The stock of XBiotech Inc. (NASDAQ:XBIT) is a huge mover today! The stock increased 16.30% or $1.18 during the last trading session, reaching $8.42. About 450,121 shares traded or 379.90% up from the average. XBiotech Inc. (NASDAQ:XBIT) has declined 7.38% since February 5, 2018 and is downtrending. It has underperformed by 7.38% the S&P500.
The move comes after 6 months positive chart setup for the $301.60 million company. It was reported on Feb, 5 by Barchart.com. We have $9.09 PT which if reached, will make NASDAQ:XBIT worth $24.13M more.
More notable recent XBiotech Inc. (NASDAQ:XBIT) news were published by: Seekingalpha.com which released: “Bounce/Lag Momentum – Winning Stocks In A Market Downturn – Seeking Alpha” on December 23, 2018, also Globenewswire.com with their article: “XBiotech Highlights Quarterly Developments Nasdaq:XBIT – GlobeNewswire” published on August 10, 2018, Seekingalpha.com published: “XBiotech: Strong Upside Potential In Atopic Dermatitis And Hidradenitis Suppurativa – Seeking Alpha” on January 23, 2019. More interesting news about XBiotech Inc. (NASDAQ:XBIT) were released by: Nasdaq.com and their article: “Dr. Alice Gottlieb to Present Hidradenitis Suppurativa Findings at American Academy of Dermatology Annual Meeting – Nasdaq” published on January 28, 2019 as well as Globenewswire.com‘s news article titled: “XBiotech Announces Dismissal of Securities Class Action Suit – GlobeNewswire” with publication date: October 24, 2018.
XBiotech Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases. The company has market cap of $301.60 million. The companyÂ’s lead product is Xilonix, which is also known as MABp1, a therapeutic antibody that neutralizes interleukin-1 alpha, which has completed Phase III clinical trial in Europe for the treatment of symptomatic and advanced colorectal cancer. It currently has negative earnings. It has also investigating its lead product candidate in various clinical trials for other inflammatory conditions, including vascular disease, type II diabetes, acne, psoriasis, pyoderma gangrenosum, and hidradenitis suppurativa, as well as staphylococcus aureus infection, influenza, and clostridium difficile infection diseases.
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