Kite Pharma's Shares Soared Today Thanks to Its Revolutionary Blood Cancer Drug

04 March, 2017, 01:00 | Author: Joy Garcia
  • Perrigo was one of several medical-related stocks that tanked in Tuesday trades

Therefore, if Kite Pharma, Inc. meet or beat analysts' forecasts of earnings, its earnings per share would see an increase of about 82.22%. The shares were sold at an average price of $50.56, for a total value of $505,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Moody Aldrich Partners LLC now owns 15,425 shares of the biopharmaceutical company's stock valued at $862,000 after buying an additional 1,550 shares during the last quarter.

Shares of Kite Pharma (NASDAQ:KITE) traded down 2.071% during midday trading on Thursday, hitting $73.545. The shares were sold at an average price of $50.86, for a total value of $36,415.76.

02/01/2017 - Wedbush began new coverage on Kite Pharma, Inc. giving the company a " rating. Nationwide Fund Advisors now owns 48,280 shares of the biopharmaceutical company's stock valued at $2,697,000 after buying an additional 11,180 shares during the last quarter. In order to determine directional movement, the 50-day and 200-day moving averages for Kite Pharma, Inc.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Mr. Roy Doumani is one of the biggest insider owners in Kite Pharma, Inc. (NASDAQ:KITE) was up +12.51% during the last trading session, with a day high of 80.82. The biopharmaceutical company reported ($1.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.63) by $0.14. Return on Equity (ROE) stands at -39.3% and Return on Investment (ROI) of -16.8 percent. For the next quarter the company has anticipated average revenues of $9.13M, according to the sentiments of 14 analysts. While in the same Quarter Previous year, the Actual EPS was $-0.85. The company's revenue was up 43.1% on a year-over-year basis.

Analysts are also projecting an Average Revenue Estimate for Kite Pharma, Inc.as $5.6 Million in the Current Quarter.

"Kite Pharma Inc (KITE) SVP Jeffrey Wiezorek Sells 18,000 Shares" was first posted by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was stolen and republished in violation of United States & worldwide trademark and copyright legislation.

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3/3/2017-Stifel Nicolaus was Downgraded by analysts at Stifel Nicolaus from a "Buy " rating to a " Hold" rating.

Several large investors have recently added to or reduced their stakes in KITE.

In related news, Chairman Arie Belldegrun sold 3,493 shares of the stock in a transaction on Tuesday, December 20th. Following the completion of the sale, the chairman now directly owns 24,707 shares in the company, valued at approximately $1,256,598.02. Victory Capital Management Inc. bought a new position in shares of Kite Pharma during the third quarter worth about $25,579,000. Howard Hughes Medical Institute now owns 3,700 shares of the biopharmaceutical company's stock valued at $207,000 after buying an additional 269 shares during the period.

10/06/2016 - Kite Pharma, Inc. had its "neutral" rating reiterated by analysts at BTIG Research. The median one-year price target of 13 analysts covering the company is $74.00, which suggests the stock could still rise over -8 percent.

After a look at recent stock performance, Kite Pharma, Inc.

Having a price of $75.29, Kite Pharma Inc (NASDAQ:KITE) traded -5.68% lower on the day. Citigroup Inc. now has $87.00 target price on the biopharmaceutical company's stock, up from their prior target price of $62.00.

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