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LXRX

Lexicon

$7.79

0.18 (2.37%)

15:30
03/19/19
03/19
15:30
03/19/19
15:30

Call buyer opens a bullish position in Lexicon Pharmaceuticals upside calls

Call buyer opens a bullish position in Lexicon Pharmaceuticals upside calls. Shares up 2.3% to $7.80 and 3K Apr 9s trade $1.20 when bid-ask was $1.05 to 1.20. The block will create the largest open interest in the name and comes as 30-day implied volatility climbs 5% to 52-week highs of 175. The company has a 3/22 PDUFA date for a diabetes drug.

  • 22

    Mar

  • 25

    Apr

LXRX Lexicon
$7.79

0.18 (2.37%)

01/22/19
WEDB
01/22/19
NO CHANGE
Target $36
WEDB
Outperform
Lexicon price target lowered to $36 from $42 at Wedbush
Wedbush analyst Liana Moussatos lowered her price target for Lexicon to $36 from $42, while reiterating an Outperform rating on the shares as she sees the split AdComm selloff "overdone." On January 17, the Endocrinologic and Metabolic Drug Advisory Committee had a split vote for/against approval of sotagliflozin as potentially the first oral antidiabetic drug used as an adjunct to insulin to improve glycemic control in adults with type 1 diabetes, she notes. The analyst points out that this was the first AdComm for an oral medication for T1D and the non-diabetes experts may have been thinking about T2D A1c drops not on insulin when criticizing the clinical meaningfulness of the 0.2%-0.4% placebo adjusted A1c drop for sotagliflozin. Moussatos also believes the DKA safety issue was "blown out of proportion." Even if FDA issues a CRL on March 22nd to allow more time to develop a RMS or even REMS, the analyst anticipates approval.
03/13/19
GABE
03/13/19
DOWNGRADE
GABE
Sell
Lexicon downgraded to Sell from Hold at Gabelli
03/14/19
GABE
03/14/19
DOWNGRADE
GABE
Sell
Lexicon downgraded to Sell at Gabelli on expected FDA rejection of sotagliflozin
As previously reported, Gabelli analyst Kevin Kedra downgraded Lexicon to Sell from Hold, citing his expectation that the FDA will reject sotagliflozin in type 1 diabetes by its March 22 PDUFA date following a split AdCom vote in January. He believes the FDA is likely to require additional information regarding a risk mitigation strategy to reduce incidences of diabetic ketoacidosis in type 1 patients on sotagliflozin, which is "a manageable hurdle," but one that will likely take additional time to navigate, Kedra tells investors. He has reduced his 2020 private market value estimate for Lexicon shares to $6.00 from $6.50.
03/14/19
03/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lexicon (LXRX) downgraded to Sell from Hold at Gabelli with analyst Kevin Kedra citing his expectation that the FDA will reject sotagliflozin in type 1 diabetes by its March 22 PDUFA date following a split AdCom vote in January. 2. Sun Life Financial (SLF) downgraded to Underperformer from Neutral at CIBC. 3. Yum China (YUMC) downgraded to Outperform from Buy at Daiwa with analyst Adrian Chan citing valuation but says long-term growth remains intact. 4. Line Corp. (LN) downgraded to Underperform from Neutral at Credit Suisse. 5. Nabors Industries (NBR) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying Nabors' free cash flow outlook is weighted towards the second half of 2019, with Q1 likely to be a cash burn of $40M-plus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PINS

Pinterest

$26.69

0.68 (2.61%)

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KSHB

KushCo Holdings

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JWN

Nordstrom

$37.09

0.16 (0.43%)

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NTDOY

Nintendo

$0.00

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, TTWO

Take-Two

$106.76

-0.81 (-0.75%)

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Nintendo

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TTWO

Take-Two

$106.76

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DIS

Disney

$135.04

-0.46 (-0.34%)

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TPR

Tapestry

$30.78

-0.56 (-1.79%)

, REGN

Regeneron

$304.81

-4.69 (-1.52%)

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TPR

Tapestry

$30.78

-0.56 (-1.79%)

REGN

Regeneron

$304.81

-4.69 (-1.52%)

SCHW

Charles Schwab

$43.21

-0.94 (-2.13%)

BWA

BorgWarner

$36.27

-0.375 (-1.02%)

AMAT

Applied Materials

$42.72

-1.56 (-3.52%)

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MT

ArcelorMittal

$16.37

-0.485 (-2.88%)

, CLF

Cleveland-Cliffs

$10.02

-0.08 (-0.79%)

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MT

ArcelorMittal

$16.37

-0.485 (-2.88%)

CLF

Cleveland-Cliffs

$10.02

-0.08 (-0.79%)

SCHN

Schnitzer Steel

$23.16

0.42 (1.85%)

BRSS

Global Brass and Copper

$43.09

-0.01 (-0.02%)

LXFR

Luxfer

$25.41

-0.44 (-1.70%)

