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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
Nara
3 Sep 15 22:51:10
'JBEM' pick - free membership - join here: https://t.co/wZhLK4QXda $ECTE $ANTM $ROSG $CCM $IDRA $NTRA $LBMH $AERI
Nara
3 Sep 15 22:44:18
'JBEM' pick - free membership - join here: https://t.co/wZhLK4QXda $ECTE $ANTM $ROSG $CCM $IDRA $NTRA $LBMH $AERI
Nara
3 Sep 15 21:08:38
$ECTE $ANTM $ROSG $CCM $IDRA $NTRA $LBMH $AERI 'JBEM' picks. Free membership. No P
Lauren Gibbs
3 Sep 15 20:18:09
RT @FangerJaclyn: Voted top trading group. http://t.co/etk41Z4DZC Related: $SID $THNS $PGH $PSID $RSHCQ $IDRA $GPL
Nara
3 Sep 15 18:29:03
$MBVX $TXMD $BIOS $IDRA Nice close today for GNSZ. Next week Conf.Find details here: https://t.co/gv9He7HRvh
Wall Street
3 Sep 15 17:13:10
http://t.co/J58EN2ZaNJ IN PLAY: $MITL $LOCK $HK $HOV $FARE $FNMA $GTHP $IDRA $AXXE $BBVA $NG $EXMT $CENX $HCBK http://t.co/KBab5k1E2F
Nara
3 Sep 15 16:01:14
$MBVX $TXMD $BIOS $IDRA Nice close today for GNSZ. Next week conf.Find details here: https://t.co/gv9He7HRvh
Daily Contracts
3 Sep 15 14:20:05
Real-Time feed of company contracts, original agreements and executive updates from $IDRA http://t.co/eSs9DV89f0
Ricky Mourke
3 Sep 15 12:13:12
$IDRA People want this stock.... I want this stock.
Nara
3 Sep 15 09:09:34
$ECTE $ANTM $ROSG $CCM $IDRA $NTRA $LBMH $AERI 'JBEM' picks. Free membership. No Pump Dump. Extensive DD https://t.co/wZhLK4QXda
rosia barzey
3 Sep 15 09:00:17
RT @Bizquick: $IDRA YUP HUGE MOVE OFF THE BOTTOM!!! #BIOTECH #STOCKS
Britney Salvato
3 Sep 15 08:45:17
RT @SheffStation: $IDRA..$3.00 break love it! Solid move here.
stockschamp
3 Sep 15 08:43:26
Yesterday We Made $94,000 In Just One Trade More Info Here http://t.co/8WvnrVmkBS .. $QCOR $FCEL $IDRA
Nara
3 Sep 15 07:55:08
$EPRS $IART $TXMD $VNDA $IDRA $MEIP JBEM's new pick is GNSZ.Upcoming catalyst.Details here: https://t.co/gv9He7HRvh
Showtime
3 Sep 15 07:35:58
Anybody watching $IDRA..
Showtime
3 Sep 15 06:44:57
$IDRA breaking 3.00
Showtime
3 Sep 15 06:32:21
$IDRA
Gary Holt
3 Sep 15 06:27:46
Been hectic lately. Not sure which trades I have posted. Currently holding $ATNM, $IDRA, and $OXGN. Considering reentering $RPRX
Janie Tracey
3 Sep 15 06:09:18
RT @SmCapStrategist: Most searched small-cap stocks, Mon Aug 31st - $IDRA $MPO $NAT $CUR $ACI - More: http://t.co/1znvSOIJVT - #smallcap
StockenheimerSchmidt
3 Sep 15 04:13:05
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $QCOR $FCEL $IDRA
Stockaholics
3 Sep 15 04:11:26
After Nearly 500% Gains In 2 Months On Stock Alerts, We Have A New Pick Ready! Check It Out: http://t.co/IXntHzty4u $QCOR $FCEL $IDRA
Stock Dawgzz
3 Sep 15 04:11:18
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboSgA54 $QCOR $FCEL $IDRA
Penny Stockington
3 Sep 15 04:10:22
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlOSSFL $QCOR $FCEL $IDRA
Ashley Senn
3 Sep 15 04:09:14
VXX iPath S&P 500 VIX Short-Term Futures ETN Filings http://t.co/OwTZR7v53B $VXX $ACHC $IDRA $FXA #VXX #investing #invest
Britney Salvato
3 Sep 15 04:09:03
VXX iPath S&P 500 VIX Short-Term Futures ETN Filings http://t.co/FIcTgxB3w3 $VXX $ACHC $IDRA $FXA #VXX #investing #invest
Michael James
2 Sep 15 23:00:46
Our Penny Stock Alert On $GEQU Is Up 614.29% For Our Subscribers! Check Out Our New Pick: http://t.co/7IiluPoPtS $QCOR $FCEL $IDRA
Michael Cook
2 Sep 15 22:59:43
Our Penny Stock Picks Gained Over 3,000% In The Past Year! New Pick Just Released Tonight: http://t.co/eJEU1FPC3X $QCOR $FCEL $IDRA
Paul Henry
2 Sep 15 22:58:52
Over 600% Gains For Subscribers In 2 Months! Sign Up To Platinum To Get Our Picks Early: http://t.co/m7w5IRXEIs $QCOR $FCEL $IDRA
Alma Dowman
2 Sep 15 20:18:04
RT @DennyT14: OSIR Osiris Therapeutics Inc. Shares http://t.co/JvhD5jOxgm $OSIR $IDRA $BB.TO $WMT #OSIR #finance #pennystocks
Paul Henry
2 Sep 15 18:09:37
578.57% Gains For Subscribers & We Have A MASSIVE NEw Penny Stock Pick Coming Today! HUGE Update: http://t.co/cRkTWir0kI $QCOR $FCEL $IDRA
Michael James
2 Sep 15 18:07:50
Over 600% Gains In 2 Months And A New Pick Is Being Released Today! This Is A Big One: http://t.co/7IMRlXsxfK $QCOR $FCEL $IDRA
Prospering
2 Sep 15 17:35:39
$IDRA great close at $2.90. The tape at the end of the day over the last week is telling. Stock very much in an uptrend IMO.
