Stock Mover of The Day: What Next for Novocure Ltd Stock After Today’s Significant Increase?

Stock Mover of The Day: What Next for Novocure Ltd Stock After Today's Significant Increase?

The stock of Novocure Ltd (NASDAQ:NVCR) is a huge mover today! About 209,466 shares traded hands. Novocure Ltd (NASDAQ:NVCR) has declined 51.25% since April 5, 2016 and is downtrending. It has underperformed by 53.20% the S&P500.
The move comes after 7 months positive chart setup for the $612.43 million company. It was reported on Nov, 7 by Barchart.com. We have $10.67 PT which if reached, will make NASDAQ:NVCR worth $287.84M more.

Novocure Ltd (NASDAQ:NVCR) Ratings Coverage

Out of 5 analysts covering NovoCure (NASDAQ:NVCR), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. NovoCure has been the topic of 6 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Deutsche Bank on Wednesday, December 2. Wedbush initiated the shares of NVCR in a report on Tuesday, October 27 with “Outperform” rating. The rating was initiated by JMP Securities with “Market Outperform” on Tuesday, October 27. The firm earned “Outperform” rating on Friday, July 29 by Wedbush. JP Morgan initiated the stock with “Overweight” rating in Tuesday, October 27 report. Barclays Capital initiated the stock with “Underweight” rating in Tuesday, January 19 report.

According to Zacks Investment Research, “NovoCure Limited is an oncology company. The Company is engaged in developing a therapy called Tumor Treating Fields for the treatment of solid tumor cancers. It operates primarily in the United States, Germany, Switzerland and Japan. NovoCure Limited is based in Saint Helier, Channel Islands.”

More notable recent Novocure Ltd (NASDAQ:NVCR) news were published by: Marketwatch.com which released: “Novocure Ltd. NASDAQ: NVCR” on September 02, 2015, also Fool.com with their article: “Why Novocure Ltd Is Plunging Today” published on July 28, 2016, Quotes.Wsj.com published: “Novocure Ltd. NVCR (US: Nasdaq)” on September 02, 2015. More interesting news about Novocure Ltd (NASDAQ:NVCR) were released by: Marketwatch.com and their article: “NovoCure falls below reduced IPO price in market debut” published on October 02, 2015 as well as Marketwatch.com‘s news article titled: “NovoCure prices IPO at $22 a share” with publication date: October 02, 2015.

NVCR Company Profile

NovoCure Limited, incorporated on February 11, 2000, is a commercial-stage oncology company. The Firm is engaged in developing a therapy called TTFields for the treatment of solid tumor cancers. TTFields is a low-toxicity anti-mitotic treatment that uses low-intensity, intermediate frequency, alternating electric fields to exert physical forces on molecules inside cancer cells, disrupting the basic machinery for normal cell division, leading to cancer cell death. A TTFields delivery system includes a portable electric field generator, transducer arrays, rechargeable batteries and accessories. The electric fields are delivered through the non-invasive, insulated transducer arrays that are placed directly on the skin in the region surrounding the tumor. The therapy is designed to be delivered throughout the day and night.

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