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Xenon Pharmaceuticals Target of Unusually High Options Trading (NASDAQ:XENE)
Xenon Pharmaceuticals (NASDAQ:XENE) experienced unusually high options trading on Wednesday, with put options increasing by 2,362%, indicating potential bearish sentiment or hedging. Despite recent insider selling totaling $19.6 million over 90 days, analysts broadly rate the stock as a “Buy” with a consensus price target of $71.88. The company, a clinical-stage biopharmaceutical firm, focuses on neurological and pain disorders by targeting ion channels.