Market Overview

Arrowhead Research Up Over 6% Following CNBC Comments

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Shares of Arrowhead Research (NASDAQ: ARWR) are trending higher following bullish comments from CNBC’s Fast Money.

“Upside 100 to 200 percent- downside 20 percent,” said Robyn Karnauskas, Deutsche Bank biotechnology director.

Arrowhead is currently developing a drug to treat hepatitis B and is expected to release data on its progress in the third quarter.

Karnauskas also commented that Arrowhead is a likely takeout target. This is often the case for small pharmaceutical companies who are not partnered with a giant in the space to help with trials and commercialization.

Shares of Arrowhead are up nearly seven percent Wednesday to $12.15.

Latest Ratings for ARWR

DateFirmActionFromTo
Dec 2018Cantor FitzgeraldMaintainsOverweightOverweight
Sep 2018Chardan CapitalMaintainsBuyBuy
Sep 2018B. Riley FBRUpgradesNeutralBuy

View More Analyst Ratings for ARWR
View the Latest Analyst Ratings

Posted-In: CNBC CNBC Fast Money Robyn KarnauskasAnalyst Color Analyst Ratings Media

 

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