Somewhat Positive News Coverage Somewhat Unlikely to Affect MannKind (MNKD) Share Price
News headlines about MannKind (NASDAQ:MNKD) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MannKind earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 44.3703297497892 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- MannKind (MNKD) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- MannKind Corporation (MNKD) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- MannKind Corporation (MNKD) Stock: The Beneficiary Of A Big Bet! (cnafinance.com)
- Implied Volatility Surging for MannKind (MNKD) Stock Options (finance.yahoo.com)
- ETFs with exposure to MannKind Corp. : November 27, 2017 (finance.yahoo.com)
MannKind (NASDAQ:MNKD) opened at $3.13 on Monday. MannKind has a fifty-two week low of $0.67 and a fifty-two week high of $6.96. The company has a debt-to-equity ratio of -0.43, a quick ratio of 0.28 and a current ratio of 0.31.
MNKD has been the subject of a number of research reports. Zacks Investment Research cut MannKind from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Maxim Group reiterated a “buy” rating on shares of MannKind in a report on Friday, September 1st. HC Wainwright initiated coverage on MannKind in a report on Tuesday, October 10th. They issued a “buy” rating for the company. ValuEngine cut MannKind from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, BidaskClub cut MannKind from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $0.92.
In related news, Director Kent Kresa bought 166,600 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was bought at an average cost of $6.00 per share, for a total transaction of $999,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
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MannKind Company Profile
MannKind Corporation is a biopharmaceutical company. The Company is focused on the discovery and development of therapeutic products for diseases, such as diabetes. Its product candidate is AFREZZA, which is an inhaled insulin used to control high blood sugar in adults with type I and type II diabetes and helps in glycemic control.
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