Immunomedics (IMMU) Getting Somewhat Positive Press Coverage, Analysis Shows

Headlines about Immunomedics (NASDAQ:IMMU) have been trending somewhat positive on Saturday, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Immunomedics earned a news impact score of 0.11 on Alpha One’s scale. Alpha One also assigned press coverage about the biopharmaceutical company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for Immunomedics (NASDAQ:IMMU)

A number of equities research analysts have issued reports on IMMU shares. Wells Fargo & Company raised shares of Immunomedics from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. Jefferies Group LLC set a $8.00 target price on shares of Immunomedics and gave the company a “buy” rating in a research note on Thursday, March 16th. Cowen and Company started coverage on shares of Immunomedics in a research note on Friday, May 26th. They set an “outperform” rating for the company. Finally, ValuEngine raised shares of Immunomedics from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.88.

Immunomedics (IMMU) traded down 2.98% on Friday, hitting $7.48. 3,976,128 shares of the stock were exchanged. The stock’s market capitalization is $819.84 million. Immunomedics has a one year low of $1.95 and a one year high of $8.44. The company has a 50 day moving average of $7.20 and a 200 day moving average of $5.46.

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About Immunomedics

Immunomedics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing monoclonal antibody-based products for the targeted treatment of cancer, autoimmune disorders and other serious diseases. Its geographic segments include United States and Europe. Its technologies allow it to create humanized antibodies that can be used either alone in unlabeled or naked form, or conjugated with radioactive isotopes, chemotherapeutics, cytokines or toxins.

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