News articles about Array BioPharma (NASDAQ:ARRY) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Array BioPharma earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the biopharmaceutical company an impact score of 44.4058972961826 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Investors are Unsure How to React (Brief Analysis): Array BioPharma Inc (NASDAQ: ARRY) – Alpha Beta Stock (alphabetastock.com)
- ARRY INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class Action … – Business Wire (press release) (businesswire.com)
- Array BioPharma Announces Redemption of All Remaining 3.00% Convertible Senior Notes Due 2020 (prnewswire.com)
- ARRY INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class Action Involving Array Biopharma Inc. and a Lead Plaintiff Deadline of January 22, 2018 (finance.yahoo.com)
- Array BioPharma Inc. (ARRY) Expected to Announce Earnings of -$0.23 Per Share (americanbankingnews.com)
Array BioPharma (NASDAQ ARRY) remained flat at $$10.78 during trading hours on Tuesday. The company’s stock had a trading volume of 4,313,061 shares, compared to its average volume of 3,857,092. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.43 and a current ratio of 5.43. Array BioPharma has a 52-week low of $6.73 and a 52-week high of $13.40.
A number of research firms have commented on ARRY. BidaskClub cut Array BioPharma from a “hold” rating to a “sell” rating in a research note on Saturday. SunTrust Banks restated a “buy” rating and set a $16.00 price target on shares of Array BioPharma in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating on shares of Array BioPharma in a research note on Wednesday, November 1st. Cantor Fitzgerald set a $15.00 price target on Array BioPharma and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $18.00 price target (up from $14.00) on shares of Array BioPharma in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $13.65.
In other news, Director Kyle Lefkoff sold 38,865 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $12.31, for a total value of $478,428.15. Following the sale, the director now directly owns 51,585 shares in the company, valued at $635,011.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.18% of the stock is currently owned by company insiders.
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About Array BioPharma
Array BioPharma Inc is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer. The Company’s programs include approximately three cancer drugs, binimetinib, encorafenib and selumetinib (partnered with AstraZeneca, PLC).
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