Somewhat Positive News Coverage Somewhat Unlikely to Affect MannKind (MNKD) Stock Price
Headlines about MannKind (NASDAQ:MNKD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MannKind earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the biopharmaceutical company an impact score of 44.7610224982077 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have weighed in on MNKD. Zacks Investment Research cut MannKind from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut MannKind from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. ValuEngine upgraded MannKind from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 30th. Maxim Group restated a “hold” rating on shares of MannKind in a research note on Wednesday, November 1st. Finally, HC Wainwright restated a “buy” rating on shares of MannKind in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $0.92.
MannKind (NASDAQ MNKD) opened at $3.02 on Thursday. MannKind has a 12 month low of $0.67 and a 12 month high of $6.96. The company has a debt-to-equity ratio of -0.43, a quick ratio of 0.28 and a current ratio of 0.31.
In other news, Director Kent Kresa purchased 166,600 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $6.00 per share, for a total transaction of $999,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
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MannKind Corporation is a biopharmaceutical company. The Company is focused on the discovery and development of therapeutic products for diseases, such as diabetes. Its product candidate is AFREZZA, which is an inhaled insulin used to control high blood sugar in adults with type I and type II diabetes and helps in glycemic control.
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