US_proptrader
2 Sep 15 12:37:17
$ACI $AKS $IDRA $NFLX $OAS $PE $PGNX $RJET $SRPT autocharts @ http://t.co/f6cpQoVS67
Nara
2 Sep 15 08:24:54
$IVC $GBIM $ADXS $XBIT $HIIQ $IDRA JBEM Glioblastoma Data Trade. Read full DD here: https://t.co/gv9He7HRvh
StockenheimerSchmidt
2 Sep 15 07:05:18
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $QCOR $FCEL $IDRA
Stock Dawgzz
2 Sep 15 07:04:15
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboSgA54 $QCOR $FCEL $IDRA
Stockaholics
2 Sep 15 07:04:09
After Nearly 500% Gains In 2 Months On Stock Alerts, We Have A New Pick Ready! Check It Out: http://t.co/IXntHzty4u $QCOR $FCEL $IDRA
Penny Stockington
2 Sep 15 07:03:27
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlOSSFL $QCOR $FCEL $IDRA
Breaking News
2 Sep 15 06:16:03
$DYAX $INCY $IDRA: Biotech Stocks with Pessimistic Trend: Dyax Corp. (NASDAQ:DYAX …: http://t.co/298XRa0rEA
ProVesting
2 Sep 15 03:07:04
$DLTR $IDRA $BBRY $HNT: Trending Stocks: Dollar Tree, Inc. (NASDAQ:DLTR), Idera …: http://t.co/i1G4rPQdRu
Sleek Money
2 Sep 15 01:36:23
Idera Pharmaceuticals Shares Down 7.9% $IDRA http://t.co/vPYdOiX2da
angelena koelsch
1 Sep 15 14:00:12
Bought $IDRA at $2.65, sold at $3.13. Today is a good day.
Althea Conors
1 Sep 15 13:27:03
RT @tymorapro: $IDRA: 3mRunaway+:1 [+6%,3.2%offHi], allTFs+; TLM:1.0, oPop+[+3.8%], 1WkHi+, DyVol:743T:0.9x:0.3x, DyRng:9.7%:1.9x:1.6x (Pot…
Gale Stelzer II
1 Sep 15 12:39:39
$IDRA Back to the 2.20's area You should have bought $PBMD when I did :)
Wall Street
1 Sep 15 09:24:35
http://t.co/J58EN2Hzp9 IN PLAY: $MITL $LOCK $HK $HOV $FARE $FNMA $GTHP $IDRA $AXXE $BBVA $NG $EXMT $CENX $HCBK http://t.co/IpdqCqkyDC
brian sweetheart
1 Sep 15 09:17:11
Voted top trading group. http://t.co/5eVXN8RJLp Related: $SID $THNS $PGH $PSID $RSHCQ $IDRA $GPL
Investors Hangout
1 Sep 15 09:16:42
clayton: IDRA 2.92 Idera Pharmaceuticals $IDRA added to my http://t.co/1xjul5ftb3
Investors Hangout
1 Sep 15 09:16:34
clayton: IDRA 2.92 Idera Pharmaceuticals $IDRA added to my http://t.co/1EjMgoemk0
Wall Street
1 Sep 15 09:15:25
http://t.co/J58EN2Hzp9 IN PLAY: $MITL $LOCK $HK $HOV $FARE $FNMA $GTHP $IDRA $AXXE $BBVA $NG $EXMT $CENX $HCBK http://t.co/rijkImlTwr
clayton
1 Sep 15 09:06:35
IDRA 2.92 Idera Pharmaceuticals $IDRA added to my watch list. Right now with IDRA I am watching the last price http://t.co/smzWq0gpfl
				
				
By  +Follow March 27, 2014 6:24AM
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