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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. 

 

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Results for ACHN
chartguy89
29 Aug 15 06:01:16
ACHN +3.33% Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Last Updated: 08/29/2015 08:01:20 ACHN http://t.co/uSNqMMZA0i
Chadbourne Rolle
28 Aug 15 10:37:54
http://t.co/gMru4Vicl5 Verified $17.02 loss in $ACHN Bulk Import
Alexander Morris
28 Aug 15 07:19:19
$ACHN: At 1DyHIGH=7.66, hits:2, ch:+1.9%, 0phNearHi, PDayGp+, AtPivR1, tf:0111111, medFlt:91M, HiPctSht[25%:5d], DyVol:267T:0.1x:0.1x
DailyStockPicks
27 Aug 15 23:25:59
$ANFI huge bounce play as short attack put in doubt. 100%-200% upside potential $PCYC $WU $ACHN investors read http://t.co/L1jwUVoc1O
Stock Rocket
27 Aug 15 22:48:29
Our Penny Stock Alerts Gained 550% In Less Than 6 Weeks! We Have A HUGE New Pick In The Works: http://t.co/wNx8NkJOZ4 $CRI $MRVL $ACHN
Stockaholics
27 Aug 15 22:34:03
Platinum Subscribers Saw Our Stock Picks Gain 4,000% In 10 Months! See Our New Pick: http://t.co/g5i9WatmiT $CRI $MRVL $ACHN
Stock Dawgzz
27 Aug 15 22:28:27
Our Platinum Members Saw Stock Picks Gin Over 550% In 5 Weeks! See Our Exclusive New Pick: http://t.co/V9CRygFGCi $CRI $MRVL $ACHN
StockenheimerSchmidt
27 Aug 15 22:27:18
Our Penny Stock Picks Have Been Seeing MASSIVE gains! We Have A Big New Pick Coming: http://t.co/kfHwjHzHOI $CRI $MRVL $ACHN
Penny Stockington
27 Aug 15 22:22:49
Our Stock Alert On $GEQU Nearly QUADRUPLED In 2 Weeks! Special Update: http://t.co/EYbtsRpShV $CRI $MRVL $ACHN
US Banking News
27 Aug 15 09:35:31
Achillion Pharmaceuticals Given Consensus Recommendation of “Buy” by Brokerages $ACHN http://t.co/JEjpzLyyNt
Ticker Report
27 Aug 15 09:27:05
Achillion Pharmaceuticals Given Consensus Recommendation of “Buy” by Brokerages $ACHN http://t.co/wA31hunDJB
Dakota Financial
27 Aug 15 09:24:29
Achillion Pharmaceuticals Given Consensus Recommendation of “Buy” by Brokerages $ACHN http://t.co/V8ZSP2PGMy
ProTradersNews
27 Aug 15 09:20:03
$ACHN: Achillion Pharmaceuticals Given Consensus Recommendation of …: http://t.co/ulROXOFaF5
Carlitos Ferg
27 Aug 15 07:20:12
$SRPT one of only biotech stocks that keeps the momo going, making new highs in bear market. $EXEL $ACHN @Scelliott81
brian sweetheart
27 Aug 15 06:21:36
Voted top trading group. http://t.co/5eVXN8RJLp Related: $BSMX $PDLI $CIG $PTBI $PSEC $BBG $ACHN
Peter Bardens
27 Aug 15 06:11:38
$ACHN Will Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) Surprise This Quarter? http://t.co/QOSdtVUekb
Samuel Brown
27 Aug 15 06:11:36
$ACHN Critical Alerts For PayPal Holdings Inc., Skechers, Intel, Achillion ... http://t.co/MHAliSLSee
Greg David
27 Aug 15 06:04:05
http://t.co/APzP66vnr4 IN PLAY: $COCOQ $ACHN $MRES $EAPH $OIBR $PSEC $INVN $PWE $GNBT $AMRN $ECRY $NYMT $SFXE http://t.co/nLmTtNbySx
InvestWithConf
27 Aug 15 04:46:02
$ACHN is rated BUY, 81.6% upside by Wall Street analysts based on average ratings/targets http://t.co/5hmvjT2FrH http://t.co/R7mjTGGrfS
Paul Henry
27 Aug 15 01:06:45
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $CRI $MRVL $ACHN
Michael James
27 Aug 15 01:02:53
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9MhDfe $CRI $MRVL $ACHN
Michael Cook
27 Aug 15 01:00:48
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmijJY $CRI $MRVL $ACHN
Dave
26 Aug 15 22:16:21
http://t.co/L46QQZciCc IN PLAY: $COCOQ $ACHN $MRES $EAPH $OIBR $PSEC $INVN $PWE $GNBT $AMRN $ECRY $NYMT $SFXE http://t.co/4zkf4Hde1a
Dave
26 Aug 15 22:03:39
http://t.co/L46QQZciCc IN PLAY: $COCOQ $ACHN $MRES $EAPH $OIBR $PSEC $INVN $PWE $GNBT $AMRN $ECRY $NYMT $SFXE http://t.co/vVS5pVbn6m
