click Here: http://t.co/5ekEATFkN7 Also See: $ACHN $CLF $SH $FLY.V ~
Auto Binary option
30 Oct 14 21:22:11
RT @chessNwine: NEW POST: Late Night Strategy for Friday http://t.co/DiJLjvnpPs $ACHN $IWM $QQQ $SPY $VMW
Chess
30 Oct 14 21:21:34
NEW POST: Late Night Strategy for Friday http://t.co/DiJLjvnpPs $ACHN $IWM $QQQ $SPY $VMW
Stockaholics
30 Oct 14 21:10:19
Our Penny Stock Newsletter Alert On MGON Closed up 112.5% Today! Major News: http://t.co/dvxYQnSJab $CRI $MRVL $ACHN
nasdaqfan
30 Oct 14 20:14:08
$ATRA Volume Click Here: http://t.co/GzP2eBYZ0G Also See: $IWM $CSX $XLY $ACHN ~
Stock Relay
30 Oct 14 18:36:54
$AMZN Volume Click Here: http://t.co/ujPOGttBSf Also See: $CMI $INFY $ACHN $DRYS ~
Jake13
30 Oct 14 18:34:35
$AMAT EOD Data Click Here: http://t.co/h9T9nY1mm7 Also See: $EEM $COST $LNKD $ACHN ~
PolgarStocks
30 Oct 14 18:09:08
$ACHN Tick Click Here: http://t.co/BDEeIONaaK Also See: $ILMN $FFIV $VOIS $XLV ~
jim50
30 Oct 14 18:08:55
$ACHN Chart Click Here: http://t.co/PaLTZwtIzX Also See: $TASR $FB $BIDU $NFLX ~
clayton
30 Oct 14 18:07:30
$ACHN Last Trade Click Here: http://t.co/g1MCJ6Ycou Also See: $VOIS $DUST $GMCR $WFC ~
Stock_Tracker
30 Oct 14 18:06:39
$ACHN Tick Click Here: http://t.co/9QEEm8HBfb Also See: $C $PCLN $GILD $CMI ~
IH News Desk
30 Oct 14 18:06:35
$ACHN 52Wk High Click Here: http://t.co/Q10meCKgS9 Also See: $XIV $GLD $HD $FNMA ~
lookn4wins
30 Oct 14 18:04:50
$ACHN Quotes Click Here: http://t.co/kkBU8mX317 Also See: $IWM $BTU $VXX $INFY ~
IH NASDAQ OMX
30 Oct 14 18:03:46
$ACHN News Click Here: http://t.co/NzkFYwQgZk Also See: $GM $SBUX $EPI $WAG ~
Jake13
30 Oct 14 18:03:03
$ACHN Company Info Click Here: http://t.co/xdfxVWMHgc Also See: $GGAL $CENX $HAL $INCC ~
Rosner Stocks
30 Oct 14 18:02:49
$ACHN Last Trade Click Here: http://t.co/rGA0y7mY4B Also See: $HGD.TO $AMAT $MS $MA ~
Langan Stocks
30 Oct 14 18:01:55
$ACHN Summary Click Here: http://t.co/RUcUEIURxr Also See: $PBR $BTU $SWRF $BAC ~
nasdaqfan
30 Oct 14 18:00:38
$ACHN Last Trade Click Here: http://t.co/3i2YVXy5d1 Also See: $IBB $KOL $SMH $EWZ ~
PolgarStocks
30 Oct 14 17:53:38
$ACHN Dividend Click Here: http://t.co/BOAhSZVhRT Also See: $XLE $GILD $RSX $FCX ~
Stock Relay
30 Oct 14 17:46:28
$AMAT Prev Close Click Here: http://t.co/E9Gpi1PdGy Also See: $ACHN $NUGT $XLI $BTU ~
Jake13
30 Oct 14 17:17:30
$AA Ex-Div Date Click Here: http://t.co/bvCD5tmNZp Also See: $ACHN $MOBL $IYT $ATRA ~
Langan Stocks
30 Oct 14 17:15:29
$AA Stock Message Board Click Here: http://t.co/eTp2CAlOH4 Also See: $ACHN $GE $FLY.V $MCD ~
Stock Relay
30 Oct 14 17:13:29
$ACHN News Click Here: http://t.co/x5QjlwV6AT Also See: $NLNK $FNMA $BMRN $F ~
Stock Relay
30 Oct 14 17:13:09
$ACHN Filings Click Here: http://t.co/yQNQSggAJE Also See: $CMI $TASR $MA $GDXJ ~
Stock Relay
30 Oct 14 17:11:30
$ACHN Ask Size Click Here: http://t.co/5bAHCcfFMg Also See: $NFLX $YDLE $XLE $SLV ~
Stock Relay
30 Oct 14 17:09:46
$ACHN Stock Forum Click Here: http://t.co/FbKMizBSXp Also See: $IYT $TASR $HD $CELG ~
Stock Relay
30 Oct 14 14:13:36
$KRED Change Click Here: http://t.co/6zyDnJFPz0 Also See: $ACHN $JASO $FB $EWZ ~
Stock Relay
30 Oct 14 14:10:47
$JNK Current Price Click Here: http://t.co/xe6foC3PtY Also See: $TSLA $GS $MCD $ACHN ~
Daily Contracts
30 Oct 14 13:37:01
Real-Time feed of company contracts, original agreements and executive updates from Achillion Pharmaceuticals $ACHN http://t.co/uYWfg35nrS
Stock Relay
30 Oct 14 13:11:01
$JNJ 52Wk High Click Here: http://t.co/l1G9eb9Lmz Also See: $TUBE $ACHN $XLB $CENX ~
Ben C. Banks
30 Oct 14 13:08:30
Leaving today with half of $ACHN (long since 10/27). Not seeing actionable patterns right now.
