Price Don’t Lie: Could Regenxbio Inc See a Reversal After This Very Strong Session?

Price Don't Lie: Could Regenxbio Inc See a Reversal After This Very Strong Session?

The stock of Regenxbio Inc (NASDAQ:RGNX) is a huge mover today! About 211,877 shares traded hands. Regenxbio Inc (NASDAQ:RGNX) has risen 87.66% since April 18, 2016 and is uptrending. It has outperformed by 83.23% the S&P500.
The move comes after 5 months positive chart setup for the $566.10M company. It was reported on Nov, 18 by Barchart.com. We have $28.60 PT which if reached, will make NASDAQ:RGNX worth $169.83 million more.

Regenxbio Inc (NASDAQ:RGNX) Ratings Coverage

Out of 4 analysts covering Regenxbio (NASDAQ:RGNX), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Regenxbio has been the topic of 4 analyst reports since October 12, 2015 according to StockzIntelligence Inc. Chardan Capital Markets initiated it with “Buy” rating and $33 target price in Tuesday, October 20 report. The firm has “Buy” rating given on Monday, October 12 by Bank of America. The stock of Regenxbio Inc (NASDAQ:RGNX) earned “Overweight” rating by Piper Jaffray on Monday, October 12. The stock of Regenxbio Inc (NASDAQ:RGNX) earned “Overweight” rating by Morgan Stanley on Tuesday, October 13.

According to Zacks Investment Research, “REGENXBIO Inc. is a biotechnology company. The Company focuses on the development, commercialization and licensing of recombinant adeno-associated virus gene therapy. Its products candidates include RGX-501, for the treatment of homozygous familial hypercholesterolemia which uses the AAV8 vector to deliver the human low-density lipoprotein receptor gene to liver cells; RGX-111, for the treatment of Mucopolysaccharidosis Type I which uses the AAV9 vector to deliver the human a-l-iduronidase gene to the central nervous system; RGX-121, for the treatment of Mucopolysaccharidosis Type II; RGX-314, for the treatment of wet age-related macular degeneration and RGX-321, for the treatment of X-linked retinitis pigmentosa. REGENXBIO Inc. is headquartered in Rockville, Maryland.”

Another recent and important Regenxbio Inc (NASDAQ:RGNX) news was published by Bizjournals.com which published an article titled: “Venture-backed Md. biotech files for IPO” on August 17, 2015.

RGNX Company Profile

REGENXBIO Inc., incorporated on July 16, 2008, is a biotechnology company. The Firm is focused on the development, commercialization and licensing of recombinant adeno-associated virus (AAV) gene therapy. The Company’s AAV gene delivery platform (NAV Technology Platform) consists of rights to over 100 novel AAV vectors, including AAV7, AAV8, AAV9 and AAVrh10 (NAV Vectors). The Company’s NAV Technology Platform is applied in the development of approximately 30 product candidates for a range of diseases, including over five internally developed product candidates and approximately 20 partnered product candidates developed by its NAV Technology Licensees. NAV Vectors have demonstrated stable expression in animals for over eight years. In addition, AAV8 vectors have demonstrated stable expression for over four years in a clinical trial for the treatment of hemophilia B. The Firm develops products for various indications, including metabolic, neurodegenerative and retinal diseases. The Company’s therapeutic programs include RGX-501 for Homozygous familial hypercholesterolemia (HoFH); RGX-111 for Mucopolysaccharidosis Type I (MPS I); RGX-121 for Mucopolysaccharidosis Type II (MPS II); RGX-314 for Wet age related macular degeneration (wet AMD), and RGX-321 for X-linked retinitis pigmentosa (XLRP).

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