argenx SE’s (ARGX) Lock-Up Period Set To Expire Tomorrow

argenx SE’s (NASDAQ:ARGX) lock-up period is set to expire on Tuesday, November 14th. argenx SE had issued 5,865,000 shares in its initial public offering on May 18th. The total size of the offering was $99,705,000 based on an initial share price of $17.00. After the end of argenx SE’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

A number of research analysts recently issued reports on ARGX shares. Zacks Investment Research downgraded shares of argenx SE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Cowen and Company reiterated a “buy” rating on shares of argenx SE in a research note on Thursday, August 24th.

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argenx SE (ARGX) opened at $24.15 on Monday. argenx SE has a 12 month low of $17.33 and a 12 month high of $27.25.

Hedge funds have recently added to or reduced their stakes in the business. Nicholas Investment Partners LP acquired a new stake in argenx SE during the second quarter worth approximately $236,000. DAFNA Capital Management LLC acquired a new stake in argenx SE during the second quarter worth approximately $848,000. Artal Group S.A. acquired a new stake in argenx SE during the third quarter worth approximately $1,229,000. Tekla Capital Management LLC acquired a new stake in argenx SE during the second quarter worth approximately $1,591,000. Finally, AWM Investment Company Inc. acquired a new stake in argenx SE during the second quarter worth approximately $2,121,000. 24.70% of the stock is currently owned by institutional investors.

About argenx SE

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company’s lead clinical stage product candidates include ARGX-113, a product in Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis and immune thrombocytopenia; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of hematological cancers, such as T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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