I am long, and AMGN has held up really well... but today was a major breakdown on no (apparent) news. Makes me wonder if something is going on.
I don't put much faith in what comes out of Citigroup's mouth - just don't care for this firm with regards to banking or stocks!
THOUSAND OAKS, Calif., March 2, 2016 /PRNewswire/ -- Amgen (AMGN) today announced that its Board of Directors declared a $1.00 per share dividend for the second quarter of 2016. The dividend will be paid on June 8, 2016, to all stockholders of record as of the close of business on May 17, 2016.
Amgen will present at the Cowen and Company 36th Annual Health Care Conference at 9:20 a.m. ET on Tuesday, March 8, 2016, in Boston. Sean E. Harper, M.D., executive vice president of Research and Development at Amgen ( AMGN), will present at the conference
joint venture with novartis
he companies plan to co-develop and co-commercialize a BACE inhibitor program in Alzheimer's Disease (AD); Novartis' oral therapy CNP520 will be the lead molecule
Novartis and Amgen also plan to co-develop and co-commercialize Amgen's migraine portfolio, including fully human monoclonal antibody AMG 334 with first phase III data expected in 2017
Partnership reinforces Novartis' continued commitment to developing and bringing innovative neuroscience treatment options to patients
Right no imho. Sounds like its being manipulated after recent great earnings. Good pipeline and 30 billion in cash. Who cares if a few hedge funds drop out? Ackmen one of the best is down 20% this and last year. I would add at this current level and BTW Clinton will lose to Trump imo.
Sentiment: Strong Buy