since SGEN shares are down 68 cents this morning, it seems the data did not impress the Street. Maybe the good news was already anticipated and built into the share price. Is this a buying opp? your thoughts?
SGEN always goes down on good news -- shorts and other bad operators at work -- and then recovers within a few days. That said, given the totality of the good news in recent days, today's stock action is particularly infuriating.
I cannot comment on the share action thus far today......as Wall Street can be a fickle beast on a short term and especially daily basis.
However, that data appears really good to me ( my opinion only ). Was it already "anticipated"? I do not know, but the data meets or definitely exceeds what I, personally, would have liked to see come out so far at ASH.
I don't usually make recommendations on this board regarding buying, selling or holding.
I will note that for me, personally, the data supports my investment thesis to continue to hold the stock long term.