Headlines about Cerecor (NASDAQ:CERC) have trended positive recently, AlphaOne reports. AlphaOne, a division of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cerecor earned a coverage optimism score of 0.31 on AlphaOne’s scale. AlphaOne also assigned news stories about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Cerecor (NASDAQ:CERC) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.18. The business had revenue of $0.38 million for the quarter.
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In other Cerecor news, major shareholder Armistice Capital Master Fund purchased 450,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average cost of $0.73 per share, for a total transaction of $328,500.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.
Cerecor Company Profile
Cerecor, Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Company has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment.
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