Indivior PLC (NASDAQ:INDV - Get Free Report)'s share price traded down 4.7% during mid-day trading on Wednesday . The stock traded as low as $10.92 and last traded at $10.86. 350,553 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,104,098 shares. The stock had previously closed at $11.40.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Rodman & Renshaw assumed coverage on Indivior in a research note on Tuesday, January 28th. They set a "buy" rating and a $16.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and set a $16.00 target price (up from $15.00) on shares of Indivior in a research report on Friday, October 25th. Finally, RODMAN&RENSHAW upgraded Indivior to a "strong-buy" rating in a report on Tuesday, January 28th.
Check Out Our Latest Analysis on Indivior
Indivior Stock Down 10.0 %
The company has a market cap of $1.32 billion, a P/E ratio of -239.44 and a beta of 0.73. The business's 50 day moving average is $11.77 and its 200 day moving average is $11.05.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Indivior during the 4th quarter worth approximately $56,000. Stifel Financial Corp purchased a new position in shares of Indivior during the third quarter worth $100,000. Melqart Asset Management UK Ltd purchased a new stake in Indivior in the third quarter valued at $132,000. Jane Street Group LLC purchased a new position in shares of Indivior during the 3rd quarter valued at about $180,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Indivior in the 3rd quarter valued at about $294,000. Hedge funds and other institutional investors own 60.33% of the company's stock.
Indivior Company Profile
(
Get Free Report)
Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.
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