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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
Ian Estepan
21 Nov 14 10:50:29
Someone buying 1500 of the $ACHN jan 20 calls for 1.7 - hep c fever...
StockAviator.com
21 Nov 14 10:38:18
Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/30Wzoc9t1Q $MJNA $PLUG $AVNR $ACHN $MYEC
PennyStock Zone
21 Nov 14 10:25:18
http://t.co/nGpJsAI10D <-- Turn $100 into $1000, $10000 or more in 30 days! $JCP $CYBR $FUEL $CSCO $CSIQ $ACHN $XONE $LULU
chartguy89
21 Nov 14 10:20:41
HXD.TO Stock Chart $HXD.TO $SPLK $PLUG $ACHN http://t.co/ndDC85zcRI? http://t.co/JkPX9NE999
Stock Signaling
21 Nov 14 09:31:03
Visual Stock Comparison Tool: http://t.co/S9oPUZ8PN3 : $SCTY $JKS $JASO $SUNE $SLXP $DDD $P $BITA $AREX $CSIQ $OREX $AMBA $JRJC $ACHN $CDTI
Etos Etana
21 Nov 14 09:22:27
RT @IHPosts: Emylers: $ACHN Up to date company activities and other http://t.co/sFSLcnMkr6
Investors Hangout
21 Nov 14 09:20:49
Emylers: $ACHN Up to date company activities and other http://t.co/sFSLcnMkr6
Investors Hangout
21 Nov 14 09:20:47
Emylers: $ACHN Up to date company activities and other http://t.co/bSKseNrlq8
Emylers
21 Nov 14 09:14:12
$ACHN Up to date company activities and other important information about $ACHN http://t.co/rT2BVDfLXO
lookn4wins
21 Nov 14 08:57:56
$XLY 200 Simple Moving Average $XLY Most recent stock chart and technical analysis. $AA $ABX $GRCU $AMZN $ACHN http://t.co/OqvNOF7sU0
Maleah
21 Nov 14 08:56:53
http://t.co/K0pEEt9my3 <-- Last Year this millionaire trader made $163,000 during Thanksgiving week! $CSIQ $ACHN $XONE $LULU
Etos Etana
21 Nov 14 08:56:08
RT @IHPosts: DennyT: SLV Financials $SLV $CADC $ACHN $SPXU $LNG http://t.co/Od9CHlNOPH
Investors Hangout
21 Nov 14 08:49:48
DennyT: SLV Financials $SLV $CADC $ACHN $SPXU $LNG http://t.co/Lr25xJYjQ6
Investors Hangout
21 Nov 14 08:49:46
DennyT: SLV Financials $SLV $CADC $ACHN $SPXU $LNG http://t.co/Od9CHlNOPH
Don Looney
21 Nov 14 08:45:18
Damn you $ACHN, quit jacking around and get on with it...
Investors Hangout
21 Nov 14 08:32:16
jim50: $ACHN Volume Date=Nov-21-2014 Open=13.52 http://t.co/YOkNlJUPsk
Investors Hangout
21 Nov 14 08:32:16
jim50: $ACHN Volume Date=Nov-21-2014 Open=13.52 http://t.co/CIgu9qtaId
jim50
21 Nov 14 08:22:54
$ACHN Volume Date=Nov-21-2014 Open=13.52 High=13.68 Low=13.17 Close=13.24 Volume=524664 http://t.co/SmIMfDuA9m
Penny Stock Secret
21 Nov 14 07:43:06
The Most Accurate Penny Stock Alert Service Made $54,000 Yesterday Click here http://t.co/SVqoMlijqL .. $CRI $MRVL $ACHN
Katsu
21 Nov 14 07:20:31
$ACHn $OREX nice so far
Luckbot
21 Nov 14 07:10:34
bot: opened bull put spread on $ACHN Jan 2.50/7.50 [$2,880 at risk]
Luckbot
21 Nov 14 07:10:01
bot: closed $ACHN Jan 4.00/10.00 bull put spread [net $535]
Katsu
21 Nov 14 07:00:44
$OREX $ACHN perk
Scott Spencer
21 Nov 14 06:32:50
$ACHN added more at $13.55 LONG
Chris Sanders
21 Nov 14 06:12:23
RT @katsu127: $ARIA $OREX $ACHN these trio maybe ready for another run b/o watch
Katsu
21 Nov 14 06:11:45
$ARIA $OREX $ACHN these trio maybe ready for another run b/o watch
TradeAddict
21 Nov 14 05:41:45
$ACHN could come back today
Jordi Pàmies
21 Nov 14 05:12:19
$ACHN, Long setup, flaggging for a few days. http://t.co/Cn4Q6GfYeI
 Savino
21 Nov 14 04:52:16
#watchlist NOV 21-- $SSRI, $ARIA, $ODP, $ACHN, $TRUE, $NETE, $MAGS, $MITK, $RPI, $EDAP, $CANF
Maleah
21 Nov 14 04:45:27
http://t.co/K0pEEt9my3 <-- Last Year this millionaire trader made $163,000 during Thanksgiving week! $CSIQ $ACHN $XONE $LULU
Don Looney
21 Nov 14 04:31:59
$ACHN, $GPRO, and everything Chinese.
