Nektar Therapeutics Target of Unusually Large Options Trading (NKTR)


This positive price action should be well received by options traders, who've been unusually focused on long calls over puts in recent weeks. The average volume stands around 10429469. Moreover, Metropolitan Life Ins New York has 0.01% invested in Nektar Therapeutics (NASDAQ:NKTR) for 99,566 shares. It is positive, as 17 investors sold NKTR shares while 40 reduced holdings. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen K. Doberstein sold 1,701 shares of the stock in a transaction that occurred on Wednesday, August 16th. It also increased its holding in Gran Tierra Energy Inc (NYSEMKT:GTE) by 345,800 shares in the quarter, for a total of 2.50M shares, and has risen its stake in Banco Macro Sa (NYSE:BMA). Ashmore Group Plc sold 21,355 shares as the company's stock rose 11.75% with the market. The disclosure for this sale can be found here. $163,985 worth of Nektar Therapeutics (NASDAQ:NKTR) shares were sold by ROBIN HOWARD W. Nicholson John had sold 3,146 shares worth $61,504. Parametric Port Assoc Lc invested in 0.01% or 325,501 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,603 shares of the biopharmaceutical company's stock valued at $110,000 after acquiring an additional 692 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Nektar Therapeutics by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Nektar Therapeutics by 9.8% during the first quarter. Teachers Advisors LLC now owns 663,324 shares of the biopharmaceutical company's stock valued at $15,568,000 after acquiring an additional 337,868 shares during the last quarter. The stock has been active on the tape, now trading at $32.50, up from yesterday's close by 2.39%.

Tightening the gaze, stock performance for the last 5 trading days is 36.84%. Institutional investors and hedge funds own 95.11% of the company's stock.

Shares of Nektar Therapeutics (NASDAQ NKTR) opened at $32.50 on Monday. Looking at the stock's movement on the chart, Nektar Therapeutics recorded a 52-week high of $32.60.

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On November 9, 2017 Canaccord Genuity released a research note on NKTR by announcing an initial rating of "Buy". After $0.60 actual earnings per share reported by Plantronics Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The business had revenue of $152.90 million for the quarter, compared to analysts' expectations of $126.50 million. Nektar Therapeutics had a negative net margin of 42.08% and a negative return on equity of 190.68%. The firm's quarterly revenue was up 321.2% compared to the same quarter previous year. During the same period last year, the firm earned ($0.32) earnings per share. sell-side analysts predict that Nektar Therapeutics will post -0.83 earnings per share for the current year. The company beat the analyst EPS Estimate with the difference of $-0.02. November 8 investment analysts at Jefferies Group LLC held the company rating at "Buy" targeting a price of $35.00. Nektar Therapeutics presently has an average rating of "Buy" and a consensus target price of $30.45. Credit Suisse Ag reported 0.01% in Nektar Therapeutics (NASDAQ:NKTR). The rating was maintained by William Blair on Thursday, May 25 with "Outperform". Shares for $28,348 were sold by Gergel Ivan P. $98,950 worth of Nektar Therapeutics (NASDAQ:NKTR) shares were sold by CHESS ROBERT. ValuEngine raised Nektar Therapeutics from a sell rating to a hold rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. On August 18 Jefferies Group LLC made no change to the company rating of "Buy" with a current price target of $23.00.

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Nektar Therapeutics is a biopharmaceutical company.