NewLink Genetics Corporation (NLNK) Shares Down 6.5%
NewLink Genetics Corporation (NASDAQ:NLNK) shares fell 6.5% during trading on Tuesday . The company traded as low as $8.45 and last traded at $8.58. 1,506,309 shares traded hands during trading, an increase of 15% from the average session volume of 1,304,436 shares. The stock had previously closed at $9.18.
A number of brokerages have recently commented on NLNK. Stifel Nicolaus increased their price objective on NewLink Genetics Corporation from $14.00 to $29.00 and gave the company a “buy” rating in a report on Monday, September 11th. Cantor Fitzgerald reissued a “buy” rating and set a $26.00 price objective on shares of NewLink Genetics Corporation in a report on Friday, September 8th. ValuEngine lowered NewLink Genetics Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Jefferies Group LLC raised NewLink Genetics Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.00 to $26.00 in a report on Friday, September 8th. Finally, Robert W. Baird raised NewLink Genetics Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $8.00 to $22.00 in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.43.
In other NewLink Genetics Corporation news, major shareholder Stine Seed Farm, Inc. bought 780,487 shares of the stock in a transaction on Friday, October 6th. The shares were purchased at an average price of $10.25 per share, with a total value of $7,999,991.75. Following the acquisition, the insider now directly owns 7,857,732 shares of the company’s stock, valued at approximately $80,541,753. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.70% of the company’s stock.
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NewLink Genetics Corporation Company Profile
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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