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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
Steve Feffer
23 May 15 21:03:44
RT @trash757: $atrs, $oclr, $mpo, $sd, $sprt, $cvo, $gale, $vmem, $navb, $balt, $mhr, $bcli, $bxe, $acrx, $idra, $drrx, $cprx, $xoma, $ohrp…
trash757
23 May 15 21:01:46
$atrs, $oclr, $mpo, $sd, $sprt, $cvo, $gale, $vmem, $navb, $balt, $mhr, $bcli, $bxe, $acrx, $idra, $drrx, $cprx, $xoma, $ohrp, $apri
Stock Dawgzz
23 May 15 19:49:25
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $QCOR $FCEL $IDRA
Stock Rocket
23 May 15 13:04:38
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbtrUQ $QCOR $FCEL $IDRA
Penny Stockington
23 May 15 11:55:09
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $QCOR $FCEL $IDRA
Stockaholics
23 May 15 11:53:00
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $QCOR $FCEL $IDRA
StockenheimerSchmidt
23 May 15 11:46:01
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $QCOR $FCEL $IDRA
Stock Dawgzz
23 May 15 10:31:54
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $QCOR $FCEL $IDRA
Stock Rocket
23 May 15 10:01:39
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $QCOR $FCEL $IDRA
Penny Stockington
23 May 15 08:47:19
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $QCOR $FCEL $IDRA
Stockaholics
23 May 15 08:46:47
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $QCOR $FCEL $IDRA
StockenheimerSchmidt
23 May 15 08:44:30
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3Eq6QC $QCOR $FCEL $IDRA
Leo Kolivakis
23 May 15 07:50:16
My long weekend comment going over top funds' activity in Q1 2015: http://t.co/PLAkJ0q6Ec $AAPL $NFLX $CHK $CVI $RIG $IDRA $BIIB $BABA
IH News Desk
23 May 15 04:44:09
RIGL Rigel Pharmaceuticals Inc. Short Sales http://t.co/es0mGcx8w0 $RIGL $IDRA $YOKU $WMIH #RIGL #nasdaq #stock
nasdaqfan
23 May 15 04:39:04
IDRA Idera Pharmaceuticals, Inc. 52Wk Low http://t.co/gqNhKz3OxM $IDRA $CPRX $TCK/B.TO $FV #IDRA #stockmarket #finance
nicholas
23 May 15 04:34:57
Emylers: AA Alcoa, Inc. News http://t.co/9qtNjxdUjX $AA $IDRA $XLU $MSO #AA #finance #share read more http://t.co/Z2kvWG3C1I
Emylers
23 May 15 04:30:38
AA Alcoa, Inc. News http://t.co/FXppq2pHGo $AA $IDRA $XLU $MSO #AA #finance #share
jim50
22 May 15 21:50:10
XLE Energy Select Sector SPDR Yield http://t.co/vVjjnBTI0M $XLE $SCTY $IDRA $FV #XLE #stockmarket #stocks
Lucky Jimmy
22 May 15 21:47:56
UAL United Continental Holdings Inc. Yield http://t.co/6EjayrLm9l $UAL $UUP $HOTR $IDRA #UAL #invest #finance
jim50
22 May 15 21:47:55
TZA Direxion Daily Small Cap Bear 3x Shares Short Sales http://t.co/MzNL4nSsVJ $TZA $BIIB $NKE $IDRA #TZA #share #stock
Investors Hangout
22 May 15 21:47:10
TJX TJX Cos., Inc. Day High http://t.co/nStfXsEpXR $TJX $IDRA $PSEC $AGEN #TJX #stockmarket #stocks
DennyT
22 May 15 21:46:04
SRPT Sarepta Therapeutics, Inc. Bid http://t.co/glOjYGze9P $SRPT $ITB $C $IDRA #SRPT #stocks #share
Emylers
22 May 15 21:41:38
IDRA Idera Pharmaceuticals, Inc. Change http://t.co/Vz7R9vwWfz $IDRA $TJX $EEM $LVGI #IDRA #nasdaq #share
leahanne
22 May 15 21:41:36
IDRA Idera Pharmaceuticals, Inc. Stock Message Board http://t.co/sq8RHoFHUY $IDRA $AAPL $GE $PG #IDRA #nasdaq #stock
