Corbus Pharmaceuticals Holdings Inc (CRBP) Stock Price Up 7.8% on Insider Buying Activity

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP)’s share price traded up 7.8% during mid-day trading on Monday following insider buying activity. The company traded as high as $10.50 and last traded at $10.35, with a volume of 2,722,149 shares. The stock had previously closed at $9.60.

Specifically, insider Barbara White acquired 4,233 shares of Corbus Pharmaceuticals Holdings stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $9.49 per share, with a total value of $40,171.17. Following the completion of the transaction, the insider now directly owns 166,300 shares of the company’s stock, valued at $1,578,187. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.60% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Corbus Pharmaceuticals Holdings in a research report on Wednesday, February 22nd. Aegis reaffirmed a “buy” rating and set a $12.00 price objective on shares of Corbus Pharmaceuticals Holdings in a research report on Wednesday, November 30th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Corbus Pharmaceuticals Holdings in a research report on Sunday, March 12th.

The stock’s market capitalization is $504.06 million. The firm has a 50-day moving average of $8.19 and a 200-day moving average of $7.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Milestone Group Inc. bought a new position in shares of Corbus Pharmaceuticals Holdings during the third quarter valued at about $102,000. Bainco International Investors bought a new position in shares of Corbus Pharmaceuticals Holdings during the third quarter valued at about $136,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Corbus Pharmaceuticals Holdings by 6.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 382,761 shares of the biopharmaceutical company’s stock valued at $3,234,000 after buying an additional 23,000 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Corbus Pharmaceuticals Holdings during the fourth quarter valued at about $201,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of Corbus Pharmaceuticals Holdings during the third quarter valued at about $508,000. 25.91% of the stock is owned by institutional investors and hedge funds.

Your IP Address:

Corbus Pharmaceuticals Holdings Company Profile

Corbus Pharmaceuticals Holdings, Inc is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat rare or uncommon chronic and serious inflammatory and fibrotic diseases. The Company’s segment is developing and commercializing therapeutics to treat rare life-threatening inflammatory fibrotic diseases.

5 Day Chart for NASDAQ:CRBP

Receive News & Ratings for Corbus Pharmaceuticals Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corbus Pharmaceuticals Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.