Notable Price Action: CoLucid Pharmaceuticals Inc Stock Is Rising Now

Notable Price Action: CoLucid Pharmaceuticals Inc Stock Is Rising Now

The stock of CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) is a huge mover today! The stock increased 6.93% or $2.35 on November 29, hitting $36.25. About 416,529 shares traded hands or 68.47% up from the average. CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) has risen 384.29% since April 26, 2016 and is uptrending. It has outperformed by 379.03% the S&P500.
The move comes after 8 months positive chart setup for the $657.00M company. It was reported on Nov, 29 by Barchart.com. We have $37.34 PT which if reached, will make NASDAQ:CLCD worth $19.71M 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. The rating was maintained by Stifel Nicolaus on Monday, September 19 with “Buy”. The firm has “Buy” rating by William Blair given on Friday, August 14. Stifel Nicolaus maintained CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) on Monday, October 24 with “Buy” rating. The company was upgraded on Thursday, September 3 by Zacks.

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 notable 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 with their article: “Why CoLucid Pharmaceuticals Inc. Soared As Much As 18% on Thursday” published on September 15, 2016, 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) were released by: Prnewswire.com and their article: “CoLucid Pharmaceuticals, Inc., Raises $37.1 Million in Series C Preferred …” published on January 13, 2015 as well as Finance.Yahoo.com‘s news article titled: “CoLucid Pharmaceuticals (CLCD) in Focus: Stock Jumps 7.4%” with publication date: September 20, 2016.

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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