
Why Corcept Therapeutics (CORT) Is Up 8.4% After Mixed Q3 Results And Insider Share Sale

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Corcept Therapeutics' stock rose 8.4% after reporting Q3 earnings that beat expectations despite revenue shortfall. CEO Joseph K. Belanoff sold 40,000 shares. Analyst H.C. Wainwright remains positive on Corcept's long-term growth despite current challenges. The company updated its 2025 revenue guidance to $800-$850 million. Investors should consider Korlym commercialization risks and ongoing patent litigation with Teva. Corcept's narrative projects $2 billion revenue by 2028, with a fair value estimate of $134.50 per share, indicating a 56% upside.
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