Price Action Report: Albireo Pharma, Inc.’s Stock Is Buy After Today’s Significant Increase

Price Action Report: Albireo Pharma, Inc.'s Stock Is Buy After Today's Significant Increase

The stock of Albireo Pharma, Inc. (NASDAQ:ALBO) is a huge mover today! The stock increased 18.53% or $4.9 during the last trading session, hitting $31.35. About 141,612 shares traded hands or 178.43% up from the average. Albireo Pharma, Inc. (NASDAQ:ALBO) has risen 109.92% since April 22, 2016 and is uptrending. It has outperformed by 104.51% the S&P500.
The move comes after 7 months positive chart setup for the $56.56 million company. It was reported on Nov, 25 by Barchart.com. We have $33.23 PT which if reached, will make NASDAQ:ALBO worth $3.39M more.

Analysts await Albireo Pharma, Inc. (NASDAQ:ALBO) to report earnings on December, 15.

According to Zacks Investment Research, “Albireo Pharma, Inc. is a biopharmaceutical company. It focused on the development of novel bile acid modulators to treat orphan pediatric liver diseases and other liver and gastrointestinal diseases and disorders. Albireo Pharma Inc., formerly known as BIODEL INC., is based in Boston, United States.”

More recent Albireo Pharma, Inc. (NASDAQ:ALBO) news were published by: Quotes.Wsj.com which released: “News Albireo Pharma Inc.ALBO” on November 03, 2016. Also Streetinsider.com published the news titled: “Form 3 ALBIREO PHARMA, INC. For: Nov 03 Filed by: Sermon Charles” on November 07, 2016. Marketwired.com‘s news article titled: “Biodel Inc. and Albireo Limited Agree to Combine” with publication date: May 25, 2016 was also an interesting one.

ALBO Company Profile

Albireo Pharma, Inc., formerly Biodel Inc., incorporated on December 8, 2003, is a clinical-stage biopharmaceutical company. The Firm is focused on the development and commercialization of bile acid modulators to treat orphan pediatric liver diseases and other liver and gastrointestinal diseases and disorders. The Company’s clinical pipeline includes over two Phase II product candidates and one Phase III product candidate. The Company’s pipeline includes A4250, A3384 and Elobixibat.

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