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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

14:45
03/22/19
03/22
14:45
03/22/19
14:45

Lexicon trading resumes

  • 22

    Mar

  • 25

    Apr

LXRX Lexicon
$7.51

-0.45 (-5.65%)

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

SKT

Tanger Factory

$15.90

0.13 (0.82%)

14:35
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14:35
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Tanger Factory put volume heavy and directionally bearish »

Bearish flow noted in…

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14:35
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USAT

USA Technologies

$7.43

-0.22 (-2.88%)

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USAT

USA Technologies

$7.43

-0.22 (-2.88%)

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USA Technologies says unlikely to meet Nasdaq deadline for filing compliance »

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USAT

USA Technologies

$7.43

-0.22 (-2.88%)

14:26
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Hot Stocks
Breaking Hot Stocks news story on USA Technologies »

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FISV

Fiserv

$104.82

-0.03 (-0.03%)

14:25
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Options
Fiserv call volume above normal and directionally bullish »

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  • 01

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TD

Toronto-Dominion

$57.97

0.4 (0.69%)

, DB

Deutsche Bank

$8.02

-0.055 (-0.68%)

14:24
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Hot Stocks
TD accepted Epstein accounts after Deutsche cut ties, Bloomberg says »

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TD

Toronto-Dominion

$57.97

0.4 (0.69%)

DB

Deutsche Bank

$8.02

-0.055 (-0.68%)

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  • 27

    Oct

IVV

iShares Core S&P 500

$301.93

-0.845 (-0.28%)

, SPY

SPDR S&P 500 ETF Trust

$298.77

-0.906381 (-0.30%)

14:22
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

ETF fund flows to the top…

IVV

iShares Core S&P 500

$301.93

-0.845 (-0.28%)

SPY

SPDR S&P 500 ETF Trust

$298.77

-0.906381 (-0.30%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$87.41

0.05 (0.06%)

IEF

iShares 7-10 Year Treasury Bond ETF

$111.69

0.335 (0.30%)

ITE

SPDR Bloomberg Barclays Intermediate Term Treasury ETF

$62.19

0.065 (0.10%)

SPTL

SPDR Portfolio Long Term Treasury ETF

$40.45

0.12 (0.30%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
09/20/19
09/20
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
09/20/19
09/20
14:16
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14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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PDD

Pinduoduo

$33.65

-0.98 (-2.83%)

14:15
09/20/19
09/20
14:15
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14:15
Options
Pinduoduo put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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FIT

Fitbit

$4.00

0.3347 (9.13%)

14:11
09/20/19
09/20
14:11
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14:11
Periodicals
Fitbit deciding whether to explore sale, Reuters says »

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FIT

Fitbit

$3.69

0.025 (0.68%)

14:07
09/20/19
09/20
14:07
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14:07
Hot Stocks
Fitbit rises after report of hiring bank to consider sale »

Shares of Fitbit are…

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FIT

Fitbit

$3.73

0.06 (1.64%)

14:03
09/20/19
09/20
14:03
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14:03
Periodicals
Breaking Periodicals news story on Fitbit »

Fitbit in talks with bank…

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W

Wayfair

$122.80

-5.865 (-4.56%)

13:55
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Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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DELL

Dell Technologies

$52.26

-0.8 (-1.51%)

13:53
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Conference/Events
Dell Technologies to hold a business news update meeting »

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  • 26

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FTR

Frontier Communications

$1.00

-0.0006 (-0.06%)

13:43
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Periodicals
Frontier Communications prepares for debt restructuring talks, WSJ reports »

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13:40
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General news
U.S. equity markets »

U.S. equity markets were…

BTU

Peabody Energy

$15.47

-1.56 (-9.16%)

, ARCH

Arch Coal

$71.00

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Peabody Energy confirms commitment to pending PRB/Colorado joint venture »

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ARCH

Arch Coal

$71.00

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  • 23

    Sep

SPY

SPDR S&P 500 ETF Trust

$298.09

-1.586381 (-0.53%)

, SPX

S&P 500

$0.00

(0.00%)

13:34
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Chinese delgation cancels farm trip to Montana, Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$298.09

-1.586381 (-0.53%)

SPX

S&P 500

$0.00

(0.00%)

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

NDX

Nasdaq 100 Index

$0.00

(0.00%)

03/08/13
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RACE

Ferrari

$151.80

-1.95 (-1.27%)

13:30
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Options
Trader trims risk by legging out of iron condor in Ferrari »

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MGM

MGM Resorts

$29.05

-0.01 (-0.03%)

13:25
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Options
MGM Resorts call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

$300.00

0.323619 (0.11%)

, SPX

S&P 500

$0.00

(0.00%)

13:22
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SPY

SPDR S&P 500 ETF Trust

$300.00

0.323619 (0.11%)

SPX

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$0.00

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WMT

Walmart

$117.62

0.58 (0.50%)

, MO

Altria Group

$41.19

1.08 (2.69%)

13:21
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Periodicals
Walmart to stop sale of e-cigarettes in stores, Yahoo Finance reports »

Walmart (WMT) will stop…

WMT

Walmart

$117.62

0.58 (0.50%)

MO

Altria Group

$41.19

1.08 (2.69%)

BTI

British American Tobacco

$36.57

0.07 (0.19%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$72.77

1.07 (1.49%)

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  • 25

    Sep

  • 12

    Nov

  • 13

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  • 14

    Nov

MGM

MGM Resorts

$29.04

-0.02 (-0.07%)

13:21
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Periodicals
Breaking Periodicals news story on MGM Resorts »

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