Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Lion Biotechnologies (NASDAQ:IOVA) Stock Price

News articles about Lion Biotechnologies (NASDAQ:IOVA) have trended somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lion Biotechnologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the biotechnology company an impact score of 45.7685406456812 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s analysis:

IOVA has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $11.00 target price on shares of Lion Biotechnologies in a report on Thursday, May 18th. FBR & Co restated a “buy” rating on shares of Lion Biotechnologies in a report on Thursday, May 18th. Chardan Capital restated a “buy” rating on shares of Lion Biotechnologies in a report on Wednesday, May 17th. Cowen and Company restated a “buy” rating on shares of Lion Biotechnologies in a report on Saturday, May 20th. Finally, Zacks Investment Research upgraded shares of Lion Biotechnologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.88.

Shares of Lion Biotechnologies (NASDAQ:IOVA) traded up 2.76% during mid-day trading on Wednesday, reaching $7.45. 467,480 shares of the company were exchanged. Lion Biotechnologies has a 12 month low of $4.45 and a 12 month high of $8.61. The firm’s market capitalization is $467.02 million. The company’s 50-day moving average is $5.61 and its 200 day moving average is $6.42.

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Lion Biotechnologies Company Profile

Iovance Biotherapeutics, Inc, formerly Lion Biotechnologies, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead program is an adoptive cell therapy utilizing tumor-infiltrating lymphocytes, which are T cells derived from patients’ tumors, for the treatment of metastatic melanoma.

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