Loxo Oncology (LOXO) Stock Price Up 0%
Shares of Loxo Oncology Inc (NASDAQ:LOXO) rose 0% during mid-day trading on Wednesday . The stock traded as high as $102.78 and last traded at $100.92. Approximately 957,300 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 333,587 shares. The stock had previously closed at $100.92.
LOXO has been the topic of several research reports. Citigroup lowered their price target on shares of Loxo Oncology from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. BidaskClub raised shares of Loxo Oncology from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Loxo Oncology from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. William Blair began coverage on shares of Loxo Oncology in a report on Tuesday, November 28th. They set an “outperform” rating on the stock. Finally, JMP Securities raised shares of Loxo Oncology from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.18 to $95.00 in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $97.33.
The company has a market capitalization of $2,812.33, a price-to-earnings ratio of -17.31 and a beta of 2.57.
A number of hedge funds have recently added to or reduced their stakes in LOXO. QS Investors LLC purchased a new position in Loxo Oncology in the 4th quarter worth approximately $118,000. Quantbot Technologies LP purchased a new position in Loxo Oncology in the 3rd quarter worth approximately $122,000. Ameritas Investment Partners Inc. grew its stake in Loxo Oncology by 31.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,758 shares of the biopharmaceutical company’s stock worth $141,000 after buying an additional 419 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Loxo Oncology in the 3rd quarter worth approximately $212,000. Finally, Amalgamated Bank purchased a new position in Loxo Oncology in the 3rd quarter worth approximately $268,000.
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Loxo Oncology Company Profile
Loxo Oncology, Inc is a biopharmaceutical company. The Company is focused on development of medicines for patients with genetically defined cancers. The Company’s pipeline focuses on cancers that are dependent on single gene abnormalities, such that a single drug has the potential to treat the cancer with dramatic effect.
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