Long Position on ALPN @ $64.25 on 4/25/2024 (Fundamentals)

Alpine Immune Sciences, Inc. (ALPN) operates as a clinical-stage biopharmaceutical company.

Bullish Flag FormationIt focuses on the discovery and development of immunotherapies through protein engineering technologies for treating autoimmune and inflammatory diseases.

The company's product pipeline includes Povetacicept, a dual B cell cytokine antagonist, which is in Phase 2 clinical trial for the treatment of multiple autoimmune and inflammatory diseases; and Acazicolcept, a dual inhibitor of the CD28 and ICOS T cell costimulatory pathways that is in preclinical trial for the treatment of systemic lupus erythematosus. It is also developing RUBY-3 that has completed Phase 1 clinical trial for the treatment of glomerulonephritis; and RUBY-4, which has completed Phase 1 clinical trial for the treatment of cytopenias.

The company was incorporated in 2007 and is headquartered in Seattle, Washington.

Entry Point: $64.25

Trading Range: $6.71 - $64.70

Stop Loss: $61.00

Target Price: $70.60

 

Position closed on 5/29/2024 at price of $64.97 with a 1.12% gain in 34 days.

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