Top 4 Movers in Friday’s Session

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By Chris Lange Published
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The broad markets are down across the board in Friday’s trading session with the Dow down nearly 1.5%. Traders expected increased volatility in this session, being that this is the Friday before a holiday weekend. Not to mention some suspect that a Federal Reserve rate hike is on the horizon as well.

24/7 Wall St. has put together a few stocks that are on the move in the market and provided some color and background information on each, including the consensus price target and range.

KaloBios Pharmaceuticals Inc. (NASDAQ: KBIO) saw its shares soar in Friday’s session, extending its breakout from Thursday. The company is initiating an open-label Phase 1 study designed to evaluate the safety, pharmacokinetics and clinical activity of KB003 in previously treated chronic myelomonocytic leukaemia patients. Also its KB004 is currently in clinical development in the Phase 2 expansion portion of an open-label Phase 1/2 study in hematologic malignancies. Shares of KaloBios were up 51% to $4.58 on Friday. The stock has a consensus analyst price target of $5.00 and a 52-week trading range of $1.71 to $17.20.

Netflix Inc. (NASDAQ: NFLX) is continuing to crumble from its all-time high set earlier this summer. Some traders believe that Netflix is currently in a bear market. And with a high price-to-earnings (P/E) ratio at 451 against 2015 expected earnings, the stock will not fare well if it is in fact in a bear market. Netflix shares were down 1.8% to $99.20. The stock has a consensus price target of $118.70 and a 52-week range of $45.08 to $129.29.

ALSO READ: 5 Analyst Stocks With Massive Upside Calls This Week

Joy Global Inc. (NYSE: JOY) was absolutely decimated in Thursday’s session. Shares closed down 14.6% after catastrophic earnings. In Friday’s session, traders corrected the downturn and shares bounced. Shares of Joy were up 3.3% to $19.53. The consensus analyst price target is $34.56, and the 52-week range is $17.70 to $60.53.

BP PLC (NYSE: BP) has been the victim of the oil trade this week. Crude oil prices skyrocketed around 8% on Monday and nearly broke the $50 mark. However, since then prices have crumbled and then recovered back to the $46 level. This volatility has called into question the viability of major oil companies, and BP appears to be the hardest hit in Friday’s session. Shares of BP were down 4.7% at $30.89. The consensus price target is $41.21, and the 52-week range is $30.53 to $48.11.

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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