Steven Cohen's Point72 Asset Management Acquires New Stake in Annexon Inc

Published on 13 Feb 2024 on GuruFocus.com via Yahoo Finance

Steven Cohen's Point72 Asset Management Acquires New Stake in Annexon Inc

Overview of Steven Cohen (Trades, Portfolio)'s Investment in Annexon Inc

Warning! GuruFocus has detected 2 Warning Signs with ANNX.

On February 2, 2024, Point72 Asset Management, led by Steven Cohen (Trades, Portfolio), made a significant move in the biotechnology sector by purchasing 4,868,603 shares of Annexon Inc (NASDAQ:ANNX). This transaction marked a new holding for the firm, with a trade impact of 0.06% on the portfolio. The shares were acquired at a price of $4.03 each, bringing the total position to 6.20% of Annexon's shares outstanding. This strategic buy reflects Cohen's confidence in Annexon Inc and adds a new dimension to Point72's diverse investment portfolio.

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Steven Cohen's Point72 Asset Management Acquires New Stake in Annexon Inc

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Steven Cohen's Point72 Asset Management Acquires New Stake in Annexon Inc

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