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Rafferty Asset Management LLC Sells 45,073 Shares of Incyte Corporation $INCY
Rafferty Asset Management LLC has reduced its stake in Incyte Corporation by selling 45,073 shares, bringing its total ownership to 111,537 shares valued at approximately $9.46 million. This trimming comes as Incyte reported increased revenue but missed EPS expectations, leading to a consensus “Hold” rating among analysts. The company also saw significant insider selling recently, despite strong institutional ownership.