Price Action to Note: What’s Propelling Cerecor Inc to Increase So Much?

Price Action to Note: What's Propelling Cerecor Inc to Increase So Much?

The stock of Cerecor Inc (NASDAQ:CERC) is a huge mover today! The stock increased 9.94% or $0.36 on November 7, hitting $3.98. About 102,364 shares traded hands. Cerecor Inc (NASDAQ:CERC) has declined 3.98% since April 5, 2016 and is downtrending. It has underperformed by 5.94% the S&P500.
The move comes after 8 months positive chart setup for the $34.16M company. It was reported on Nov, 7 by Barchart.com. We have $6.09 PT which if reached, will make NASDAQ:CERC worth $18.10M more.

Analysts await Cerecor Inc (NASDAQ:CERC) to report earnings on November, 21. After $-0.41 actual EPS reported by Cerecor Inc for the previous quarter, Wall Street now forecasts 26.83% negative EPS growth.

According to Zacks Investment Research, “Cerecor, Inc. is a biopharmaceutical company which focuses on the development of drugs for the treatment of patients with neurological and psychiatric disorders. The company’s portfolio of clinical and preclinical candidates consists of CERC-301, CERC-501 and CERC-406. CERC-301; adjunctive antidepressant for the treatment of patients with major depressive disorder; CERC-501, for co-occurring psychiatric and substance use disorders and CERC-406, for the treatment of residual cognitive impairment symptoms. Cerecor, Inc. is headquartered in Baltimore, Maryland.”

More notable recent Cerecor Inc (NASDAQ:CERC) news were published by: Businesswire.com which released: “Cerecor Inc. Announces Initiation of Second CERC-501 Phase 2 Clinical Trial in …” on August 29, 2016, also Businesswire.com with their article: “Cerecor Inc. Announces Separation of Units Sold in IPO” published on November 12, 2015, Businesswire.com published: “Cerecor Inc. Appoints Thomas Aasen to Board of Directors” on January 12, 2016. More interesting news about Cerecor Inc (NASDAQ:CERC) were released by: Businesswire.com and their article: “Cerecor Inc. Names Uli Hacksell, Chairman of Cerecor and Former CEO of ACADIA …” published on December 21, 2015 as well as Businesswire.com‘s news article titled: “Cerecor Inc. Reports Second Quarter 2016 Financial Results” with publication date: August 15, 2016.

CERC Company Profile

Cerecor, Inc., incorporated on January 31, 2011, is a clinical stage biopharmaceutical company. The Firm is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Firm has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment. The Firm owns the rights to its COMTi platform. Catechol O methyltransferase (COMT) is an enzyme that is critical for the inactivation and metabolism of dopamine and its inhibition in the brain has applicability in treating subjects with neuropsychiatric conditions, including MDD, schizophrenia, Parkinson’s disease and pathological gambling. The Company’s COMTi platform comprises COMT inhibitors with selectivity for membrane bound COMT, which is the dominant form of COMT found within the central nervous system. The Company’s COMTi platform includes compounds with varying degrees of selectivity of peripheral versus brain COMT inhibition, including some that work on both peripheral and brain COMT, and some that work primarily on brain COMT.

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