Are you sure it's not an old article? ACHN is NOT trading at it's highest level since 2007, so I must question when the article was written.
The hold won't be lifted anytime soon. Without the hold being lifted I think a fair price is between $4 and $5, considering their pipeline and cash. There has been a ton of buying from RA Capital and insiders, why because they see a money making opportunity in achn. If the hold is lifted, somewhere north of $10 is a fair price.
NEW HAVEN, Conn., Nov. 26, 2013 (GLOBE NEWSWIRE) -- Achillion Pharmaceuticals, Inc. (ACHN) announced today that Milind Deshpande, Ph.D., President and Chief Executive Officer of Achillion, will present a corporate overview at three upcoming investor conferences:
Deutsche Bank 2013 BioFEST on Tuesday, December 3, 2013 at 10:10 a.m. ET at the Four Seasons Hotel Boston in Boston, MA;
The 25th Annual Piper Jaffray Healthcare Conference on Wednesday, December 4, 2013 at 12:30 p.m. ET at The New York Palace Hotel in New York, NY; and
Oppenheimer 24th Annual Healthcare Conference on Wednesday, December 11, 2013 at 1:35 p.m. ET at the Crowne Plaza Times Square in New York, NY.
IDIX and ARIA are having awesome days. They are both over $5. The question is, is ACHN worth more than $5?
According to Yahoo stats, the float is 46.48 million, so RA would own 50% of the float.
Yahoo may be incorrect. If you have different #'s please share.
Back around OCT 2 this is what they wrote,
Achillion Pharmaceuticals (ACHN) Rating: BUY 10 Day Short Term Target Price: $3.52
it didn't even come close and it's mostly BS.