Bargain hunters move into Lexicon, up 14%

Beaten down biopharma Lexicon Pharmaceuticals (LXRX +13.7%) perks up on increased volume, bucking the broad market’s sour mood.

Bargain hunters have apparently been spurred into action in response to a modest level of insider buying and positive revisions from certain sell-side shops.

Shares sold off in late July after Sanofi decided to terminate their Zynquista (sotagliflozin) collaboration.

https://seekingalpha.com/news/3486826-bargain-hunters-move-lexicon-14-percent