Trader Alert: Unusual Volume Spotted in Exact Sciences Corporation (NASDAQ:EXAS)

Jeannie Matthews
January 13, 2018

While the stock price moved along with the volume change, shares are touching $52.62. Eagle Asset Management Inc. now owns 1,857,185 shares of the medical research company's stock worth $65,688,000 after purchasing an additional 304,598 shares during the period. Lau Associates Llc who had been investing in Incyte Corp for a number of months, seems to be bullish on the $19.85 billion market cap company. The stock appeared $63.60 above its 52-week highs and is down -1.92% for the last five trades. LLC now owns 3,900,300 shares of the company's stock valued at $72,429,000 after buying an additional 2,287,290 shares during the period. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since January 13, 2017 and is downtrending. It has outperformed by 24.43% the S&P500.

Additionally, according to the most recent 13F filing from Exact Sciences Corporation (EXAS), there were 51 new positions totaling 1,749,221 shares of the company's stock. The Green Valley Investors Llc holds 965,350 shares with $45.49 million value, up from 590,684 last quarter.

Exact Sciences Corporation is a molecular diagnostics company focused on the early detection and prevention of some forms of cancer. The stock decreased 4.18% or $2.3 during the last trading session, reaching $52.76. About 6.36M shares traded or 233.28% up from the average.

Current levels places Exact Sciences Corporation (NASDAQ:EXAS)'s stock about -17.26% from the 50-day high and 8.83% away from the 50-day low. It has outperformed by 441.54% the S&P500.

Investors might also notice that three month ago the Buy recommendations (4) outnumbered Sell recommendations (1). Its down 0.26, from 1.27 in 2017Q2. 44 funds opened positions while 77 raised stakes. 350 were reported by Financial Architects Incorporated. M&T Financial Bank holds 13,683 shares. 118,748 are held by Driehaus Mgmt Limited Liability. Swiss Bankshares reported 196,719 shares. Prudential Fin reported 89,069 shares. Chicago Equity Prtnrs Lc owns 49,065 shares or 0.07% of their U.S. portfolio. Next Century Growth Limited Liability Co has invested 0.94% of its portfolio in Exact Sciences Corporation (NASDAQ:EXAS). Sei Invests stated it has 43,566 shares. The company had a trading volume of 1,250,507 shares. Zacks Investment Research raised Exact Sciences Corporation from a "hold" rating to a "buy" rating and set a $16.00 price objective on the stock in a research report on Tuesday, December 6th. Winslow Evans Crocker holds 0.02% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 9,848 shares. Goldman Sachs maintained Exact Sciences Corporation (NASDAQ:EXAS) on Monday, August 15 with "Neutral" rating. Tiaa Cref Limited Liability Corp owns 330,288 shares. BidaskClub upgraded shares of EXACT Sciences from a "hold" rating to a "buy" rating in a report on Thursday, December 21st. Therefore 56% are positive. William Blair reiterated a "buy" rating on shares of EXACT Sciences in a research report on Wednesday. The stock has "Buy" rating by Jefferies on Friday, September 22. The company maintains price to book ratio of 12.24 industry average at 26.34. The firm has "Buy" rating by Craig Hallum given on Wednesday, July 26. The rating was maintained by Leerink Swann with "Outperform" on Tuesday, October 31. The firm has "Buy" rating given on Wednesday, June 7 by Canaccord Genuity. Following the sale, the insider now directly owns 237,820 shares in the company, valued at approximately $13,857,771.40. It also increased its holding in Burlington Stores Inc (NYSE:BURL) by 38,100 shares in the quarter, for a total of 440,700 shares, and has risen its stake in Illinois Tool Wks Inc (NYSE:ITW).

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Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $10.27 million activity. Janney Montgomery Scott Lc owns 0.02% invested in Exact Sciences Corporation (NASDAQ:EXAS) for 33,678 shares. Insiders own 4.00% of the company's stock. WALSH JEFFREY R sold 5,000 shares worth $344,870. Following the completion of the transaction, the senior vice president now directly owns 37,558 shares in the company, valued at $1,973,297.32.

Among 39 analysts covering Viacom Inc. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has "Buy" rating by Wells Fargo on Monday, October 2.

The stock of Viacom, Inc. Roth Capital downgraded the stock to "Neutral" rating in Thursday, February 25 report. (NYSE:C) on Sunday, July 16 with "Buy" rating. That puts the market capitalization at $6.56 bln. The company was maintained on Monday, May 2 by Deutsche Bank. (NYSE:C) earned "Sell" rating by UBS on Wednesday, January 11.

Analysts await Viacom, Inc. They expect $2.87 earnings per share, up 16.19% or $0.40 from last year's $2.47 per share. After $0.77 actual earnings per share reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 29.87% EPS growth.

Investors sentiment increased to 1.35 in Q3 2017. During the same period in the prior year, the company posted ($0.36) earnings per share. The New York-based Quinn Opportunity Partners Ltd Llc has invested 3.32% in Citigroup Inc. Archford Strategies Ltd holds 0.17% or 68,399 shares. (NYSE:C) for 8.65M shares. D E Shaw And Inc has 0.01% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 577,122 shares.

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