AdamSam
26 Aug 15 16:45:18
$MNKD nice, also think $OVAS has good potential, $ARWR $NVAX $ADXS $ACHN $ZIOP all look good $GILD $VRTX
BreakingStocksNews
26 Aug 15 12:04:03
$ACHN: Stock Update – Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN): http://t.co/l1sOLwaibF
Paul Henry
26 Aug 15 10:55:28
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $CRI $MRVL $ACHN
Michael James
26 Aug 15 10:54:18
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $CRI $MRVL $ACHN
Michael Cook
26 Aug 15 10:53:23
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmzV8y $CRI $MRVL $ACHN
Dan
26 Aug 15 08:17:13
$ACHN OI for maturity 08/28/2015. 8.50 Highest put. 8.00 Highest call. http://t.co/1ZPZuZWGXk
Dave
26 Aug 15 07:45:04
http://t.co/L46QQZciCc IN PLAY: $COCOQ $ACHN $MRES $EAPH $OIBR $PSEC $INVN $PWE $GNBT $AMRN $ECRY $NYMT $SFXE http://t.co/yudvvpCg8T
James DiPlata
26 Aug 15 06:12:44
RT @IOOptionsTrades: Critical Alerts for $PYPL, $SKX, $INTC, $ACHN and $SFUN from InvestorsObserver today: http://t.co/hNttx116ze #OptionsT…
James DiPlata
26 Aug 15 06:12:44
RT @JulianClose_MIC: Critical Alerts for $PYPL, $SKX, $INTC, $ACHN and $SFUN from InvestorsObserver today: http://t.co/20wMTWznJg #OptionsT…
Christopher Angus
26 Aug 15 06:10:03
Stocks near strong wedge-down pattern: $GREK, $IROQ, $PFIG, $ACHN
Investors Observer
26 Aug 15 05:43:16
Critical Alerts for $PYPL, $SKX, $INTC, $ACHN and $SFUN from InvestorsObserver today: http://t.co/hNttx116ze #OptionsTrading #CoveredCalls
Julian Close
26 Aug 15 05:43:16
Critical Alerts for $PYPL, $SKX, $INTC, $ACHN and $SFUN from InvestorsObserver today: http://t.co/20wMTWznJg #OptionsTrading #CoveredCalls
Breaking News Now
26 Aug 15 02:17:02
$ACHN: Achillion Pharmaceuticals, Inc. Short Interest Update: http://t.co/ppbIm2kX5c
Stockaholics
25 Aug 15 23:28:26
Platinum Subscribers Saw Our Stock Picks Gain 4,000% In 10 Months! See Our New Pick: http://t.co/g5i9WabKUj $CRI $MRVL $ACHN
Stock Rocket
25 Aug 15 23:27:27
Our Penny Stock Alerts Gained 550% In Less Than 6 Weeks! We Have A HUGE New Pick In The Works: http://t.co/wNx8NkJOZ4 $CRI $MRVL $ACHN
StockenheimerSchmidt
25 Aug 15 23:26:11
Our Penny Stock Picks Have Been Seeing MASSIVE gains! We Have A Big New Pick Coming: http://t.co/kfHwjHzHOI $CRI $MRVL $ACHN
Stock Dawgzz
25 Aug 15 23:25:33
Our Platinum Members Saw Stock Picks Gin Over 550% In 5 Weeks! See Our Exclusive New Pick: http://t.co/V9CRygo5dI $CRI $MRVL $ACHN
Penny Stockington
25 Aug 15 23:22:41
Our Stock Alert On $GEQU Nearly QUADRUPLED In 2 Weeks! Special Update: http://t.co/EYbtsRHt9t $CRI $MRVL $ACHN
Daily Contracts
25 Aug 15 15:58:22
$ACHN News: Amendment http://t.co/qDBEGseoGh #amendment #amendmenttolease
NKaz
25 Aug 15 15:31:09
Verified 2k+ swing $ACHN short. Covered before today's close, probably see a small bounce tomorrow
Shark Pack
25 Aug 15 15:26:05
$ZIOP $CLDX $HRTX $EPZM $OMER $INO $ACHN $JUNO $ACAD people still trying to chase the worst junk are caught holding the bag yet again
Michael James
25 Aug 15 13:22:12
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $CRI $MRVL $ACHN
Michael Cook
25 Aug 15 13:18:38
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmijJY $CRI $MRVL $ACHN
Paul Henry
25 Aug 15 13:16:15
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFysLuN7 $CRI $MRVL $ACHN
Homegameralert
25 Aug 15 12:27:05
grabbing more small bios on drop in markets, looking at $KERX, $GALE, $ADXS, $ACHN, $NVGN, $PSID, $CNAT and $KITE
John Ablemann
25 Aug 15 12:16:16
$ACHN Option Bulls Swarm White-Hot Achillion Pharmaceuticals, Inc. (ACHN) http://t.co/BpmdsKifRl
				
				
By  +Follow June 11, 2014 8:05AM
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