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Regeneron Pharmaceuticals, Inc. $REGN Shares Sold by Sovran Advisors LLC
Sovran Advisors LLC significantly reduced its stake in Regeneron Pharmaceuticals (REGN) by 22.6% in the fourth quarter, selling 2,519 shares. This comes amidst other institutional investors modifying their holdings and notable insider selling by executives. Despite these sales, Regeneron reported strong Q4 earnings, received FDA approval for EYLEA HD with extended dosing, increased its dividend, and maintains a “Moderate Buy” consensus analyst rating.