Vanda Pharmaceuticals Inc

NASDAQ: VNDA
$4.56
-$0.07 (-1.5%)
Closing price April 24, 2024
Vanda Pharmaceuticals Inc is a biopharmaceutical company dedicated to creating treatments for a variety of health conditions with unmet medical needs around the globe. It markets HETLIOZ for non-24-hour sleep-wake disorders and Fanapt for schizophrenia. The company is also developing treatments for conditions like jet lag, insomnia, bipolar I disorder, and Parkinson’s disease psychosis, among others. Additionally, Vanda is working on therapies for gastroparesis, motion sickness, and certain dermatological and respiratory conditions. Founded in 2002, Vanda is based in Washington, D.C.
The top analyst upgrades, downgrades and initiations seen on Thursday morning include American Express, Encana, Petrobras, Raytheon, Tesla and Walgreens.
Given the fact that insider sales windows are closing fast as third-quarter earnings are imminent, it is pretty easy to understand the spike in selling volume we saw this past week.
Once again insiders were making transactions that may be getting done now in an effort to beat the closure of trading windows as third-quarter earnings season approaches.
Jefferies believes most of the significant biotech downside already occurred, though volatility could continue in the near term.
One interesting tidbit to this week's insider trading was all the energy stocks that are showing up. It is clear many insiders feel the bottom is close and now is the time to buy shares.
Monday's top analyst upgrades and downgrades include Amazon.com, BlackBerry, F5 Networks, J.P. Morgan, Juniper Networks and United Continental.
The analysts at Piper Jaffray have returned from meeting with some of the top biotechs the cover, and they have gleaned some interesting morsels that could be huge as the year wears on.
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