IH News Desk
22 May 15 21:41:34
IDRA Idera Pharmaceuticals, Inc. Stock Forum http://t.co/PDN569hteV $IDRA $SLV $GDXJ $FXY #IDRA #nasdaq #investing
IH News Desk
22 May 15 21:41:33
IDRA Idera Pharmaceuticals, Inc. Stock Forum http://t.co/xm8cHAGkoh $IDRA $SLV $GDXJ $FXY #IDRA #nasdaq #investing
Stock Forums
22 May 15 21:39:37
GILD Gilead Sciences, Inc. P/E Ratio http://t.co/OEJ8i3ocDb $GILD $RY.TO $EGRX $IDRA #GILD #tradeideas #share
lookn4wins
22 May 15 21:35:06
CUDA Barracuda Networks Inc. Message Board Posts http://t.co/G1uvUj8yHG $CUDA $EWA $CTL $IDRA #CUDA #stocks #finance
Techno Analyst
22 May 15 19:20:45
Ok if you want to BANK next keep an eye on $IDRA $SYN $STEM $SSH $EXK -- YOU REMEMBER $RVLT $REN $SVM MNKD
Penny Stockington
22 May 15 18:36:40
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVU6RRw $QCOR $FCEL $IDRA
Stock Dawgzz
22 May 15 17:21:37
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfPSxdM $QCOR $FCEL $IDRA
StockenheimerSchmidt
22 May 15 17:09:49
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $QCOR $FCEL $IDRA
Stock Rocket
22 May 15 17:04:18
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Stockaholics
22 May 15 17:02:31
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfZvCq $QCOR $FCEL $IDRA
Penny Stockington
22 May 15 16:54:52
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $QCOR $FCEL $IDRA
Syed Waqas Nabi
22 May 15 14:00:51
A bullish Big MAC (Bullish) has occurred at 4:00 PM May 22 at $3.13 on Idera Pharmaceuticals Inc (IDRA) $IDRA
Techno Analyst
22 May 15 12:29:29
$IDRA UP 3.41% LOOKING GOOD!!!
Bio
22 May 15 12:25:18
@tunacan406 it's grinding up but $idra is a biotech company without cmo. Get on it baker!!!
Techno Analyst
22 May 15 12:24:29
$IDRA UP 3.58% NOW AND MOVING!!! GREEN GREEN GREEN!!!
Techno Analyst
22 May 15 12:23:14
$IDRA LOOKING SOLID UP 2.96% AND MOVING!!! GREEN GREEN GREEN!!!
Techno Analyst
22 May 15 12:10:27
$IDRA NICE REVERSAL ABOUT AN HOUR AGO...MOVING UP NOW!!!
Media Sentiment
22 May 15 11:41:13
$IDRA received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 335
Techno Analyst
22 May 15 11:41:07
$IDRA moving back up now!!! LETS RALLY POWER HOUR!!!
Media Sentiment
22 May 15 11:16:44
$IDRA received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 320
Techno Analyst
22 May 15 11:14:31
$IDRA has a price target of $7 and set on watch by analyst to outperform the market...lets go!!!
Techno Analyst
22 May 15 10:52:13
$IDRA chart tells the story and we know this is a good stock...nice pullback now ready to go!!!
US_proptrader
22 May 15 10:24:29
$BKE $EHIC $ERN $ESPR $HILL $HZNP $IDRA $LPI $SRPT autocharts @ http://t.co/cLiki3R0GR
Stockaholics
22 May 15 09:32:53
$DRNK Gained 600% In 11 Trading Days! Huge Update On This Monster: http://t.co/DsO93qtlQR $QCOR $FCEL $IDRA
US_proptrader
22 May 15 09:18:28
$EYES $HOTR $IDRA $LEJU $MHR $MOMO $NHTC $PBMD $SPWR autocharts @ http://t.co/cLiki3R0GR
StockenheimerSchmidt
22 May 15 09:07:54
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $QCOR $FCEL $IDRA
				
				
By  +Follow March 27, 2014 6:24AM
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