Clovis Oncology Inc (CLVS) is Initiated by SunTrust to Buy

Clovis Oncology Inc (CLVS) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Clovis Oncology Inc. Shares were Reiterated by WallachBeth on May 9, 2016 to “Hold” and Lowered the Price Target to $ 22 from a previous price target of $30 .

On the company’s financial health, Clovis Oncology Inc reported $-2.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on May 5, 2016. Analyst had a consensus of $-2.49.During the same quarter in the previous year, the company posted $-1.86 EPS.

Clovis Oncology Inc opened for trading at $15.3 and hit $15.74 on the upside on Thursday, eventually ending the session at $15.44, with a gain of 1.38% or 0.21 points. The heightened volatility saw the trading volume jump to 9,75,430 shares. Company has a market cap of $593 M.

In a different news, on Nov 3, 2015, Erle T Mast (Executive VP and CFO) sold 3,000 shares at $104.18 per share price. According to the SEC, on Oct 30, 2015, Lindsey Rolfe (officer ) sold 4,000 shares at $97.80 per share price. On Oct 16, 2015, Gillian C Ivers-read (officer ) sold 3,000 shares at $91.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Clovis Oncology Inc. (Clovis) is a biopharmaceutical company focused on acquiring developing and commercializing anti-cancer agents in the United States Europe and additional international markets. The Company is developing three product candidates: Rociletinib Rucaparib and Lucitanib. Rociletinib an oral epidermal growth factor receptor (EGFR) is a mutant-selective covalent inhibitor that is in advanced clinical development for the treatment of non-small cell lung cancer. Rucaparib an oral inhibitor of poly (ADP-ribose) polymerase (PARP) is in advanced clinical development for the treatment of ovarian cancer. Lucitanib is an oral potent inhibitor of the tyrosine kinase activity of fibroblast growth factor receptors 1-3 (FGFR1-3) vascular endothelial growth factor receptors 1-3 (VEGFR1-3) and platelet-derived growth factor receptors alpha and beta (PDGFR a/B) that is in Phase II development for the treatment of breast and lung cancers.

Clovis Oncology Inc

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