ProAssurance (PRA) Forms $49.90 Double Bottom; Intellia Therapeutics (NTLA) Shorts Increased By 6.35%

March 8, 2018 - By Annabelle Johnson

Intellia Therapeutics Inc (NASDAQ:NTLA) had an increase of 6.35% in short interest. NTLA’s SI was 4.07 million shares in March as released by FINRA. Its up 6.35% from 3.83M shares previously. With 1.06 million avg volume, 4 days are for Intellia Therapeutics Inc (NASDAQ:NTLA)’s short sellers to cover NTLA’s short positions. The SI to Intellia Therapeutics Inc’s float is 20.86%. The stock increased 5.60% or $1.56 during the last trading session, reaching $29.43. About 1.75 million shares traded or 79.88% up from the average. Intellia Therapeutics Inc. (NASDAQ:NTLA) has declined 46.16% since March 8, 2017 and is downtrending. It has underperformed by 62.86% the S&P500.

ProAssurance Corporation (PRA) formed double bottom with $46.91 target or 6.00% below today’s $49.90 share price. ProAssurance Corporation (PRA) has $2.67B valuation. The stock increased 1.63% or $0.8 during the last trading session, reaching $49.9. About 254,508 shares traded or 11.64% up from the average. ProAssurance Corporation (NYSE:PRA) has risen 27.28% since March 8, 2017 and is uptrending. It has outperformed by 10.58% the S&P500.

Intellia Therapeutics Inc., a gene editing company, focuses on the development of therapeutics utilizing a biological tool known as the CRISPR/Cas9 system. The company has market cap of $1.25 billion. The firm develops in vivo programs focused on liver diseases, including transthyretin amyloidosis, alpha-1 antitrypsin deficiency, hepatitis B virus, and inborn errors of metabolism programs. It currently has negative earnings. The Company’s ex vivo pipeline includes proprietary and partnered programs focuses on chimeric antigen receptor T cells and hematopoietic stem cells.

Among 4 analysts covering Intellia Therapeutics (NASDAQ:NTLA), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Intellia Therapeutics had 5 analyst reports since May 31, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 5 by Jefferies. Credit Suisse initiated Intellia Therapeutics Inc. (NASDAQ:NTLA) on Tuesday, May 31 with “Outperform” rating. Jefferies initiated it with “Hold” rating and $33 target in Tuesday, May 31 report. On Tuesday, May 31 the stock rating was initiated by Wedbush with “Outperform”. The firm has “Outperform” rating by Leerink Swann given on Friday, August 5.

Among 5 analysts covering ProAssurance (NYSE:PRA), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. ProAssurance had 9 analyst reports since January 21, 2016 according to SRatingsIntel. The stock of ProAssurance Corporation (NYSE:PRA) earned “Hold” rating by Keefe Bruyette & Woods on Monday, December 4. Boenning & Scattergood maintained the stock with “Hold” rating in Tuesday, August 1 report. SunTrust upgraded the stock to “Buy” rating in Thursday, January 21 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, August 17. The firm earned “Hold” rating on Thursday, February 22 by Sandler O’Neill. The stock of ProAssurance Corporation (NYSE:PRA) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. As per Thursday, January 21, the company rating was upgraded by Suntrust Robinson. Keefe Bruyette & Woods maintained it with “Hold” rating and $61.0 target in Wednesday, September 20 report. The rating was maintained by SunTrust on Thursday, February 22 with “Buy”.

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.15, from 1.23 in 2017Q2. It is negative, as 23 investors sold ProAssurance Corporation shares while 57 reduced holdings. 25 funds opened positions while 73 raised stakes. 42.59 million shares or 0.04% more from 42.58 million shares in 2017Q2 were reported. Rafferty Asset Mgmt Limited Liability Corp reported 8,761 shares stake. Texas Permanent School Fund has 38,981 shares. Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in ProAssurance Corporation (NYSE:PRA). California Public Employees Retirement Systems holds 144,234 shares or 0.01% of its portfolio. Moreover, Barclays Public Ltd has 0% invested in ProAssurance Corporation (NYSE:PRA) for 1,377 shares. Aqr Mngmt Llc stated it has 175,699 shares. Finemark Commercial Bank And Tru, a Florida-based fund reported 4,080 shares. First Quadrant Limited Partnership Ca accumulated 1,211 shares. Hightower Advsr Ltd Limited Liability Company, Illinois-based fund reported 3,715 shares. Lpl Fincl Ltd Company holds 9,307 shares. Pnc Fin Gru Inc has 835 shares. 22,794 were reported by Bessemer Group Inc. Co National Bank & Trust owns 9,672 shares. Cim Invest Mangement holds 0.16% in ProAssurance Corporation (NYSE:PRA) or 8,180 shares. Renaissance Technology Limited Liability Company reported 612,389 shares.

Since January 10, 2018, it had 0 insider purchases, and 3 selling transactions for $8.27 million activity. $5.54M worth of ProAssurance Corporation (NYSE:PRA) shares were sold by STARNES WILLIAM STANCIL.