BiotechSwings
Oct 30, 9:29 PM
Week ended with biotech split right down the middle imo
$XBI closed near 155.98, down about 1.1% from 157.79
$IBB closed near 217.61, down about 0.1% from 217.86. Big names held the line while smaller names gave ground
$REGN was the star of the session, up about 12% after Q3 revenue hit 5.12 billion, up 36%, with EPS at 20.07. Dupixent sales and Eylea HD did the lifting, and the quarter read like a name firing on all cylinders
$ILMN went the other way, down about 19% to near 235.99 after revenue of 1.13 billion came in just under the 1.15 billion consensus, even with an EPS beat. The sequencing story is still intact imo, and a washout like that just rebuilds the watchlist
Monday starts with a live one.
$INO got FDA approval after the close for Voceryq, its first approved product, with shares up 215% in extended trading. TGTX earnings land Monday Nov 2 as well
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