M&A Makes A Rally Day in Biotech-Risk On…Update-3
Update-3. Red screen day, post after close, macro intervening again. BMY/CELG delayed on Otezla divestiture. Update -2 …Week Ending 6/21-Biotech stocks up for the week but momentum easing. XBI up 1.2% to $87.26, off Wednesday highs. IBB up .2.2% to $109.45 QQQ up 1.6% to $188.62. Gene...
Biotech Snapshot on a Lackluster Day: CRSPR deal with Vertex Pharmaceuticals…Update-3…Pfizer Buys Array Pharmaceuticals
Update-3 6/17 11:30 a EDT Pfizer (PFE) $11B Buyout of Array Pharmaceuticals (ARRY) Sparks Rally in biotech. As usual M&A brings buyers into biotech. ARRY up 56% on Pfizer $11B buyout. XBI up 3.68% to $84.46. Green screen in mid-caps, gene therapy. ========== Update-2 6/12 10:30 a EDT Large...
Biotechs Piggyback FED Rally with a Little Help From ASCO…Update-3 Rally Underway
Update-3…6/7- 1p EDT… Broad Tech Rally Underway Hot stocks in life science: CRSP, GILD, GSK, ILMN, VRTX, XBI up 1.56%. Update-2 …Bit of a rally at the close on the day-to-day tariff drama- now softening on Mexican tariffs; way too much obsession and media chat with the FED and...
Biotechs Mixed Almost Bearish with Many Big Losers Today…Update-2 Red Screen Day
Update-2 5/31 2:15 p EDT. Impossible to invest with current Tariff Headwinds-XBI down 1.24% to $79.83. NASDAQ down 1.33%. ========= Update-1 5/29… Better Tape Today Off Lows Despite 1.1% Drop in IBB and 0.93% in XBI One of our top picks from JPM was Amarin (AMRN) up 11.64% to $19 on FDA...
Biotech Vaults Back with help from Array Biopharma…Update-2…Not a lotta
Update-2…3:15p EDT…. Mixed day-new post after close, XBI down 0.64%, IBB down 0.94%,, Dow sell-off down 0.43%. ====== Update-1 5/22… Not much follow-through from yesterday but trade-able.A horrible news week with politics, tariffs, chips and China in headlines. Large Caps...