Equities research analysts at StockNews.com initiated coverage on shares of Clovis Oncology (NASDAQ:CLVS – Get Rating) in a research report issued on Thursday. The brokerage set a "hold" rating on the biopharmaceutical company's stock.

Separately, JPMorgan Chase & Co. cut Clovis Oncology from a "neutral" rating to an "underweight" rating in a research note on Wednesday, November 9th.

Clovis Oncology Trading Down 7.0 %

Shares of CLVS opened at $0.08 on Thursday. The firm has a fifty day moving average price of $0.43 and a 200-day moving average price of $1.12. The firm has a market capitalization of $11.60 million, a P/E ratio of -0.04 and a beta of 0.24. Clovis Oncology has a 12-month low of $0.08 and a 12-month high of $3.32.

Institutional Investors Weigh In On Clovis Oncology

Hedge funds have recently made changes to their positions in the stock. First Republic Investment Management Inc. purchased a new stake in shares of Clovis Oncology during the first quarter valued at about $27,000. Mirabella Financial Services LLP purchased a new position in Clovis Oncology during the first quarter valued at approximately $36,000. Objective Capital Management LLC acquired a new stake in Clovis Oncology during the second quarter valued at $44,000. Bank of Montreal Can acquired a new stake in Clovis Oncology in the first quarter valued at approximately $48,000. Finally, Virtu Financial LLC acquired a new position in shares of Clovis Oncology during the 3rd quarter worth about $64,000. 24.53% of the stock is currently owned by hedge funds and other institutional investors.

About Clovis Oncology

(Get Rating)

Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.

Featured Stories

• Get a free copy of the StockNews.com research report on Clovis Oncology (CLVS)
• Bloom Energy Powers Up After an Upgrade, is it Worth the Risk?
• Why Hershey Is a Sweet Recession Stock
• Will Amazon Stock Be Delivering for Investors in 2023?
• The Analysts Shift Trucking Sentiment Back into Forward
• The Institutions Book A Flight With Boeing

Receive News & Ratings for Clovis Oncology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clovis Oncology and related companies with MarketBeat.com's FREE daily email newsletter.