Is XBiotech Inc. (XBIT) a Sell? The Stock Declines Again

XBiotech Inc. (NASDAQ:XBIT) Logo

The stock of XBiotech Inc. (NASDAQ:XBIT) is a huge mover today! The stock decreased 1.59% or $0.14 during the last trading session, reaching $8.66. About 95,697 shares traded. XBiotech Inc. (NASDAQ:XBIT) has declined 7.38% since February 18, 2018 and is downtrending. It has underperformed by 7.38% the S&P500.
The move comes after 8 months negative chart setup for the $310.20 million company. It was reported on Feb, 18 by Barchart.com. We have $7.88 PT which if reached, will make NASDAQ:XBIT worth $27.92 million less.

More notable recent XBiotech Inc. (NASDAQ:XBIT) news were published by: Seekingalpha.com which released: “XBiotech: Strong Upside Potential In Atopic Dermatitis And Hidradenitis Suppurativa – Seeking Alpha” on January 23, 2019, also Globenewswire.com with their article: “Dr. Eric Simpson to Present Bermekimab Results in Atopic Dermatitis at 2019 AAD Annual Meeting – GlobeNewswire” published on January 29, 2019, Benzinga.com published: “Daily Biotech Pulse: Galapagos-Evotec Forge Fibrosis Partnership, Sanofi Earnings, Alector To Debut – Benzinga” on February 07, 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: “Bermekimab Successfully Treats Hidradenitis Suppurativa, Including Significant Reduction in Pain – GlobeNewswire” with publication date: January 23, 2019.

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 $310.20 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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