Stock Investors Sell Off Shares of Keryx Biopharmaceuticals, Down 2.9%

Published on Tue, 07/08/2014 - 11:39
By Mallory Stone in Market movers, KERX, keryx biopharmaceuticals, market movers, nasdaq:kerx

One of today's notable stocks in decline is Keryx Biopharmaceuticals (NASDAQ:KERX), down 2.9% to $15.16. The S&P is currently trading 0.6% lower to 1,966 and the Dow Jones Industrial Average is trading 0.7% lower to 16,912.

In the past 52 weeks, shares of Keryx Biopharmaceuticals have traded between a low of $1.28 and a high of $17.46 and are now at $15.16, which is 1,084% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

Potential upside of 59.0% exists for Keryx Biopharmaceuticals, based on a current level of $15.16 and analysts' average consensus price target of $24.10. Keryx Biopharmaceuticals shares have support at the 50-day moving average (MA) of $14.07 and additional support at the 200-day MA of $13.60.

Keryx Biopharmaceuticals, Inc. is a biopharmaceutical company focused on the acquisition, development, and commercialization of novel pharmaceutical products for the treatment of life-threatening diseases, including diabetes and cancer. Keryx is developing KRX-101 (sulodexide), a novel first-in-class oral heparinold compound for the treatment of diabetic nephropathy.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Earnings Flashback: Since Reporting Quar...

18 days ago, on July 8th, 2014, Bob Evans Farms (NASDAQ:BOBE) reported its earnings. A ...

Earnings Flashback: Since Reporting Quar...

11 days ago, on July 15th, 2014, CSX (NYSE:CSX) reported its earnings. Analysts, on av ...

Dover Earnings Review: 9 Days after Anno...

When Dover (NYSE:DOV) reported earnings 9 days ago on July 17th, 2014, analysts, on ave ...

Earnings Look Back: Autoliv Is Down 0.3%...

A week ago on July 18th, 2014 Autoliv (NYSE:ALV) reported earnings and analysts, on ave ...

Earnings Flashback: Since Reporting Quar...

A week ago on July 18th, 2014 Kansas City Southern (NYSE:KSU) reported earnings and ana ...

Cytec Industries Earnings Hindsight: Up ...

When Cytec Industries (NYSE:CYT) reported earnings a week ago on July 17th, 2014, analy ...

Novartis Earnings Hindsight: Down 0.1% i...

When Novartis (NYSE:NVS) reported earnings 9 days ago on July 17th, 2014, analysts, on ...

Post Earnings Update: AAR Has Climbed 4....

11 days ago, on July 15th, 2014, AAR (NYSE:AIR) reported its earnings. Analysts, on av ...