MannKind Corporation (NASDAQ:MNKD) registered a 9.61% increase, still its new closing price is 71.71% up from the company’s 1 year high of 2.24.It posted 5.11% gains in previous 5 sessions and is now the subject of 0 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 2 stock analysts following this company have an average price target at $0.10, with individual PT in the $0.10-$0.10 range. The shares moved at $0.70, implying that brokerage firms see shares losing about -36.00% in twelve months time.
MannKind Corporation (MNKD) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 10.57% rise year to date. A CEO, CFO, Director at MannKind Corporation (MNKD) acquired shares in a transaction closed on Tuesday January 03, 2017. PFEFFER MATTHEW J bought 4,540 shares in the company at $0.54 each and collected $2,000 in proceeds. PFEFFER MATTHEW J now owns 403,085 shares in the company after this transaction. A SVP, Prin Acctg Officer in the company, Alinaya Rosabel Realica, disclosed a transaction on Tuesday January 03, 2017 that ended up paying $4,001 from the purchase of 9,043 shares at $0.54 per share.
MannKind Corporation (NASDAQ:MNKD) Upcoming Results on Tap
MannKind Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.04 in that period. Sales during the quarter are predicted to arrive at $32.6 million.
MannKind Corporation (MNKD) Brokerage Update
MannKind Corporation (MNKD) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Outperform by RBC Capital Mkts, according to news reported on Wednesday November 04, 2015.Another important research note was issued by Piper Jaffray on Wednesday September 09, 2015.The firm downgraded MNKD to Underweight from Neutral. Over the last six months and over the last three months, the shares of MannKind Corporation (MNKD), have changed -30.98% and 56.27%, respectively.