Achillion equity offering reduces finance concerns, says RW Baird at RW Baird Baird believes Achillion's secondary offering will reduce concerns surrounding its finances and remains bullish on the shares. The firm noted the company's guidance and pipeline updates and believes the shares are at an attractive entry point. Baird continues to believe Achillion will play a meaningful role in the Hep commercial landscape. Shares are Outperform rated with a $16 price target.
Achillion March calls active on renewed takeover chatter Achillion March 14 and April 15 calls are active on total call volume of 1,600 contracts (100 puts) on renewed takeover chatter. February weekly call option implied volatility is at 82, March and April is at 79, June is at 81; compared to its 10-week average of 81 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.