Health and Healthcare

Ebola Stocks on the Move

Investors fan the flames of Ebola fears in the market, enabling these biotech companies to profit from these fears. Ultimately these fears and some hopes of potential contracts or increased orders have been accounted for and prices have risen as a result in some of the key Ebola stocks.

Allied Healthcare Products Inc. (NASDAQ: AHPI) saw its shares rise over 44% to $3.12 from the previous close of $2.16. The company is a manufacturer of respiratory therapy and emergency medical supplies. It would appear that Allied Healthcare has gotten a piece of the Ebola pie with its emergency and respiratory equipment. Its stock has a consensus analyst price target of $4.51 and a 52-week trading range of $1.60 to $3.90.

Chimerix Inc. (NASDAQ: CMRX) saw its shares rise over 8% to $34.94 from the previous close of $32.18. Chimerix is a biopharmaceutical company that discovers and develops oral antivirals. The company recently announced that brincidofovir has been provided for potential use with patients with Ebola. Emergency Investigational New Drug Applications (EIND) were granted by the U.S. Food and Drug Administration (FDA). The company’s stock has a 52-week trading range of $12.96 to $36.45.

ALSO READ: 9 High-Yield Dividends for Risk Takers

iBio Inc. (NYSEMKT: IBIO) saw its shares rise roughly 33% to $1.84, from its previous close $1.39, Thursday on more developments in the fight against Ebola. The company announced that in collaboration with Caliber Biotherapeutics, it will help the in the government effort to ramp up production of Ebola-related drugs. iBio uses the iBioLaunch platform, which is a proprietary gene expression technology capable of producing high levels of target proteins in plants. Ultimately these proteins are used to create vaccines and can be produced quickly and efficiently. Using this technology iBio can bring its Ebola treatment to market quicker than expected. iBio’s shares have a consensus analyst price target of $3.00 and a 52-week trading range of $0.24 to $1.57.

Lakeland Industries Inc. (NASDAQ: LAKE) saw its shares rise about 3% to $24.27 from its previous close $23.60. It has been a major beneficiary of the U.S. “Ebola outbreak,” seeing its shares rise about 240% since the beginning of the scare. Lakeland primarily produces protective clothing, ranging from firefighting-suits to hazmat suits. As fears of Ebola continue to ramp up, hazmat suits will continue to be in demand. Shares of Lakeland have a consensus analyst price target of $7.35 and a 52-week trading range of $4.75 to $29.55.

Sarepta Therapeutics Inc. (NASDAQ: SRPT) saw its shares gain over 6% to $22.23 from the previous closing price of $20.91. Sarepta is a medical research and drug development company. It has also joined in on riding the Ebola wave. Sarepta’s treatment is considered one of the more promising Ebola treatments, as its tests with monkeys were shown to have a 60% to 80% success rate. Shares a consensus analyst price target of $37.94 and a 52-week trading range of $12.12 to $47.60.

Tekmira Pharmaceuticals Corp. (NASDAQ: TKMR) saw its shares fall over 2% to $23.25 from the previous close of $23.90. Tekmira is a Canadian company that is currently developing an experimental Ebola treatment. The FDA announced in August that it would give Tekmira the go-ahead to begin treating human patients who were infected with the Ebola virus with its experimental treatment. The stock has a consensus analyst price target of $27.54 and a 52-week trading range of $7.17 to $31.48.

ALSO READ: Top Biotech Stocks Could Explode Higher After Huge Sell-Off

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans  set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.