JPMorgan Starts Coverage on ChemoCentryx, Inc. (CCXI) at 'Overweight'; Shares Get Boost

March 19, 2012 3:34 PM EDT
Get Alerts CCXI Hot Sheet
Price: $14.07 --0%

Rating Summary:
    4 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 25
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Shares of ChemoCentryx, Inc. (Nasdaq: CCXI) are getting a boost from JPMorgan's initiation of coverage (at Overweight) this morning. The stock is up 2% heading into the close.

CCIX began trading back on Feb 8, 2012, getting as high as $12.77, before settling back down at $11. Since then, shares have been stuck between $10-11.70 with extrememly light volume.

ChemoCentryx, Inc. is a bio-pharmaceutical company that is focused on discovering, developing and commercializing orally-administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer.


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