Pharma Stock Soars to Record Highs After Epilepsy Treatment Results

The company reported positive data for its epilepsy treatment

Deputy Editor
Oct 4, 2021 at 1:32 PM
facebook X logo linkedin


Xenon Pharmaceuticals Inc (NASDAQ:XENE) stock is soaring today, up 90.8% to trade at $29.76 at last glance, after the company met its main goal in a phase 2 study of its epilepsy treatment XEN1101. Today's pop has XENE nabbing a fresh record high, as well as jumping over a slew of key moving averages and recent pressure at the $19 level. Year-over-year, the equity sports a 162.8% lead.
 
The options pits are bursting with activity. So far, 9,318 calls and 23,000 puts have crossed the tape, with volume pacing for the top percentile of its annual range, and already 10.9 times its usual daily average. The October 25 put is the most popular, followed by the 20 put in the same monthly series, with new positions being opened at both.
 
Plus, Jefferies raised its price target to $50 from $28, which is made more notable by the fact that analysts are already quite bullish on XENE. In fact, all six in coverage sport a "strong buy" rating on the stock, and the pre-adjustment 12-month consensus price target of $39.63 stands at a 33% premium to current levels. 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI