Aduro BioTech (ADRO) Getting Somewhat Favorable News Coverage, Report Shows
Media headlines about Aduro BioTech (NASDAQ:ADRO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aduro BioTech earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the biotechnology company an impact score of 46.2537881103143 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Citadel Advisors LLC Invests $1.31 Million in Aduro BioTech Inc (ADRO) Stock (americanbankingnews.com)
- Aduro BioTech (ADRO) Given a $10.00 Price Target at HC Wainwright (americanbankingnews.com)
- Bank of America Lowers Aduro BioTech (ADRO) Price Target to $8.00 (americanbankingnews.com)
- Aduro BioTech (ADRO) Earns Buy Rating from Canaccord Genuity (americanbankingnews.com)
- Aduro Biotech Announces Fourth Quarter and Full Year 2017 Financial Results (finance.yahoo.com)
Aduro BioTech (NASDAQ:ADRO) traded up $0.30 on Friday, hitting $6.45. The stock had a trading volume of 692,396 shares, compared to its average volume of 497,151. The firm has a market cap of $475.42, a price-to-earnings ratio of -5.12 and a beta of 2.75. Aduro BioTech has a 12 month low of $5.82 and a 12 month high of $14.05.
In other news, insider Elsas Andrea Van sold 6,874 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.48, for a total transaction of $44,543.52. Following the sale, the insider now directly owns 216,669 shares of the company’s stock, valued at approximately $1,404,015.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dirk G. Brockstedt sold 65,223 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $8.11, for a total value of $528,958.53. Following the sale, the executive vice president now directly owns 137,826 shares in the company, valued at $1,117,768.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,930 shares of company stock worth $812,690. 6.60% of the stock is currently owned by insiders.
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About Aduro BioTech
Aduro Biotech, Inc is an immunotherapy company, which focuses on the discovery, development and commercialization of therapies that manage the treatment of various diseases, including cancer. The Company’s product candidates from its Live, Attenuated, Double-Deleted (LADD) Listeria monocytogenes, Stimulator of Interferon Genes Pathway Activator, and B-select monoclonal antibody platforms are designed to stimulate and/or regulate innate and adaptive immune responses, either as single agents or in combination with conventional therapies, as well as other immunotherapies.
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