IntelliPharmaCeutics Intl (IPCI) Shares Gap Down to $0.27

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) gapped down before the market opened on Thursday . The stock had previously closed at $0.32, but opened at $0.27. IntelliPharmaCeutics Intl shares last traded at $0.21, with a volume of 2300105 shares.

Separately, Maxim Group set a $6.00 target price on IntelliPharmaCeutics Intl and gave the stock a “buy” rating in a report on Thursday, December 20th.

An institutional investor recently bought a new position in IntelliPharmaCeutics Intl stock. Geode Capital Management LLC bought a new position in shares of IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 180,877 shares of the company’s stock, valued at approximately $43,000. Geode Capital Management LLC owned 0.93% of IntelliPharmaCeutics Intl as of its most recent SEC filing. Institutional investors own 11.05% of the company’s stock.

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IntelliPharmaCeutics Intl Company Profile (NASDAQ:IPCI)

IntelliPharmaCeutics International Inc, a pharmaceutical company, researches, develops, and manufactures novel and generic controlled-release and targeted-release oral solid dosage drugs in Canada. It develops various drug delivery systems and a pipeline of products based on its patented Hypermatrix technology in therapeutic areas, including neurology, cardiovascular, gastrointestinal tract, diabetes, and pain.

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