Cipher Pharmaceuticals Inc (CPH) Trading Up -4.8%

Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) shares traded up 4.8% during trading on Tuesday . The company traded as high as C$4.63 and last traded at C$4.38. 31,105 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 15,840 shares. The stock had previously closed at C$4.60.

A number of research analysts recently commented on the company. TD Securities reduced their target price on Cipher Pharmaceuticals from C$6.50 to C$5.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Bloom Burton cut Cipher Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Monday, August 14th.

In related news, Director Harold Morton Wolkin acquired 35,000 shares of Cipher Pharmaceuticals stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of C$4.69 per share, with a total value of C$164,150.00.

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Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals Inc, together with its subsidiaries, operates as a specialty pharmaceutical dermatology company in South America, Canada, and the United States. It offers CIP-ISOTRETINOIN, a formulation of the active ingredient isotretinoin for use in the treatment of severe acne; CIP-FENOFIBRATE, a formulation of the active ingredient fenofibrate used for the treatment of hyperlipidemia, a cholesterol disorder; and CIP-TRAMADOL ER, a formulation of the active ingredient tramadol for the management of moderate to moderately severe pain.

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