Hitting A New 52 Week High, Ionis Pharmaceuticals Inc (Nasdaq:IONS) Finishes At $78.54

IONS
IONS

Ionis Pharmaceuticals Inc (Nasdaq:IONS)

March 15th, 2019

Amidst rising markets Ionis Pharmaceuticals Inc closed Friday up 1.42%, a $1.10 increase to close on $78.54. Furthermore it hit a new 52 week high of $78.59. The stock continues to trade well at 101.02% of its 52 week low of $39.07.

Forecasts from 14 analysts indicates that Ionis Pharmaceuticals Inc could drop somewhat (-19.06%), while Finbox has calculated (with medium uncertainty) a fair value price of $57.41.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.22%), while Real Estate saw the biggest drop (-0.38%). Information Technology has seen the biggest year-to-date gain at 16.35%.

Real Estate and Industrials saw turn arounds from their five day positive performance, Real Estate with a drop of -0.38%.

Sector Breakdown

  • Information Technology went up with a 1.22% change.
  • Consumer Discretionary went up with a 0.71% change.
  • Financials went up with a 0.64% change.
  • Consumer Staples went up with a 0.50% change.
  • Healthcare went up with a 0.49% change.
  • Utilities went up with a 0.47% change.
  • Materials went up with a 0.20% change.
  • Communication Services went up with a 0.01% change.
  • Energy went down with a -0.08% change.
  • Industrials went down with a -0.25% change.
  • Real Estate went down with a -0.38% change.

Ionis Pharmaceuticals Inc Info

Ionis Pharmaceuticals, Inc. discovers and develops RNA-targeted therapeutics. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; and Kynamro an oligonucleotide inhibitor for use in patients with homozygous familial hypercholesterolemia to reduce low density lipoprotein-cholesterol, apolipoprotein B, total cholesterol, and non-high density lipoprotein. It is also developing inotersen, an antisense drug Ionis to treat patients with hereditary transthyretin amyloidosis; and volanesorsen, an antisense drug for the treatment of familial chylomicronemia syndrome and familial partial lipodystrophy. In addition, the company is developing drugs for various indications, such as cardiometabolic diseases caused by lipid disorders; cardiovascular disease, clotting disorders, and Alzheimer’s and Parkinson’s diseases; and acromegaly, amyotrophic lateral sclerosis, beta-thalassemia, and Huntington’s disease. Ionis Pharmaceuticals, Inc. has a collaboration agreement with AstraZeneca to discover and develop antisense therapies for treating cardiovascular and metabolic diseases, and cancer; Biogen Inc. to develop and commercialize therapies for neurological disorders, SMA, and neurodegenerative diseases; Roche to develop therapeutics for the treatment of complement-mediated diseases; and drug research collaboration with SRI International for the intracellular delivery of nucleic acid-based drugs, as well as a research collaboration agreement with Cerveau Technologies, Inc. The company was formerly known as Isis Pharmaceuticals, Inc. and changed its name to Ionis Pharmaceuticals, Inc. in December 2015. Ionis Pharmaceuticals, Inc. was founded in 1989 and is headquartered in Carlsbad, California.

All amounts in USD unless otherwise indicated

IONS daily update
IONS daily update

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