Compugen (CGEN) Trading Down 11.6%
Compugen Ltd. (NASDAQ:CGEN) was down 11.6% during mid-day trading on Monday . The stock traded as low as $3.40 and last traded at $3.51. Approximately 521,613 shares were traded during mid-day trading, an increase of 199% from the average daily volume of 174,204 shares. The stock had previously closed at $3.97.
Several equities research analysts have recently issued reports on CGEN shares. ValuEngine lowered shares of Compugen from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. Zacks Investment Research raised shares of Compugen from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective for the company in a research report on Thursday, January 3rd. Finally, Oppenheimer set a $9.00 price objective on shares of Compugen and gave the stock a “buy” rating in a research report on Tuesday, February 26th.
The stock has a market capitalization of $208.76 million, a PE ratio of -8.56 and a beta of 2.55.
Several institutional investors have recently added to or reduced their stakes in CGEN. RBF Capital LLC acquired a new stake in Compugen during the 4th quarter valued at $30,000. Cornerstone Investment Partners LLC acquired a new stake in Compugen during the 4th quarter valued at $38,000. Millennium Management LLC acquired a new stake in Compugen during the 4th quarter valued at $60,000. Aviance Capital Management LLC grew its holdings in Compugen by 43.8% during the 4th quarter. Aviance Capital Management LLC now owns 56,515 shares of the biotechnology company’s stock valued at $123,000 after purchasing an additional 17,206 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Compugen during the 3rd quarter valued at $128,000. 22.87% of the stock is owned by institutional investors.
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About Compugen (NASDAQ:CGEN)
Compugen Ltd., a therapeutic discovery company, engages in the research, development, and commercialization of therapeutic and product candidates in Israel and Europe. The company's therapeutic pipeline consists of immuno-oncology programs against novel drug targets in the areas of unmet medical needs in various cancer types and patient populations.
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