Corcept Therapeutics Incorporated (CORT)
Corcept Therapeutics Incorporated is a biopharmaceutical company focused on the discovery, development, and commercialization of innovative therapies targeting severe metabolic, cancer, and psychiatric disorders. Headquartered in Menlo Park, California, Corcept leverages its proprietary expertise in cortisol modulation to enhance treatment outcomes, addressing significant unmet medical needs. With a robust pipeline of product candidates, the company aims to deliver solutions that improve patient quality of life while creating value for shareholders.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 68.07% per annum.
- CORT price at the close of February 13, 2026 was $39.97 and was lower than the bottom border of the primary price channel by $23.41 (36.93%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.89% per annum.
- CORT price at the close of February 13, 2026 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CORT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 9, 2022
End date: December 29, 2025
a = 1.9124
b = 0.0014
s = 0.1775
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1775) – 1
= 103.44%
December 9, 2022 calculations
Top border of price channel:
Exp(Y458)
= Exp(a + b × X458 + 2 × s)
= Exp(a + b × 660 + 2 × s)
= Exp(1.9124 + 0.0014 × 660 + 2 × 0.1775)
= Exp(3.2063)
= $24.69
Bottom border of price channel:
Exp(Y458)
= Exp(a + b × X458 – 2 × s)
= Exp(a + b × 660 – 2 × s)
= Exp(1.9124 + 0.0014 × 660 – 2 × 0.1775)
= Exp(2.4961)
= $12.14
December 29, 2025 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,776 + 2 × s)
= Exp(1.9124 + 0.0014 × 1,776 + 2 × 0.1775)
= Exp(4.7938)
= $120.76
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,776 – 2 × s)
= Exp(1.9124 + 0.0014 × 1,776 – 2 × 0.1775)
= Exp(4.0836)
= $59.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 68.07% per annum.
- CORT price at the close of February 13, 2026 was $39.97 and was lower than the bottom border of the primary price channel by $23.41 (36.93%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 31, 2025
End date: February 13, 2026
a = 6.1762
b = -0.0012
s = 0.2137
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2137) – 1
= 135.05%
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 + 2 × s)
= Exp(a + b × 1,503 + 2 × s)
= Exp(6.1762 + -0.0012 × 1,503 + 2 × 0.2137)
= Exp(4.8367)
= $126.06
Bottom border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 – 2 × s)
= Exp(a + b × 1,503 – 2 × s)
= Exp(6.1762 + -0.0012 × 1,503 – 2 × 0.2137)
= Exp(3.9821)
= $53.63
February 13, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(6.1762 + -0.0012 × 1,822 + 2 × 0.2137)
= Exp(4.4617)
= $86.64
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(6.1762 + -0.0012 × 1,822 – 2 × 0.2137)
= Exp(3.6071)
= $36.86
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.89% per annum.
- CORT price at the close of February 13, 2026 was inside the secondary price channel.