{"id":16644,"date":"2014-03-06T09:06:29","date_gmt":"2014-03-06T14:06:29","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=16644"},"modified":"2014-03-06T07:26:17","modified_gmt":"2014-03-06T12:26:17","slug":"arrowhead-research-corp-nasdaqarwr-hits-a-five-year-high","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/arrowhead-research-corp-nasdaqarwr-hits-a-five-year-high-16644","title":{"rendered":"Arrowhead Research Corp (NASDAQ:ARWR) Hits a Five Year High"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 03\/06\/2014 (wallstreetpr) &#8211; <b>Arrowhead Research Corp (NASDAQ:ARWR) <\/b>which is a nanomedicine company that develops RNAI-based therapeutic products hit a five year high on Tuesday after a massive exchange of its shares. Arrowhead surged by highs of 29% after RBC Capital analysts Michael Yee and Deutsche bank initiated coverage of the company\u2019s stock.<\/p>\n<p style=\"text-align: justify;\">RBC capital have an outperform rating on the company stock something that should excite investors in the market considering they also raised the company\u2019s share price target to $35 up from the current trading range of $26.31. RBC capital price target essentially means the company\u2019s stock has an upside of 66% based on Tuesday closing price.<\/p>\n<p style=\"text-align: justify;\">The coverage by RBC capital and Deutsche Bank could not have come at a better time considering the company recently received an ok to continue with phase trial of its hepatitis-B drug ARC-520. There is huge belief in the market that the company could get a breakthrough in the market if ARC-520 reports positive results with the trial.<\/p>\n<p style=\"text-align: justify;\"><b>Arrowhead ratings in the market<\/b><\/p>\n<p style=\"text-align: justify;\">Arrowhead Research Corp (NASDAQ:ARWR) has been the subject of recent ratings by research firms in the market, analysts at Jefferies Group have already raised the company stock price target from lows of $15 to highs of 30. Five research companies currently rate the stock as a buy with the company commanding an average rating of a buy with an average price target of $25.7. Deutsche bank currently rate Arrowhead as a buy with a high price target of $45, with the bank projecting that the company annual sales could clock highs of $5.2 billion in the current fiscal year<\/p>\n<p style=\"text-align: justify;\">Arrowhead Research Corp (NASDAQ:ARWR)\u2019s 6.9 million shares exchange hands on Tuesday trading session with the company closing the day at highs of $26.31 after moving up by $24.46%. The company currently commands a 50 day moving average of $16.79 with a 200 day average of $9. Its market cap currently stands at $1.032 billion<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 03\/06\/2014 (wallstreetpr) &#8211; Arrowhead Research Corp (NASDAQ:ARWR) which is a nanomedicine company that develops RNAI-based therapeutic products hit a five year high on [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":16660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3137,3138],"stock_ticker":[],"class_list":["post-16644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-arrowhead-research-corp-nasdaqarwr","tag-nasdaqarwr","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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