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Hedge Funds Are Betting On Celldex Therapeutics, Inc. (CLDX)

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Celldex Therapeutics, Inc. (NASDAQ:CLDX)

What’s more, we’re going to analyze the recent info surrounding Celldex Therapeutics, Inc. (NASDAQ:CLDX).

What does the smart money think about Celldex Therapeutics, Inc. (NASDAQ:CLDX)?

Heading into Q3, a total of 17 of the hedge funds we track were bullish in this stock, a change of 6% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings considerably.

As aggregate interest spiked, specific money managers were leading the bulls’ herd. SAC Capital Advisors, managed by Steven Cohen, initiated the biggest position in Celldex Therapeutics, Inc. (NASDAQ:CLDX). SAC Capital Advisors had 62.4 million invested in the company at the end of the quarter. Donald Chiboucis’s Columbus Circle Investors also made a $38.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Arthur B Cohen and Joseph Healey’s Healthcor Management LP, Matt McLennan’s First Eagle Investment Management, and Philip Hempleman’s Ardsley Partners.

What do corporate executives and insiders think about Celldex Therapeutics, Inc. (NASDAQ:CLDX)?

Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the last six-month time frame, Celldex Therapeutics, Inc. (NASDAQ:CLDX) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Celldex Therapeutics, Inc. (NASDAQ:CLDX). These stocks are Exelixis, Inc. (NASDAQ:EXEL), PDL BioPharma Inc. (NASDAQ:PDLI), NPS Pharmaceuticals, Inc. (NASDAQ:NPSP), MannKind Corporation (NASDAQ:MNKD), and Puma Biotechnology Inc (NYSE:PBYI). This group of stocks are in the biotechnology industry and their market caps resemble CLDX’s market cap.

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