Can More Deals Wake Up Biotech? Laggard GILD Up 2.5% on More Galapagos Investment…Update-2 SGEN
Update-2 11:30a EDT Seattle Genetics (SGEN) revenues grow 30% , stock soars 15%.This is the way large cap biotech model is supposed to work-grow top line revenue.The Company is a leader in oncology with antibody-drug conjugates (ADC). ===== Update-1 Biopharma stocks drifted lower with NASDAQ:...
Vacation Week Update-Biotech Stocks…Update-1 IBB,ILMN
Update-1 11a EDT, Large cap drugs and biotechs resume slide on drug pricing “reform” from Trump threats. IBB down 1.37%, XPH in downtrend tp $38.41. Laggards holding BIB, GILD. Winners losing MRK, RHHBY. LLY and PFE hit hard. Gene therapy green: BOLD,SGMO. Illumina (ILMN) whacked...
Gene Therapy Stocks are Big Winners in 2019: VYGR, MGTX, QURE… Update-1
Update-1 A bit of a sell-off in gene therapy but MGTX at new highs at $29.44. Profit taking on Sarepta down 3.84% to $150.59. Roche (RHHBY) and Merck (MRK) near new highs. Mid-caps mixed but Novacure (NVCR) rally 3.27% toward new highs. One of our top picks Amarin (AMRN) from the JPMorgan...
Crazy Stealth Biotech Rally Today, IPOs Strong in Healthcare
Crazy Stealth Biotech Rally in Small Caps-Who Gave the Buy Signal? NASDAQ up 0.73%, XLV up 0.70 %. MedTech and Dx/Tools also green. IWM up 1.88% to $153.63 up 14% YTD, lagging XBI up 20.7% YTD. Volatile market for traders in small caps. It was a green screen for small caps and the more...
Biotech Stocks Muddled by Macro and Momentum is Missing…Update-2 rally day
Update-2… 6/27 2p EDT…Good day for gene therapy stocks My longs CRSP and MGTX are up. Looking better all across the screen in biopharma. Added to ABBV and XNCR yesterday. XBI up but still under $86. Update-1… Another Big Deal in Biotech in a weak biopharma sector Stock...