Galena Biopharma, Inc. (GALE) Reaches $0.26 52-Week Low; Corecommodity Management Lifted By $350,949 Its Alliance Res Partner LP (ARLP) Stake

December 31, 2017 - By Winifred Garcia

Corecommodity Management Llc increased Alliance Res Partner LP (ARLP) stake by 114.78% reported in 2017Q3 SEC filing. Corecommodity Management Llc acquired 18,471 shares as Alliance Res Partner LP (ARLP)’s stock declined 8.23%. The Corecommodity Management Llc holds 34,564 shares with $669,000 value, up from 16,093 last quarter. Alliance Res Partner LP now has $2.58 billion valuation. The stock increased 2.07% or $0.4 during the last trading session, reaching $19.7. About 290,522 shares traded. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since December 31, 2016 and is uptrending. It has outperformed by 33.77% the S&P500.

The stock of Galena Biopharma, Inc. (NASDAQ:GALE) hit a new 52-week low and has $0.24 target or 8.00% below today’s $0.26 share price. The 5 months bearish chart indicates high risk for the $11.98 million company. The 1-year low was reported on Dec, 31 by Barchart.com. If the $0.24 price target is reached, the company will be worth $958,160 less. The stock decreased 5.11% or $0.014 during the last trading session, reaching $0.262. About 20.37M shares traded or 2041.00% up from the average. Galena Biopharma, Inc. (NASDAQ:GALE) has declined 98.04% since December 31, 2016 and is downtrending. It has underperformed by 114.74% the S&P500.

Among 7 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Alliance Resource Partners had 19 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by FBR Capital with “Outperform” on Friday, September 18. Cowen & Co maintained it with “Outperform” rating and $33 target in Thursday, July 30 report. Deutsche Bank maintained the stock with “Buy” rating in Monday, October 5 report. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Outperform” rating by Cowen & Co on Tuesday, November 3. Stifel Nicolaus maintained it with “Hold” rating and $22.0 target in Thursday, September 7 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, November 15. The firm has “Outperform” rating given on Wednesday, November 23 by FBR Capital. FBR Capital maintained the stock with “Outperform” rating in Thursday, October 13 report. The rating was upgraded by Zacks on Thursday, August 6 to “Strong Sell”. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Tuesday, November 1 with “Outperform” rating.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.51, from 1.23 in 2017Q2. It dropped, as 12 investors sold ARLP shares while 31 reduced holdings. 13 funds opened positions while 18 raised stakes. 17.59 million shares or 2.43% less from 18.03 million shares in 2017Q2 were reported. Adams Asset Advsr Ltd Llc holds 0.82% or 309,046 shares in its portfolio. Invest Centers Of America reported 36,589 shares. Benjamin F Edwards & Incorporated invested in 0% or 900 shares. Susquehanna Int Llp holds 0% or 42,558 shares in its portfolio. Barnett & reported 0.02% stake. Morgan Stanley invested in 857,305 shares or 0% of the stock. Intrust Bank & Trust Na accumulated 10,207 shares. 3,123 were reported by Royal Financial Bank Of Canada. Alliancebernstein LP holds 10,478 shares. Rathbone Brothers Public Ltd Com, a United Kingdom-based fund reported 14,715 shares. Nfc Invs Ltd Liability Com holds 0.17% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 26,000 shares. Hsbc Hldg Public Limited Co stated it has 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Ing Groep Nv accumulated 100,000 shares or 0.04% of the stock. Pinnacle Finance Prtn has invested 0.04% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Deutsche Bancorporation Ag reported 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP).

Corecommodity Management Llc decreased American Wtr Wks Co Inc New (NYSE:AWK) stake by 10,148 shares to 7,562 valued at $612,000 in 2017Q3. It also reduced Companhia De Saneamento Basi (NYSE:SBS) stake by 61,969 shares and now owns 146,224 shares. First Solar Inc (NASDAQ:FSLR) was reduced too.

Galena Biopharma, Inc., a biopharmaceutical company, develops hematology and oncology therapeutics that address unmet medical needs. The company has market cap of $11.98 million. The firm develops GALE-401 , which completed Phase II clinical trial for the treatment of patients with myeloproliferative neoplasms to lower elevated platelet levels. It currently has negative earnings. It also develops NeuVax (nelipepimut-S), which is in Phase IIb clinical trial in combination with trastuzumab for HER2 1+ and 2+ node positive and high-risk node negative breast cancer patients; Phase II clinical trial in combination with trastuzumab for HER2 3+ breast cancer patients; Phase II clinical trial for women with ductal carcinoma in situ of the breast; and Phase II clinical trial for patients with gastric cancer.

Among 7 analysts covering Galena Biopharma (NASDAQ:GALE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Galena Biopharma had 17 analyst reports since August 7, 2015 according to SRatingsIntel. Maxim Group maintained Galena Biopharma, Inc. (NASDAQ:GALE) rating on Tuesday, December 22. Maxim Group has “Buy” rating and $4 target. The company was downgraded on Monday, February 6 by FBR Capital. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Buy”. As per Wednesday, June 29, the company rating was downgraded by Raymond James. The stock of Galena Biopharma, Inc. (NASDAQ:GALE) earned “Buy” rating by Maxim Group on Friday, December 2. The rating was maintained by TH Capital with “Buy” on Tuesday, November 10. As per Friday, July 22, the company rating was maintained by FBR Capital. MLV maintained the stock with “Buy” rating in Friday, August 7 report. The stock has “Buy” rating by Roth Capital on Friday, March 11. Raymond James initiated Galena Biopharma, Inc. (NASDAQ:GALE) on Wednesday, September 9 with “Outperform” rating.

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