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Shell Asset Management Co. Sells 15,210 Shares of Incyte Corporation $INCY
Shell Asset Management Co. has reduced its stake in Incyte Corporation by 56.0% in the third quarter, selling 15,210 shares and bringing their total holdings to 11,938 shares valued at $1,012,000. This comes as other institutional investors have made various adjustments to their positions in the biopharmaceutical company. Analyst ratings for Incyte are mixed, with a consensus “Hold” rating and an average target price of $103.94, while insiders have sold a significant number of shares recently.