Shares of Array BioPharma (ARRY) have risen by over 25% since my initial write-up in late August in which we noted that data presented at ESMO would be an important catalyst. Shares are trading slightly green since my update piece published shortly after the presentation and appear to be basing around the $11 level.
ARRY data by YCharts
For readers newer to the story, the crux of....More>>>
No matter what Nutanix (NASDAQ:NTNX) does, it just can’t seem to win back the favor of the markets. In the aftermath of a strong beat-and-raise quarter that ended a stellar fiscal year for Nutanix, the market shrugged off the stock, keeping it flat at a bargain price of $22.
Despite the market’s bored reaction to the stock, opinions of it are anything but. Like many of its....More>>>
Late Tuesday, Gilead Sciences (GILD) won a court ruling in its battle with Merck (MRK) over the intellectual property rights behind its blockbuster hepatitis-C drugs Harvoni and Sovaldi. Gabelli’s Jing He stands by her contention that Gilead is “the most undervalued stock” in biotech:
Gilead Sciences CEO John Milligan Victor J. Blue/Bloomberg News
Boston, MA, based Investment company Adage Capital Partners Gp Llc buys Wells Fargo, General Dynamics, Puma Biotechnology, Johnson Controls International PLC, NextEra Energy, Walt Disney Co, The Mosaic Co, PerkinElmer, Goldman Sachs Group, NXP Semiconductors NV, sells Puma Biotechnology, LinkedIn, Sempra Energy, Allergan PLC, Honeywell International during the 3-months ended 2016-12-31, according....More>>>
The Republican win is an unexpected event that will ironically add to an already long list of headwinds Valeant Pharmaceuticals (NYSE:VRX) faces. Markets are now pricing in interest rate risks in the entire biotechnology sector. As interest on debt costs go up, biotech stocks in the early innings of drug development will have less money available for funding their clinical studies. Markets reacted....More>>>
The Under Armour stock ticker is changing, and shares of Under Armour Inc. (NYSE: UA) jumped following the news.
The company announced on Monday that it will change its Class A and Class C stock tickers. At the start of trading on Dec. 7, Under Armour Class A shares will change from “UA” to “UAA.” Also on that day, the company’s Class C common stock will....More>>>
May 12, 2017: Markets opened mixed Friday following lackluster earnings results from two more retailers, Penney’s and Nordstrom. Investors are also concerned that the turmoil in the Trump administration will delay the President’s promised tax cut package. Utilities and tech stocks traded higher while industrials provided the biggest drag. WTI crude oil for June delivery settled at $47.84....More>>>
Small cap high-definition video solutions stockAmbarella Inc (NASDAQ: AMBA) reported fiscal Q2 2018 earnings after the Thursday market close with results beating expectations, but shares are now falling as much as 13% in premarket trading. Revenue rose 10% to $71.6 million and GAAP net incom
Last October, I compared GoPro (NASDAQ:GPRO) with its supplier Ambarella (NASDAQ:AMBA). At the time, I concluded that Ambarella's more diversified business model, stronger margins, and lower valuations made it the better play.
Since that article was published, shares of GoPro and Amba
After the market closed yesterday, small cap camera stock and new media companyGoPro Inc (NASDAQ: GPRO) surprised investorsby reporting higher first quartersales than expected and a smaller-than-expected quarterly lossas a cost-cutting plan starts to stem declines. Revenue rose 19.1%, its se