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Idera Pharmaceuticals (IDRA) Continues to Fall

By  +Follow March 27, 2014 6:24AM
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Shares in small-cap pharmaceutical stock Idera Pharmaceuticals (IDRA) continued their heavy losing streak on Thursday, down over 7.75 percent for losses in excess of 40 percent since March 18. The biggest chunk of that sell-off was motivated by news that Summer Street analysts weren’t impressed by Idera’s lead therapy, but losses have continued to mount since that information hit the markets on Monday.

Idera’s stock opened at $4.15 a share, off just under 1 percent from Wednesday’s close. However, the day proved a rocky one, as shares quickly plunged under $3.80, bounced, and then recovered to over the opening price, all in the first hour of trading. However, shares moved south again immediately after the recovery and stayed there, reaching a low of $3.67 for a loss of almost 12.5 percent. Moving into the last hour of trading, the stock had recovered to about $3.85 a share. Volume was heavy, with over 5.3 million shares moving by 3 pm ET against a daily average of just over 3.5 million shares.

The stock appears to have remained in a freefall ever since crossing its 20-day SMA, 50-day SMA, and support level all in the same disastrous day of trading, despite the lack of news about the company or IMO-8400, the treatment for lymphoma and autoimmune diseases that Summer Street knocked on Monday.

However, while the markets appear to be battering Idera, some circles are clearly seeing a buying opportunity. A note from Piper Jaffray research analysts Edward Tentoff and David Lebowitz entitled “Whoa Big Fella – IDRA Sell Off Seems Overblown in Our View” reiterated a price target of $7 and an “overweight” rating.

“Shares of IDRA are down 45% from their YTD high and have even broken recent deal price of $4.00 back in February,” said the note. “This sell off seems over blown in our view heading into Phase II IMO-8400 psoriasis data by the end of next week. We look for the study to expand the safety data with an additional 32 patients and demonstrate on target TLR 7,8&9 activity, validating the mechanism of action for Waldenstrom and MyD88- mutant Diffuse Large B-Cell Lymphoma (DLBCL).”

The note continued to emphasize that the market values of IMO-8400 and potential psoriasis treatment IMO-9200 could be more than a combined $770 million and emphasized that, based on the company’s fundamentals, its current cash position gives it time to develop its new therapies.

“We estimate Idera holds pro forma cash of $73 million, which is sufficient to fund operations into 2016,” the note reads.

 

 