wsduckk
30 Oct 14 12:54:28
just when needed santa is back throwing bids up up up $achn
Sheff2D2
30 Oct 14 12:27:30
@chasingthealpha 100% agree. I believe no new product without phase 2 data today in combo with another Daa has a future. ahem $ACHN
Stock Forums
30 Oct 14 12:12:01
$IYT Bid Click Here: http://t.co/juE0VAxuUs Also See: $HALO $GM $ACHN $MBLY ~
wsduckk
30 Oct 14 11:53:39
$achn let the dumping commence
Bill Tracy
30 Oct 14 11:03:17
RT @StockPicksNYC: $DSKX $ACHN $INO all my stocks alerts start out slow but make gains over time $DSKX going up all morning keep still more…
Stock_Tracker
30 Oct 14 11:03:16
$INCC Short Sales Click Here: http://t.co/HojtS907cx Also See: $PCLN $ELTP $ACHN $SLV ~
leahanne
30 Oct 14 11:00:21
$INCC Shares Click Here: http://t.co/sdEwWubeYF Also See: $MHYS $NEM $ACHN $TBT ~
Neph
30 Oct 14 10:54:33
Long $DGLY $ACHN $NVAX $SHLX
Top Stock Retweets
30 Oct 14 10:33:26
RT @StockPicksNYC: $DSKX $ACHN $INO all my stocks alerts start out slow but make gains over time $DSKX going up all morning keep still more…
wsduckk
30 Oct 14 10:30:10
whatsup $ACHN just go over 12 now
PowerTrades
30 Oct 14 10:06:31
RT @StockPicksNYC: $DSKX $ACHN $INO all my stocks alerts start out slow but make gains over time $DSKX going up all morning keep still more…
Stock Picks NYC
30 Oct 14 10:05:58
$DSKX $ACHN $INO all my stocks alerts start out slow but make gains over time $DSKX going up all morning keep still more gains to come.
Stock Relay
30 Oct 14 09:57:21
$HAL Volume Click Here: http://t.co/grMVm2qnwc Also See: $ACHN $PEIX $BDCL $HD ~
DennyT
30 Oct 14 09:33:27
$HD Stock Forum Click Here: http://t.co/ZGbZb5rV1F Also See: $CAT $TAN $ACHN $HYG ~
JoshMayfield
30 Oct 14 09:17:28
RT @shaneblackmon: $AVNR daily chart reminds me a lot like $ACHN in August as it was about to break out
Shane Blackmon
30 Oct 14 09:10:29
$AVNR daily chart reminds me a lot like $ACHN in August as it was about to break out
Ben C. Banks
30 Oct 14 08:46:54
$ACHN picking up a little steam today, logically stop will be move to today's lows. Long half (sold other half 10/28 @ 12.50).
wininstocks2014
30 Oct 14 08:28:35
ACHN 11.80 Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Last Updated: 10/30/2014 10:28:42 ACHN S http://t.co/RxoM6aFNN4
DennyT
30 Oct 14 08:00:09
$GMCR Filings Click Here: http://t.co/3A6P5oTk2t Also See: $MO $ACHN $GLD $NLNK ~
				
				
By  +Follow June 11, 2014 8:05AM
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