Millennium Management Adds $34M in Ardelyx, Inc. ($ARDX)
Key Points
- Millennium Management changed its Ardelyx, Inc. ($ARDX) stake by 49.8% last quarter, boosting to 17,842,370 shares worth $103.31 million.
- Wall Street's consensus rating on $ARDX is Strong Buy and an average price target of $16.33.
- $ARDX last traded around $5.79.
Millennium Management increased its position in Ardelyx, Inc. ($ARDX) by 49.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,842,370 shares of Ardelyx, Inc. after buying 5,932,859 shares during the quarter. Millennium Management's holdings in Ardelyx, Inc. were worth $103.31 million as of its most recent filing.
Ardelyx, Inc. ($ARDX) Stock
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About Ardelyx, Inc.
Ardelyx, Inc. discovers, develops, and commercializes medicines to treat unmet medical needs in the United States and internationally. The company offers IBSRELA, a minimally absorbed small molecule therapy for the treatment of patients with irritable bowel syndrome with constipation; and XPHOZAH, a phosphate absorption inhibitor to reduce serum phosphorus in adults with chronic kidney disease on dialysis. Ardelyx, Inc. was formerly known as Nteryx, Inc. and changed its name to Ardelyx, Inc. in June 2008. The company was incorporated in 2007 and is headquartered in Waltham, Massachusetts.
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