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Results for IDRA
Stock Rocket
1 Apr 15 01:57:58
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxklfe $QCOR $FCEL $IDRA
Stockaholics
1 Apr 15 01:57:47
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKAZTauW $QCOR $FCEL $IDRA
Beverage Consulting
1 Apr 15 00:30:38
RT @rosnerstocks: $AMZN Opinions Updated Thursday, March 12, 2015 7:59:21 PM $IDRA $KMI $SAM $SLW http://t.co/3dBWvTNRYF
StockenheimerSchmidt
31 Mar 15 22:48:19
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWr8rK $QCOR $FCEL $IDRA
foolsgold
31 Mar 15 21:53:59
Watching 4/1 $ALSK $ARTX $AXN $CNDO $IDRA $MDM $OCLR $PKD $PLPM $RADA $TGA $TSYS
Prospering
31 Mar 15 19:31:09
RT @EXPstocktrader: Wall Street hasn't digested the news yet. http://t.co/U95lBNIMoK $IDRA
Carolyn Hardy
31 Mar 15 19:16:41
s/t watchlist delivered nice gains this week! $IDRA +.14, $MTSN +.09, $SGYP +.30 and $UNIS +.22. http://t.co/AbczyiAhro @StockTradeIdeas
Lusitanian Traders
31 Mar 15 18:19:13
IDRA - Pivots (support and resistance - intraday) $IDRA http://t.co/amZqmBLlyI
Prospering
31 Mar 15 18:17:47
RT @EXPstocktrader: $IDRA has received an orphan drug status for its treatment of diffuse large B-cell lymphoma, according to the U.S. Food…
Garage Traders
31 Mar 15 17:10:38
RT @deafdaytrader: $IDRA nice and might run more
deafdaytrader
31 Mar 15 16:53:02
$IDRA nice and might run more
John D. Plumitis
31 Mar 15 16:40:05
RT @EXPstocktrader: Wall Street hasn't digested the news yet. http://t.co/U95lBNIMoK $IDRA
MAISA
31 Mar 15 16:04:29
$IDRA Gets FDA Orphan Drug Status For Diffuse Large B-Cell Lymphoma Treatment
Stockaholics
31 Mar 15 13:38:09
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKB0aLmu $QCOR $FCEL $IDRA
Carolyn Hardy
31 Mar 15 12:44:40
$SGYP and $IDRA alerted early with lots of profit room! Build your account wealth @StockTradeIdeas http://t.co/AbczyiAhro
StockenheimerSchmidt
31 Mar 15 12:27:41
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $QCOR $FCEL $IDRA
Mark Trader
31 Mar 15 12:22:45
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $MCIG $HERO $PHOT $KWK $ANTH $IDRA
ThePennyCommand.com
31 Mar 15 12:11:42
http://t.co/K2iVTlHFf2 ValueTrader5: $IDRA gets nda fda orphan drug status no: ValueTrader5 http://t.co/KO3DSpL9Lg http://t.co/K2iVTlHFf2
Jabookie
31 Mar 15 12:08:56
Stopped out $IDRA at 3.75 from 3.80
Stock Rocket
31 Mar 15 11:58:16
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxklfe $QCOR $FCEL $IDRA
rist115ch
31 Mar 15 11:57:43
RT @tsullivan70: @EFZimmerman Like the team, history of innovation, large support of Baker Brothers, technology is novel. Much potential I…
Stock Dawgzz
31 Mar 15 11:51:52
Our Penny Stock Picks On $THCZ & $RCGP Gained A Combined 700% so far! Blog Update: http://t.co/g3eVEb0uXG $QCOR $FCEL $IDRA
Penny Stock Secret
31 Mar 15 11:45:54
This Guy Turned $100 Into Over $10,000 In Just 30 Days!!! http://t.co/NovWYeksZ7 .. $QCOR $FCEL $IDRA
Greg David
31 Mar 15 11:36:21
http://t.co/RMvVXns2xX does trade alerts differently than anyone else. Its super cool. $ANAD $IDRA $PGN $OXIS $TNK $BLDP
Mark Trader
31 Mar 15 11:27:09
The last http://t.co/8hGh2pgc5i alert popped over 400%. So sweet and free to sign up. $MCIG $HERO $PHOT $KWK $ANTH $IDRA
US_proptrader
31 Mar 15 11:26:54
$BOX $CLDX $EXXI $FWM $IDRA $INOV $ONDK $UPL $WBAI autocharts @ http://t.co/cLiki48C5r
Lusitanian Traders
31 Mar 15 11:24:41
IDRA - Pivots (support and resistance - intraday) $IDRA http://t.co/ZjYBcNBkjn
Alexander Morris
31 Mar 15 11:24:03
$IDRA: 3mRunaway+:2 [+6%,.8%offHi], tf:0111111; TLM:2.0, DyVol:2.47M:1.8x:0.7x, DyRng:9.8%:2.1x:1.3x (PotLONG); vl:7; rs:+53,
DayTraderChoice
31 Mar 15 11:18:14
ValueTrader5: $PPHM and $IDRA http://t.co/56zwQxrlI1
HotStockAlert $PKGM$
31 Mar 15 11:18:12
ValueTrader5: $PPHM and $IDRA http://t.co/zeSLl0n7vc
Prospering
31 Mar 15 11:10:20
RT @ChartEyez: $IDRA Orphan Drug desig. for B-Cell Lymphoma http://t.co/zYovNkPyT8
Jabookie
31 Mar 15 11:07:22
Jumped back into $IDRA at 3.82 for HOD break. Might make a run to $4 here. Like how it held up after the little pullback.
Vincent
31 Mar 15 11:07:18
$IDRA Orphan Drug desig. for B-Cell Lymphoma http://t.co/zYovNkPyT8
wl_zk
31 Mar 15 11:06:45
$IDRA hod test
Penny Stockington
31 Mar 15 10:59:29
Our Penny Stock Pick On $THCZ Is Up Over 400% So Far! Big News: http://t.co/SlU3u7JlMl $QCOR $FCEL $IDRA
Timothy Sullivan
31 Mar 15 10:56:46
@EFZimmerman Like the team, history of innovation, large support of Baker Brothers, technology is novel. Much potential IMHO. $IDRA
Market Intelligence
31 Mar 15 10:46:39
Wall Street hasn't digested the news yet. http://t.co/U95lBNIMoK $IDRA
Eric Zimmerman
31 Mar 15 10:41:52
@tsullivan70 why so bullish on $IDRA?
TurboResearch
31 Mar 15 10:35:54
$IDRA Closing out at $3.8 for -5% loss. Fell below resistance last week. Will keep an eye on it.
S Manian
31 Mar 15 10:33:12
RT @EXPstocktrader: $IDRA has received an orphan drug status for its treatment of diffuse large B-cell lymphoma, according to the U.S. Food…
Daily Contracts
31 Mar 15 10:33:01
Real-Time feed of company contracts, original agreements and executive updates from $IDRA http://t.co/eSs9DVpKDA
Market Intelligence
31 Mar 15 10:06:02
$IDRA has received an orphan drug status for its treatment of diffuse large B-cell lymphoma, according to the U.S. Food and Drug Admin.
Syed Waqas Nabi
31 Mar 15 10:00:23
A bullish Big MAC (Bullish) has occurred at 11:45 AM Mar 31 at $3.66 on Idera Pharmaceuticals Inc (IDRA) $IDRA
Jabookie
31 Mar 15 09:50:01
Stopped out $IDRA at 3.75 from 3.66.
 Nett
31 Mar 15 09:43:53
Out $IDRA +.13 looks like a possible tumble
Mussocpa.net
31 Mar 15 09:40:19
out the $IDRA I picked up @ $3.29 here at $3.80
JMS
31 Mar 15 09:38:12
$IDRA Gold here http://t.co/tm0bjGE5wp
JMS
31 Mar 15 09:37:16
RT @bhtrade: $IDRA beastmoding
JMS
31 Mar 15 09:37:02
RT @Nettgains: $IDRA push it, push it good
 Nett
31 Mar 15 09:34:54
$IDRA push it, push it good
				
				
By  +Follow March 27, 2014 6:24AM
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