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Investors boost holdings in Regeneron after strong earnings and dividend announcement.
Kornitzer Capital Management Inc. and other investors have increased their holdings in Regeneron Pharmaceuticals.
The biopharmaceutical company reported earnings of $12.07 per share, beating estimates, and declared a quarterly dividend of $0.88.
Regeneron, known for its EYLEA injection for treating various eye diseases, has institutional investors owning 83.31% of its stock.
Shares opened at $685.66, with a consensus rating of "Moderate Buy" and a price target of $973.13.
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Los inversores impulsan las tenencias en Regeneron después del fuerte anuncio de ganancias y dividendos.