Fears of Ebola have plagued the United States since late September, and some biotech companies have capitalized on this fear. 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. We have updated the prices to compensate for premarket and price changes after the opening bell.
In Monday’s premarket trading, iBio Inc. (NYSEMKT: IBIO) has been the biggest winner, up more than 80% to $2.66 from Friday’s close of $1.47. This is on the heels of Friday’s rally of more than 80% from its Thursday close of $0.80. The company is reported to be a player in a government effort to ramp up production of an Ebola-related drug, ZMapp. 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. By partnering with Mapp Biopharmaceuticals, the producer of ZMapp, they can bring its Ebola treatment to market quicker than previously 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. UPDATE: iBio shares were up 80% at $2.66 right after the open.
Lakeland Industries Inc. (NASDAQ: LAKE) has been another beneficiary of the “Ebola outbreak.” This hazmat-suit maker has seen its stock shoot up roughly 216% to a high on Friday of $21.94 from its close on September 30 of $6.95. In Monday’s premarket, the stock was up about 16% to $22.80 from the previous close of $19.63. Shares of Lakeland have a consensus analyst price target of $7.35 and a 52-week trading range of $4.75 to $21.94. UPDATE: The stock was up 7.5% at $21.15 shortly after the open.
ALSO READ: UBS Very Positive on Top Biotech Stocks Ahead of Earnings
Allied Healthcare Products Inc. (NASDAQ: AHPI) saw its shares take a large uptick on Friday, gaining 78% to reach $3.30 from the previous close of $1.85. This rally continued into the premarket Monday as shares were up another 10% to $3.65. Allied Healthcare is a manufacturer of respiratory therapy and emergency medical supplies. It would appear that the company has finally received recognition for what role it can play in this Ebola saga 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. UPDATE: Allied shares were down 2% at $3.23 shortly after the open.
Tekmira Pharmaceuticals Corp. (NASDAQ: TKMR) shares were correcting in Monday’s premarket after taking a hit on Friday. Shares were down roughly 4% to close at $22.80 on Friday, while they gained almost 6% in the premarket to $24.14 on Monday. The company’s shares have a consensus analyst price target of $27.54 and a 52-week trading range of $7.17 to $31.48. UPDATE: Tekmira shares were up 2.6% at $23.29 right after the open.
Sarepta Therapeutics Inc. (NASDAQ: SRPT) was up only about 1.8% at $19.19 shortly after the open.
ALSO READ: 9 High-Yield Dividends for Risk Takers
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
