SunTrust Robinson Humphrey Initiates Coverage on Clovis Oncology Inc to Buy

SunTrust Robinson Humphrey Initiates Coverage on Clovis Oncology Inc(NASDAQ:CLVS). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Aug 5, 2016.

Clovis Oncology Inc (CLVS) shares turned negative on Wednesdays trading session with the shares closing down -0.26 points or -1.49% at a volume of 10,16,679. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.69. The peak price level was also seen at $17.69 while the days lowest was $16.58. Finally the shares closed at $17.2. The 52-week high of the shares is $116.75 while the 52-week low is $11.57. According to the latest information available, the market cap of the company is $662 M.

Clovis Oncology Inc(CLVS) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $-2.17. Analysts had estimated an EPS of $-2.39.

Several Insider Transactions has been reported to the SEC. On Nov 3, 2015, Erle T Mast (Executive VP and CFO) sold 3,000 shares at $104.18 per share price.Also, On Oct 30, 2015, Lindsey Rolfe (officer ) sold 4,000 shares at $97.80 per share price.On Oct 16, 2015, Gillian C Ivers-read (officer ) sold 3,000 shares at $91.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Clovis Oncology Inc. (Clovis) is a biopharmaceutical company focused on acquiring developing and commercializing anti-cancer agents in the United States Europe and additional international markets. The Company is developing three product candidates: Rociletinib Rucaparib and Lucitanib. Rociletinib an oral epidermal growth factor receptor (EGFR) is a mutant-selective covalent inhibitor that is in advanced clinical development for the treatment of non-small cell lung cancer. Rucaparib an oral inhibitor of poly (ADP-ribose) polymerase (PARP) is in advanced clinical development for the treatment of ovarian cancer. Lucitanib is an oral potent inhibitor of the tyrosine kinase activity of fibroblast growth factor receptors 1-3 (FGFR1-3) vascular endothelial growth factor receptors 1-3 (VEGFR1-3) and platelet-derived growth factor receptors alpha and beta (PDGFR a/B) that is in Phase II development for the treatment of breast and lung cancers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Clovis Oncology Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Clovis Oncology Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.