FRONT PAGE AMPYRA AUBAGIO AVONEX BETASERON COPAXONE EXTAVIA
Stan's Angels MS News Channel on YouTube GILENYA NOVANTRONE REBIF RITUXAN TECFIDERA TYSABRI
 Daily News for Neuros, Nurses & Savvy MSers: 208,152 Viewers, 8,368 Stories & Studies
Click Here For My Videos, Advice, Tips, Studies and Trials.
Timothy L. Vollmer, MD
Department of Neurology
University of Colorado Health Sciences Center Professor

Co-Director of the RMMSC at Anschutz Medical Center

Medical Director-Rocky Mountain MS Center
Click here to read my columns
Brian R. Apatoff, MD, PhD
Multiple Sclerosis Institute
Center for Neurological Disorders

Associate Professor Neurology and Neuroscience,

Weill Medical College of Cornell University

Clinical Attending in Neurology,
New York-Presbyterian Hospital
CLICK ON THE RED BUTTON BELOW
You'll get FREE Breaking News Alerts on new MS treatments as they are approved
MS NEWS ARCHIVES: by week

HERE'S A FEW OF OUR 6000+ Facebook & MySpace FRIENDS
Timothy L. Vollmer M.D.
Department of Neurology
University of Colorado Health Sciences Center
Co-Director of the RMMSC at Anschutz Medical Center
and
Medical Director-Rocky Mountain MS Center


Click to view 1280 MS Walk photos!

"MS Can Not
Rob You of Joy"
"I'm an M.D....my Mom has MS and we have a message for everyone."
- Jennifer Hartmark-Hill MD
Beverly Dean

"I've had MS for 2 years...this is the most important advice you'll ever hear."
"This is how I give myself a painless injection."
Heather Johnson

"A helpful tip for newly diagnosed MS patients."
"Important advice on choosing MS medication "
Joyce Moore


This page is powered by Blogger. Isn't yours?

Monday

 

Short Interest in Biogen Grows By 44.2% (BIIB)





























Shares of Biogen (NASDAQ:BIIB) were the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,860,160 shares, a growth of 44.2% from the August 14th total of 2,676,822 shares, Marketbeat.com reports. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 2,653,078 shares, the days-to-cover ratio is currently 1.5 days.

BIIB has been the subject of several analyst reports. Robert W. Baird downgraded Biogen from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $480.00 to $316.00 in a report on Monday, July 27th. Leerink Swann dropped their price target on Biogen from $464.00 to $425.00 and set an “outperform” rating on the stock in a research report on Tuesday. Deutsche Bank reiterated a “buy” rating and set a $460.00 target price on shares of Biogen in a research report on Thursday, July 2nd. BMO Capital Markets cut Biogen from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $511.00 to $360.00 in a report on Friday, July 24th. Finally, Sanford C. Bernstein raised Biogen from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $436.00 to $385.00 in a research note on Monday, July 27th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Biogen currently has an average rating of “Buy” and a consensus price target of $415.45.

In other Biogen news, Director Stelios Papadopoulos purchased 10,000 shares of the stock in a transaction on Monday, July 27th. The shares were bought at an average price of $304.88 per share, for a total transaction of $3,048,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at http://www.sec.gov/Archives/edgar/data/875045/000112760215023479/xslF345X01/form4.xml.

Biogen (NASDAQ:BIIB) opened at 314.67 on Friday. The company’s 50 day moving average is $310.21 and its 200-day moving average is $379.13. The firm has a market cap of $74.00 billion and a price-to-earnings ratio of 21.31. Biogen has a 1-year low of $265.00 and a 1-year high of $480.18.

Biogen (NASDAQ:BIIB) last announced its quarterly earnings data on Friday, July 24th. The biotechnology company reported $4.22 EPS for the quarter, beating the consensus estimate of $4.10 by $0.12. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.71 billion. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.49 earnings per share. On average, analysts predict that Biogen will post $15.94 EPS for the current fiscal year.


Biogen Inc., formerly Biogen Idec Inc., is a global biopharmaceutical business. The Business is focused on finding, developing, manufacturing and delivering treatments for autoimmune, neurological and hematologic illnesses. The Business develops, produces and markets products intended for the treatment of multiple sclerosis (NASDAQ:BIIB) and hemophilia A and B. The Organization ‘s marketed products include AVONEX, PLEGRIDY, TECFIDERA, TYSABRI, FAMPYRA for multiple sclerosis (MS), ALPROLIX for hemophilia B, and ELOCTATE for hemophilia A, among others. Additionally, it collaborates on the development and commercialization of RITUXAN (rituximab), which is a monoclonal antibody for treating non-Hodgkin’s lymphoma, chronic lymphocytic leukemia and other afflictions and share gains and losses for GAZYVA, which is for treating chronic lymphocytic leukemia.

Story Source: The above story is based on materials provided by FINANCIALWISDOMWORKS
Note: Materials may be edited for content and length

Labels:



Go to Newer News Go to Older News