Aegerion Pharmaceuticls Inc.a (NASDAQ:AEGR)’s shares down by 1.56%

Northern, WI 05/17/2013 (usmarketsdaily) - The prices of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) currently trading at $60.74, down by 1.56%. The stock opened at $61.73. The company witnessed trading in high volumes at 500.00 shares. This is overtly below compared to the average volume of trading of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) at 686,715.00 shares.

Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) is a biopharmaceutical company which focuses on the development and commercialization of therapeutics to treat lipid disorders. The stock is almost reaching its 52 week high of $63.72 for the year. The previous trading session witnessed the shares of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) trading in the range of $47.45 to $63.72 for the entire day.

The analysts now have a buy rating on the stock and the price targets fixed for the shares of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) had been rising from the beginning of this month. The market capitalization of the biopharmaceutical company is $1.78 billion and the institutional holding of shares in Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) is around 96 percent.

While the price target was fixed at $50 by analysts at Needham & company in the beginning of this month, the share price of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) had now reached a price target revised from $53 to $65 by analysts at Lazard capital markets. The shares of Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) are fast moving towards positive buy ratings with their present 50 day moving average at $38.45.

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Colton Eisler is a special projects and general assignment reporter, noted for breaking several exclusive stories. Colton Eisler study Broadcast Journalism, Music and Theatre at Troy University. He also has a degree in Public Relations. Colton Eisler has won several awards for his work, being recognized by the Associated Press, National Association of Journalist, The Liberty Theater Company, Volunteers of America, The Kwanis Club, MTM Unsung Heroes and many more.

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