Biotech Gainers: Xencor Inc (NASDAQ:XNCR), Pacific Biosciences of California (NASDAQ:PACB), Endocyte (NASDAQ:ECYT), Incyte Corporation (NASDAQ:INCY)

Technology Stocks News 14

Xencor, Inc. (NASDAQ:XNCR) is unchanged at $11.73, with 934,368 shares traded. As reported by Zacks, the current mean recommendation for XNCR is in the “strong buy range”. Xencor Inc (NASDAQ:XNCR) stock performance was 11.18% in last session and finished the day at $11.73. Traded volume was 1.86million shares in the last session and the average volume of the stock remained 132.02K shares. Xencor Inc (NASDAQ:XNCR) insider ownership is 31.10%.

High-end sequencing company Pacific Biosciences of California (NASDAQ:PACB) still has much left to prove. The company has done a good job of improving system performance and reliability, but the 800lb gorilla in the sequencing space, Illumina (ILMN), books more orders for both its HiSeq and MiSeq platforms in a quarter than PacBio has installed in the field. Pacific Biosciences of California (NASDAQ:PACB) rose 10.54 percent to $5.35 Monday on volume of 1.47million shares. The intra-day range of the stock was $4.91 to $5.55. Pacific Biosciences of California (NASDAQ:PACB) has a market capitalization of $376.95million.

Endocyte, Inc. (NASDAQ:ECYT) shares fell 4.8% following the announcement of its intention to issue shares and the pricing of the underwritten public offering of its common stock. The company is looking to issue 4.5 million shares at $21 per share. Endocyte Inc (NASDAQ:ECYT) expects gross proceeds of $94.5 million through this offering. Endocyte, Inc. (NASDAQ:ECYT)’s stock on Mar 31, 2014 reported a increase of 8.42% to the closing price of $23.81. Its fifty two weeks range is $8.18 -$33.70. The total market capitalization recorded $863.52million. The overall volume in the last trading session was 2.06million shares. In its share capital, ECYT has 36.27million outstanding shares.

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Incyte Corporation (NASDAQ:INCY) was identified as having a larger market cap than the smaller end of the S&P 500, for example Molson Coors Brewing Co. (TAP_), according to The Online Investor. On Monday, shares of Incyte Corporation (NASDAQ:INCY) advanced 7.17% to close the day at $53.52. Company return on investment (ROI) is -3.40% and its monthly performance is recorded as -16.71%. Incyte Corporation (NASDAQ:INCY) quarterly revenue growth is 7.66%.

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