Athenex (NASDAQ:ATNX) Receiving Somewhat Critical Media Coverage, Analysis Finds

Headlines about Athenex (NASDAQ:ATNX) have trended somewhat negative on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Athenex earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.551337455626 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several brokerages have recently weighed in on ATNX. BidaskClub raised Athenex from a “hold” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC initiated coverage on Athenex in a research note on Tuesday, March 6th. They set a “buy” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Athenex from $22.20 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank set a $20.00 price target on Athenex and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $28.17.

Athenex (ATNX) traded up $0.29 during trading hours on Wednesday, reaching $16.75. The company had a trading volume of 487,204 shares, compared to its average volume of 361,636. The stock has a market cap of $1,050.00 and a P/E ratio of -6.07. Athenex has a 12-month low of $11.21 and a 12-month high of $20.79.

In related news, CEO Johnson Yiu Nam Lau bought 20,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $288,000.00. Following the purchase, the chief executive officer now owns 2,767,922 shares of the company’s stock, valued at approximately $39,858,076.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jinn Wu bought 10,000 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average price of $13.64 per share, for a total transaction of $136,400.00. Following the completion of the purchase, the director now directly owns 249,208 shares in the company, valued at approximately $3,399,197.12. The disclosure for this purchase can be found here. Insiders have purchased a total of 60,000 shares of company stock worth $853,700 in the last 90 days.

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About Athenex

Athenex, Inc is an oncology pharmaceutical company focused on the development and commercialization of therapies for cancer diseases and supportive therapies. The Company’s technology platform is organized into three categories, including Oral Absorption Platform, Src Kinase Inhibitors and Symptom Therapeutics.

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