Iovance Biotherapeutic Inc Sees Comeback From 12-Month Low

Iovance Biotherapeutic Inc Sees Comeback

Iovance Biotherapeutics Inc. (NASDAQ:$IOVA) saw a 56.18% comeback from a 12-month low price of $4.45. It was seen 4.51% higher, changing the price to $6.95, when the closing bell rang on October 25th. During the most recent session today, the prices were lingering between $6.75 and $7.2.

Iovance shares are currently at 123.02% off its target price of $15.5.

Institutional investors currently hold around $317 million, or 74.8% in IOVA stock. Such top holders include Blackrock Inc., with $40.34 million, Franklin Resources Inc, with $34.24 million, and Perceptive Advisors Llc, with $29.02 million.

By the end of June 2017, 40 institutional holders increased their position in Iovance by a fleet of 3,315,853 shares.

Further, multiple company employees have indulged in significant insider trading. Iovance disclosed in a document filed with the US Securities and Exchange Commission that Director Hillsberg Sanford has sold 54,000 shares of Iovance Biotherapeutics in trading session dated Aug 25, 2016.

As for its overall rating, 6 analysts granted Iovance a strong buy, whereas 0 granted a hold and a sell.

Featured Image: Depositphotos/© Khakimullin

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