MTRN

Materion

$66.36

0.155 (0.23%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$14.84

-0.01 (-0.07%)

F

Ford

$10.29

-0.1 (-0.96%)

GM

General Motors

$37.00

-0.36 (-0.96%)

HMC

Honda

$25.64

-0.135 (-0.52%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$118.40

-1.44 (-1.20%)

VWAGY

Volkswagen

$0.00

(0.00%)

SHOO

Steven Madden

$31.49

-0.37 (-1.16%)

GIII

G-III Apparel

$31.82

-0.35 (-1.09%)

IIVI

II-VI

$32.66

-1.64 (-4.78%)

LITE

Lumentum

$46.30

-4.15 (-8.23%)

MU

Micron

$36.06

-1.37 (-3.66%)

WDC

Western Digital

$44.62

-0.82 (-1.80%)

COHR

Coherent

$121.28

-5.22 (-4.13%)

LASR

nLight

$21.21

-1.27 (-5.65%)

VECO

Veeco

$12.50

-0.25 (-1.96%)

NPTN

NeoPhotonics

$3.83

-0.7 (-15.45%)

AAPL

Apple

$188.97

-0.93 (-0.49%)

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WMT

Walmart

$100.88

-0.56 (-0.55%)

17:59
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XOM

Exxon Mobil

$75.91

-0.44 (-0.58%)

, REPYY

Repsol

$0.00

(0.00%)

17:56
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Periodicals
Exxon Gulf of Mexico sale gets interest from Repsol, Ineos, Bloomberg says »

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XOM

Exxon Mobil

$75.91

-0.44 (-0.58%)

REPYY

Repsol

$0.00

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  • 22

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IEF

iShares 7-10 Year Treasury Bond ETF

$106.74

0.04 (0.04%)

, SHY

iShares 1-3 Year Treasury Bond

$84.15

0.02 (0.02%)

17:43
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General news
Weekly CFTC Commitment of Traders highlights »

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IEF

iShares 7-10 Year Treasury Bond ETF

$106.74

0.04 (0.04%)

SHY

iShares 1-3 Year Treasury Bond

$84.15

0.02 (0.02%)

SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

SLV

iShares Silver Trust

$13.52

-0.14 (-1.02%)

GLD

SPDR Gold Shares

$120.64

-0.86 (-0.71%)

FXE

Euro Currency Trust

$106.35

-0.13 (-0.12%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

17:39
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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

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HIG

Hartford Financial

$53.58

-0.02 (-0.04%)

17:34
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Syndicate
Breaking Syndicate news story on Hartford Financial »

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  • 11

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AFH

Atlas Financial

$0.91

0.0225 (2.53%)

17:33
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Atlas Financial receives filing delinquency notice from Nasdaq »

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WES

Western Gas Partners

$30.60

-0.155 (-0.50%)

17:29
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Breaking Syndicate news story on Western Gas Partners »

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BA

Boeing

$354.99

0.5 (0.14%)

17:24
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  • 29

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LMT

Lockheed Martin

$338.10

-2.39 (-0.70%)

17:18
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  • 29

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COTY

Coty

$13.50

0.25 (1.89%)

17:14
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Coty exec Pieraccioni acquires 93,100 common shares »

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AMR

Alta Mesa Resources

$0.18

-0.0027 (-1.50%)

17:14
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Alta Mesa Resources receives noncompliance notification from Nasdaq »

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NJR

New Jersey Resources

$49.82

-0.03 (-0.06%)

17:06
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New Jersey Resources' Trice sells 12,000 common shares »

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  • 21

    May

AHC

A.H. Belo

$3.82

-0.075 (-1.93%)

17:03
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A.H. Belo sells former Dallas Morning News campus for $31.6M »

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TLRA

Telaria

$8.56

0.2 (2.39%)

17:01
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Telaria director Rossman sells 173K shares of common stock »

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  • 28

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HL

Hecla Mining

$1.53

0.015 (0.99%)

16:58
05/17/19
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Syndicate
Breaking Syndicate news story on Hecla Mining »

Hecla Mining files to…

03/08/13
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INNT

Innovate Biopharmaceuticals

$1.59

-0.095 (-5.65%)

16:57
05/17/19
05/17
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16:57
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Breaking Syndicate news story on Innovate Biopharmaceuticals »

Innovate files to sell…

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  • 20

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JONE

Jones Energy

$0.00

(0.00%)

16:56
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05/17
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Hot Stocks
Jones Energy emerges from bankruptcy »

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HPP

Hudson Pacific

$34.33

-0.15 (-0.44%)

16:44
05/17/19
05/17
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16:44
Hot Stocks
Hudson Pacific CFO sells ~57K shares of common stock »

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  • 23

    May

GLYC

GlycoMimetics

$12.42

-0.43 (-3.35%)

16:36
05/17/19
05/17
16:36
05/17/19
16:36
Syndicate
Breaking Syndicate news story on GlycoMimetics »

GlycoMimetics files $250M…

03/08/13
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