Trevena, Inc. (TRVN) skyrockets 20.74% since hitting worst price of $1.35

Trevena, Inc. (NASDAQ:TRVN) is now up 20.74% compared to a 12-month low of $1.35. We have seen the price to move -7.91% lower and get settled at $1.63 on 11/27/2017. At recent session, it appeared stuck in a range of $1.6 to $1.74. This company shares are 387.12% off its target price of $7.94 and the current market capitalization stands at $92.37M. The recent change has given its price a -17.81% deficit over SMA 50 and -79.63% deficit over its 52-week high. The stock witnessed 5.16% gains, -31.22% declines and -32.08% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TRVN’s volatility during a week at 7.93% and during a month it has been found around 9.15%.

Trevena, Inc. (TRVN) Top Holders

Institutional investors currently hold around $62 million or 66.7% in TRVN stock. Look at its top three institutional owners. Wellington Management Group Llp owns $13.13 million in Trevena, Inc., which represents roughly 14.22% of the company’s market cap and approximately 21.18% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 4,215,156 shares of the stock are valued at $7.46 million. The third largest holder is Blackrock Inc., which currently holds $7.16 million worth of this stock and that ownership represents nearly 7.75% of its market capitalization.

Trevena, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 36 institutional holders increased their position in Trevena, Inc. (NASDAQ:TRVN) by some 1,223,409 shares, 24 decreased positions by 2,036,216 and 29 held positions by 31,753,939. That puts total institutional holdings at 35,013,564 shares, according to SEC filings. The stock grabbed 7 new institutional investments totaling 275,021 shares while 6 institutional investors sold out their entire positions totaling 434,543 shares.

Trevena, Inc. (NASDAQ:TRVN) Insider Trades

Multiple company employees have indulged in significant insider trading. Trevena, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. VP, Research & CSO Lark Michael W. has sold 23,699 shares of Trevena, Inc. (TRVN) in trading session dated Feb. 10, 2017. These shares are worth $189,592 and were traded at $8 each. The SEC filing shows that Bourdow Carrie L. performed a purchase of 4,000 shares. The SVP, Chief Commercial Officer added these shares by way of transaction on Nov. 09, 2016. The company’s shares were assimilated at $4.34 per share worth to an investment of some $17,360 on account of Bourdow Carrie L..

President & CEO, Gowen Maxine, purchased 12,500 common shares of Trevena, Inc. (TRVN) in the open market. In a transaction dated Nov. 07, 2016, the shares were bought at an average price of $4.1, giving away a sum of $51,250. After this purchase, 309,609 common shares of TRVN are directly owned by the insider, with total stake valued at $504,663.

In the transaction dated Nov. 07, 2016, the great number of shares acquired came courtesy the SVP, Bus Dev & Corp Planning; Habib Yacoub added a total of 5,000 shares at an average price of $4.12, amounting to approximately $20,600. The insider now directly owns 5,000 shares worth $8,150.

Trevena, Inc. (TRVN) Analyst Guide

Several analysts have released their opinion on Trevena, Inc. (NASDAQ:TRVN), with 5 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.43 average brokerage recommendation.

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