Market Overview

Cantor Weighs In On Dendreon Leadership Change


Dendreon (NASDAQ: DNDN) shares opened almost five percent lower Wednesday after John Johnson, President, Chairman and CEO said he would be stepping down from the company.

Cantor Fitzgerald analyst Mara Goldstein weighed in on the executive change. Goldstein thinks Johnson's resignation may, “signal a change in course to investors,” which may fuel short covering in the short term. According to the last Nasdaq report, 27.55 percent of the company was sold short.

The Cantor note also emphasized that corporate activity limiting profitability and the competitive environment are major challenges Dendreon faces moving forward.

Cantor Fitzgerald has a $4 price target and Hold rating on Dendreon, which is currently trading at $2.04.

Latest Ratings for DNDN

Nov 2014Roth CapitalUpgradesSellNeutral
Oct 2014CitigroupMaintainsSell
Aug 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for DNDN
View the Latest Analyst Ratings


Related Articles (DNDN)

View Comments and Join the Discussion!

Posted-In: Cantor Mara GoldsteinAnalyst Color Analyst Ratings

Latest Ratings

ZYMESVB LeerinkDowngrades41.0
PNWCredit SuisseDowngrades81.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at