Notable Reporting: What’s Propelling CoLucid Pharmaceuticals Inc to Increase So Much?

Notable Reporting: What's Propelling CoLucid Pharmaceuticals Inc to Increase So Much?

The stock of CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) is a huge mover today! The stock increased 6.48% or $2.1 on November 23, hitting $34.5. About 354,440 shares traded hands or 29.00% up from the average. CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) has risen 412.63% since April 22, 2016 and is uptrending. It has outperformed by 407.22% the S&P500.
The move comes after 9 months positive chart setup for the $616.45 million company. It was reported on Nov, 24 by Barchart.com. We have $37.61 PT which if reached, will make NASDAQ:CLCD worth $55.48M more.

CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) Ratings Coverage

Out of 2 analysts covering CoLucid Pharmaceuticals (NASDAQ:CLCD), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CoLucid Pharmaceuticals has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Thursday, September 3 report. William Blair maintained it with “Buy” rating and $22 target price in Friday, August 14 report. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, October 24. The stock of CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) has “Buy” rating given on Monday, September 19 by Stifel Nicolaus.

According to Zacks Investment Research, “CoLucid Pharmaceuticals, Inc. is a biopharmaceutical company which develops molecule for the treatment of migraine headaches. The company’s product candidate consists of oral Lasmiditan for the treatment of migraine headache and intravenous lasmiditan for treatment of headache pain, which are in different clinical trial. CoLucid Pharmaceuticals, Inc. is headquartered in Burlington, Massachusetts.”

More important recent CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 26, 2015, also Fool.com published article titled: “Why CoLucid Pharmaceuticals Inc. Soared As Much As 18% on Thursday”, Globenewswire.com published: “CoLucid Pharmaceuticals Announces Pricing of Public Offering of Common Stock” on September 09, 2016. More interesting news about CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) was released by: Prnewswire.com and their article: “CoLucid Pharmaceuticals, Inc., Raises $37.1 Million in Series C Preferred …” with publication date: January 13, 2015.

CLCD Company Profile

CoLucid Pharmaceuticals, Inc., incorporated on August 31, 2005, is a Phase III clinical-stage biopharmaceutical company. The Firm is engaged in developing a small molecule for the acute treatment of migraine headaches. The Company’s product candidates address the needs of migraine patients, including those with cardiovascular risk factors or stable cardiovascular disease and those dissatisfied with existing therapies. Lasmiditan, the Company’s lead product candidate, is an oral tablet for the acute treatment of migraine in adults. Lasmiditan selectively targets 5-HT1F receptors expressed in the trigeminal pathway in the central nervous system (CNS). Lasmiditan is designed to penetrate the CNS and block the pathway that contributes to headache pain.

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