Xencor, Inc. (XNCR) Major Shareholder John S. Stafford III Acquires 9,215 Shares of Stock
Xencor, Inc. (NASDAQ:XNCR) major shareholder John S. Stafford III bought 9,215 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $20.76 per share, with a total value of $191,303.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Xencor, Inc. (XNCR) traded up $0.52 during midday trading on Friday, reaching $21.53. The company had a trading volume of 602,278 shares, compared to its average volume of 224,380. Xencor, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $28.64.
A number of equities research analysts have recently weighed in on XNCR shares. Cantor Fitzgerald started coverage on Xencor in a research report on Wednesday, November 29th. They set an “overweight” rating and a $33.00 target price for the company. ValuEngine downgraded Xencor from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. BidaskClub upgraded Xencor from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded Xencor from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Canaccord Genuity set a $36.00 target price on Xencor and gave the stock a “buy” rating in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Xencor presently has an average rating of “Hold” and an average target price of $30.80.
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Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.
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