Price Action to Note: What’s Propelling Corbus Pharmaceuticals Holdings Inc to Decline So Much?

Price Action to Note: What's Propelling Corbus Pharmaceuticals Holdings Inc to Decline So Much?

The stock of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) is a huge mover today! About 549,161 shares traded hands. Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) has risen 433.71% since March 11, 2016 and is uptrending. It has outperformed by 428.26% the S&P500.
The move comes after 5 months negative chart setup for the $367.15 million company. It was reported on Oct, 14 by Barchart.com. We have $7.34 PT which if reached, will make NASDAQ:CRBP worth $51.40 million less.

Analysts await Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) to report earnings on November, 8. They expect $-0.08 earnings per share, down 33.33% or $0.02 from last year’s $-0.06 per share. After $-0.11 actual earnings per share reported by Corbus Pharmaceuticals Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% EPS growth.

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) Ratings Coverage

Out of 3 analysts covering Corbus Pharma (NASDAQ:CRBP), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Corbus Pharma has been the topic of 3 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, October 5. The firm earned “Mkt Outperform” rating on Tuesday, September 8 by JMP Securities. The stock of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) has “Buy” rating given on Monday, March 7 by Aegis Capital.

According to Zacks Investment Research, “Corbus Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company. It is focused on the development and commercialization of therapeutics to treat life threatening (orphan) inflammatory-fibrotic diseases. The Company’s lead product is Resunab (TM), an oral anti-inflammatory drug that has completed Phase I clinical trials for the treatment of cystic fibrosis and scleroderma. Corbus Pharmaceuticals Holdings, Inc. is based in Norwood, Massachusetts.”

Another recent and important Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) news was published by Fool.com which published an article titled: “Why Corbus Pharmaceuticals Holdings Inc Shares Skyrocketed Today” on October 05, 2016.

CRBP Company Profile

Corbus Pharmaceuticals Holdings, Inc., incorporated on December 18, 2013, is a clinical-stage pharmaceutical company. The Firm is focused on the development and commercialization of therapeutics to treat rare or uncommon chronic and serious inflammatory and fibrotic diseases. The Company’s segment is developing and commercializing therapeutics to treat rare life-threatening inflammatory fibrotic diseases. The Company’s product, Resunab, is a synthetic oral endocannabinoid-mimetic drug that is designed to resolve chronic inflammation and halt fibrotic processes without causing immunosuppression. Resunab is being evaluated in approximately three separate Phase II studies for the treatment of cystic fibrosis (CF), systemic sclerosis and skin-predominant dermatomyositis. The United States Food and Drug Administration (the FDA) has granted Resunab Orphan Drug Designation, as well as Fast Track Status, for both cystic fibrosis and systemic sclerosis.

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