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Achillion Pharmaceuticals, Inc. (ACHN) Message Board

  • susan_foofoo susan_foofoo Jun 5, 2012 11:14 AM Flag

    Wells Fargo says buying opportunity

    Achillion weakness due to filing misunderstanding, says Wells Fargo
    Wells Fargo believes the weakness in shares of Achillion today is based on Form 4 filings issued yesterday on transactions by two of the company's venture capitalist shareholders, Domain Associates and Clarus Ventures, both of whom sit on Achillion's board. Wells believes the sales are not cause for concern and points out that the filing by Clarus Ventures actually indicates the firm is adding to its Achillion position. Wells Fargo believes the pullback in Achillion shares today is a misunderstanding, which it feels presents a buying opportunity. :theflyonthewall

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