Tetraphase Pharmaceuticals (TTPH) Reaches $6.02 After 3.00% Down Move; Synovus Financial Has Trimmed Its Western Digital (Call) (WDC) Position

November 14, 2017 - By Peter Erickson

Synovus Financial Corp decreased Western Digital Corp (Call) (WDC) stake by 94.97% reported in 2017Q2 SEC filing. Synovus Financial Corp sold 9,432 shares as Western Digital Corp (Call) (WDC)’s stock rose 15.69%. The Synovus Financial Corp holds 500 shares with $44,000 value, down from 9,932 last quarter. Western Digital Corp (Call) now has $27.15 billion valuation. The stock rose 3.99% or $3.53 reaching $91.97. About 2.51 million shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since November 14, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

The stock of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) is a huge mover today! About 170,360 shares traded. Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) has risen 106.58% since November 14, 2016 and is uptrending. It has outperformed by 89.88% the S&P500.The move comes after 9 months negative chart setup for the $309.52 million company. It was reported on Nov, 14 by Barchart.com. We have $5.84 PT which if reached, will make NASDAQ:TTPH worth $9.29 million less.

Synovus Financial Corp increased Ambarella Inc (NASDAQ:AMBA) stake by 8,371 shares to 11,722 valued at $572,000 in 2017Q2. It also upped V F Corp (NYSE:VFC) stake by 14,145 shares and now owns 95,920 shares. Mattel Inc (NASDAQ:MAT) was raised too.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It improved, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Mason Street Advsrs Limited Liability Corporation holds 0.09% or 40,421 shares. Private Advisor Gru Limited Liability stated it has 0.03% of its portfolio in Western Digital Corp (NASDAQ:WDC). One Trading Limited Partnership reported 51,552 shares. Everence Capital Management Inc reported 4,475 shares or 0.1% of all its holdings. 44,467 were reported by Greenwich Wealth Mgmt Ltd Liability Co. Cantab Capital Prtn Ltd Liability Partnership accumulated 0% or 13,845 shares. Discovery Cap Mgmt Limited Liability Corporation Ct has invested 3.39% in Western Digital Corp (NASDAQ:WDC). Agf America owns 17,008 shares. M&R Cap Management owns 200 shares. Old National Fincl Bank In holds 0.01% in Western Digital Corp (NASDAQ:WDC) or 2,940 shares. Stifel Financial Corp has 0.13% invested in Western Digital Corp (NASDAQ:WDC) for 387,028 shares. Nomura Asset Mgmt Company Limited has invested 0.05% in Western Digital Corp (NASDAQ:WDC). 7,921 were reported by First National Tru Company. Hermes Mgmt reported 470,538 shares or 0.68% of all its holdings. Reliance Company Of Delaware holds 0.18% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 13,431 shares.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Monday, June 26. The rating was upgraded by Argus Research to “Buy” on Thursday, October 1. As per Thursday, August 27, the company rating was initiated by Wells Fargo. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by Benchmark on Wednesday, June 21. The company was maintained on Thursday, October 12 by UBS. The firm earned “Underperform” rating on Thursday, July 30 by CLSA. The firm earned “Buy” rating on Thursday, July 30 by Benchmark. The rating was maintained by Goldman Sachs on Monday, June 6 with “Neutral”. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by Cowen & Co on Friday, October 13. The stock has “Buy” rating by Citigroup on Wednesday, January 27.

Since May 15, 2017, it had 0 insider purchases, and 2 selling transactions for $1.01 million activity. CORDANO MICHAEL D had sold 11,322 shares worth $962,385. 7,208 shares valued at $612,625 were sold by BHATIA MANISH H on Thursday, May 18. The insider RAY MICHAEL CHARLES sold $48,365. LONG MARK P sold $271,664 worth of Western Digital Corp (NASDAQ:WDC) on Monday, May 15.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on January, 24. They expect $3.36 EPS, up 69.70% or $1.38 from last year’s $1.98 per share. WDC’s profit will be $991.89M for 6.84 P/E if the $3.36 EPS becomes a reality. After $3.28 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Tetraphase Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company. The company has market cap of $309.52 million. The Firm uses its chemistry technology to create antibiotics for multidrug-resistant infections. It currently has negative earnings. The Firm is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.

Investors sentiment decreased to 1.31 in Q2 2017. Its down 0.16, from 1.47 in 2017Q1. It fall, as 13 investors sold Tetraphase Pharmaceuticals Inc shares while 19 reduced holdings. 17 funds opened positions while 25 raised stakes. 20.56 million shares or 13.43% more from 18.13 million shares in 2017Q1 were reported. Ameritas Investment Prtn reported 0% of its portfolio in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH). Moreover, Tiaa Cref Inv Management Limited Com has 0% invested in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) for 99,919 shares. Dimensional Fund Advsr L P owns 1.10M shares. Tekla Capital Mngmt Llc holds 0.27% of its portfolio in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) for 1.00M shares. California Pub Employees Retirement Sys reported 242,200 shares stake. Ameriprise reported 0% stake. Jacobs Levy Equity Mngmt Inc has 0.02% invested in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) for 105,700 shares. Trexquant Lp owns 0.04% invested in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) for 21,894 shares. Invesco Limited stated it has 47,633 shares. Bridgeway Cap Management holds 0.01% or 79,800 shares. Bnp Paribas Arbitrage accumulated 3,747 shares. State Board Of Administration Of Florida Retirement Systems holds 0% or 19,923 shares. Rock Springs Management Ltd Partnership has invested 0.25% in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH). Ontario – Canada-based Manufacturers Life The has invested 0% in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH). Hudson Bay Cap L P invested 0.04% of its portfolio in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH).

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