Orlando, FL -- (SBWIRE) -- 10/10/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), MannKind Corporation (NASDAQ:MNKD).
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares declined 14.76% to $19.86. ACAD’s CMO Roger Mills sold 35,965 shares of ACADIA Pharmaceuticals stock on the open market in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $25.01, for a total value of $899,484.65. Following the sale, the chief marketing officer now directly owns 15,775 shares in the company, valued at approximately $394,533. The sale was disclosed in a legal filing with the SEC.
Additionally, Equities research analysts at Ned Davis Research started coverage on shares of ACADIA in a research note issued to investors on Oct. 8. The firm set a “neutral” rating on the stock.
Are investors worried about the recent updates with ACAD? Find out with a free trend analysis HERE
MannKind Corporation (NASDAQ:MNKD) shares gained 1.28% to $4.74. In trading on Oct. 8, shares of MannKind Corp crossed below their 200 day moving average of $4.87, changing hands as low as $4.77 per share.
Additionally, BofA/Merrill downgraded MannKind to Underperform from Neutral on Sept. 6. The firm's physician survey indicates indicates an increased cautious stance following Afrezza Ph. III results for use in Type 2 diabetes patients on oral therapies. The firm lowered its peak share estimate to 2% of the oral market vs. 4% previously. Price target lowered to $5 from $8.
Is MNKD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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