Lis!
21 Nov 14 03:16:48
RT @katsu127: $ACHN $OREX flag b/o watch
mike ring
21 Nov 14 02:50:52
RT @katsu127: Daily Specials For 11-21 $OREX $ACHN $PLNR .. http://t.co/mPZfcz59ug
Scott Elliott
21 Nov 14 02:48:08
My Watchlist 11/22 $CYBR $ZEN $LE $ACHN $RCPT $CLDX $FOLD $PLNR $TSEM $INTC $AMED $BABA $KITE $FLWS
Stockaholics
21 Nov 14 02:03:56
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $CRI $MRVL $ACHN
PsychoOnWallSt
21 Nov 14 00:48:02
RT @katsu127: Daily Specials For 11-21 $OREX $ACHN $PLNR .. http://t.co/mPZfcz59ug
Katsu
21 Nov 14 00:28:51
Daily Specials For 11-21 $OREX $ACHN $PLNR .. http://t.co/mPZfcz59ug
Katsu
20 Nov 14 23:52:22
$ACHN $OREX flag b/o watch
PandA Trader
20 Nov 14 23:47:43
New post: #300Club screening w/e 11/22 $ACHN $AGIO $ANIP $GRBK $PEIX $PTX $RCPT $RDNT $TGTX $WLDN $STUDY http://t.co/5MxTn7tRhJ
OTPicks.com
20 Nov 14 22:27:07
http://t.co/NYsxQOU64w lookn4wins: ACHN 13.30 Stock Charts $ACHN Achillion: lookn4wins http://t.co/JVKf20TZAH http://t.co/NYsxQOU64w
Brandon Penrod
20 Nov 14 21:52:13
RT @StockEnigma: New post: 11/21 Watch List http://t.co/sujHrmdwO7 $CLDX $ARIA $CANF $FOLD $REXX $ACHN $CERS $NGL<< Always Great watchlists!
lookn4wins
20 Nov 14 21:49:19
ACHN 13.30 Stock Charts $ACHN Achillion Pharmaceuticals Inc. (NASDAQ) Any opinions on ACHN? Please reply to th http://t.co/9QEdjKCy1k
Chess
20 Nov 14 21:48:25
NEW POST: Late Night Strategy for Friday http://t.co/ESPOqNtCfQ $ACHN $LVS $QQQ $SPY $WYNN
00Matt
20 Nov 14 20:43:07
New post: 11/21 Watch List http://t.co/1DPPexRfjF $CLDX $ARIA $CANF $FOLD $REXX $ACHN $CERS $NGL
OhNo5000Bees!
20 Nov 14 20:15:35
Fri watch: Momo: $JASO, $CANF, $EDAP, $GV, $GTE, $NETE Chart: $MACK, $ACHN, $BEBE, $EXXI, $GASL, $ASX, $GERN
nextgentrad3r
20 Nov 14 19:34:13
Watch list for 11/21/2014 - $ACHN $BABA $CYBR $FEYE $JRJC $LOCO $YRCW http://t.co/8tBvj2ZNbb
Maleah
20 Nov 14 19:26:06
http://t.co/K0pEEt9my3 <-- Last Year this millionaire trader made $163,000 during Thanksgiving week! $CSIQ $ACHN $XONE $LULU
Dave
20 Nov 14 16:59:48
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $BSBR $VPCO $TLM $ABEV $ACHN
G. Thomas Lackey Jr
20 Nov 14 16:25:06
The Nitrous Scan 11/20/2014 http://t.co/2jgweA8mgB $SOXX $XLB $RTM $IHE $FIVE $GERN $PLCE $ACHN $JE $HTLD $SNDK $CODE $CR $IGT $F $BA
Investbioer
20 Nov 14 15:28:15
$achn Dec. 20 that 's the day.
				
				
By  +Follow June 11, 2014 8:05AM
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