JPMorgan Chase & Co. initiated coverage on shares of Denali Therapeutics (NASDAQ:DNLI) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $24.00 price objective on the stock.
Shares of Denali Therapeutics (NASDAQ DNLI) opened at $16.80 on Tuesday. Denali Therapeutics has a fifty-two week low of $14.72 and a fifty-two week high of $22.95. The firm has a market cap of $1,410.00 and a PE ratio of -16.31.
In other news, major shareholder Douglas K. Bratton bought 275,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average price of $18.00 per share, with a total value of $4,950,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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About Denali Therapeutics
Denali Therapeutics Inc is a biotechnology company. The Company is focused on the discovery and development of therapies for patients with neurodegenerative disease, including Alzheimer’s disease, Parkinson’s disease, amyotrophic lateral sclerosis (ALS) and others. The Company is developing a diversified portfolio of therapeutics, based on scientific insights into the genetic causes and biological processes underlying neurodegenerative disease.
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