AstraZeneca (NASDAQ:AZN) Shares Gap Down - Here's Why

Market Beat
2024.11.05 19:06
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AstraZeneca (NASDAQ:AZN) shares gapped down before trading, opening at .14 after closing at .43. The stock last traded at .72 with a volume of over 2 million shares. Analysts have mixed ratings: TD Cowen upgraded to "buy," Deutsche Bank downgraded to "sell," and Erste Group Bank upgraded to "buy." The consensus rating is "Moderate Buy" with a target price of .75. Institutional investors hold 20.35% of the stock. AstraZeneca focuses on biopharmaceuticals, with a market cap of .59 billion and a P/E ratio of 32.11.