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Cibc World Market Inc. Has $8.85 Million Stake in Regeneron Pharmaceuticals, Inc. $REGN
Cibc World Market Inc. significantly increased its stake in Regeneron Pharmaceuticals (NASDAQ:REGN) by 232.3% during Q3, now holding 15,733 shares valued at approximately $8.85 million. Insiders have recently sold shares worth roughly $2.86 million, though institutional investors and hedge funds still own a substantial 83.31% of the company. Regeneron beat quarterly earnings and revenue expectations, raised its dividend, and maintains a “Moderate Buy” consensus rating among analysts with an average price target of $793.81.