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Is Lexicon Pharmaceuticals, Inc. (LXRX) a Stock to Watch This Week?

Tuesday, June 09, 2020 10:07 AM | InvestorsObserver Analysts

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Is Lexicon Pharmaceuticals, Inc. (LXRX) a Stock to Watch This Week?

Overall market sentiment has been high on Lexicon Pharmaceuticals, Inc. (LXRX) stock lately. LXRX receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Lexicon Pharmaceuticals, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LXRX!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LXRX Stock Today?

Lexicon Pharmaceuticals, Inc. (LXRX) stock has fallen -4.11% while the S&P 500 has gained 1.2% as of 9:59 AM on Tuesday, Jun 9. LXRX is lower by -$0.09 from the previous closing price of $2.19 on volume of 120,901 shares. Over the past year the S&P 500 is higher by 11.97% while LXRX is lower by -62.09%. LXRX earned $0.62 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.4.

To see the top 5 stocks in the Biotechnology industry click here.

More About Lexicon Pharmaceuticals, Inc.

Lexicon Pharmaceuticals Inc is a biopharmaceutical company developing medicines that transform patients' lives. The company commercializes and develops drugs and drug candidates. Its drugs candidates include XERMELO (telotristat ethyl), an orally-delivered small molecule drug, in the United States for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog, or SSA, therapy in adults inadequately controlled by SSA therapy; Zynquista (sotagliflozin), an orally-delivered small molecule drug candidate, as a treatment for type 1 diabetes; sotagliflozin as a treatment for type 2 diabetes, heart failure and chronic kidney disease; and LX9211, an orally-delivered small molecule drug candidate, as a treatment for neuropathic pain.

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