Akcea Therapeutics Inc (NASDAQ:AKCA) was the recipient of some unusual options trading on Monday. Stock traders bought 506 call options on the stock. This represents an increase of 644% compared to the average daily volume of 68 call options.
A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Akcea Therapeutics by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 204,540 shares of the company’s stock worth $3,550,000 after acquiring an additional 3,147 shares during the last quarter. Legal & General Group Plc acquired a new stake in Akcea Therapeutics during the third quarter worth about $111,000. Ardsley Advisory Partners increased its stake in Akcea Therapeutics by 50.0% during the fourth quarter. Ardsley Advisory Partners now owns 15,000 shares of the company’s stock worth $260,000 after acquiring an additional 5,000 shares during the last quarter. Deutsche Bank AG increased its stake in Akcea Therapeutics by 17.4% during the fourth quarter. Deutsche Bank AG now owns 34,624 shares of the company’s stock worth $600,000 after acquiring an additional 5,134 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Akcea Therapeutics during the third quarter worth about $180,000. Institutional investors own 29.14% of the company’s stock.
Shares of AKCA stock opened at $32.04 on Wednesday. Akcea Therapeutics has a 12 month low of $8.10 and a 12 month high of $32.95.
TRADEMARK VIOLATION WARNING: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.com-unik.info/2018/03/21/akcea-therapeutics-target-of-unusually-high-options-trading-akca.html.
Akcea Therapeutics Company Profile
Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).
Receive News & Ratings for Akcea Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akcea Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.