Kite Hits 52-Week High on Positive Study (KITE)

Perrigo was one of several medical-related stocks that tanked in Tuesday trades

The positive top-line results from the trial showed the treatment effect of axicabtagene ciloleucel in a patient population of 101 having multiple types of aggressive National Hockey League, said Kite Pharma. The shares were sold at an average price of $50.86, for a total transaction of $36,415.76. Sell-side analysts tap into their vast knowledge of the company to help gauge future stock movement. Company's distance from 20 day simple moving average is 46.41% and distance from 50-Day simple moving average is 56.52%. The firm's market cap is $2555.65 billion. The stock's market capitalization is 3.97B, it has a 52-week low of 39.82 and a 52-week high of 80.82. Over the past five trading sessions it is 13.43%; 55.1% for the month; 173.05% for the last quarter; 300% for the past six-months; and 58.33% for the last 12 months. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-2.15 to $-1.22. Kite Pharma had a negative net margin of 994.89% and a negative return on equity of 39.26%. The company had revenue of $4.90 million for the quarter, compared to analysts' expectations of $5.74 million.

The company is planning to submit the biologics license application for the drug by the end of the first quarter this year. The business's revenue for the quarter was up.0% on a year-over-year basis. On average, equities analysts expect that Kite Pharma will post ($7.73) earnings per share for the current fiscal year.

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In Kite Pharma, Inc. If you are viewing this piece on another website, it was stolen and republished in violation of U.S. & global trademark and copyright legislation. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company.

Several large investors have recently added to or reduced their stakes in the stock. Strs Ohio boosted its stake in shares of Kite Pharma by 33.3% in the third quarter. Bainco International Investors now owns 671,540 shares of the biopharmaceutical company's stock worth $37,512,000 after buying an additional 647,750 shares during the period. Howard Hughes Medical Institute now owns 3,700 shares of the biopharmaceutical company's stock valued at $207,000 after buying an additional 269 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Kite Pharma during the third quarter valued at $25,579,000. Finally, State Street Corp increased its position in shares of Kite Pharma by 24.2% in the fourth quarter. Following the transaction, the chief operating officer now owns 92,995 shares of the company's stock, valued at $4,729,725.70. Vetr cut Kite Pharma from a "strong-buy" rating to a "sell" rating and set a $63.65 target price on the stock.in a research note on Tuesday. Jefferies Group reissued a "buy" rating and issued a $72.00 price objective on shares of Kite Pharma in a research report on Monday, September 19th.

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Insider Trades for Kite Pharma, Inc. show that the latest trade was made on 31 Jan 2017 where Wiezorek Jeffrey, the Officer completed a transaction type "Sell" in which 1500 shares were traded at a price of $51.21. They set a "buy" rating and a $78.00 target price on the stock.

02/22/2017 - Wells Fargo began new coverage on Kite Pharma, Inc. giving the company a " rating. The analyst recommendations from a month ago are 14 Buy, 1 Overweight, 0 Sell, 2 Hold and 0 Underweight.

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Wedbush analysts disclosed their opinion on Kite Pharma, Inc.

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