It's official. The BB added nearly a million shares ($40.1M) to their portfolio over the past week.
If they continue to buy at these price levels its for one reason.......they believe its going much higher.
I smell a buyout. Hopefully one like ABBV taking out PCYC. The question is who and when??
I listened to the earnings call and it was VERY positive. They sound excited about the data they will present at ASH. The pipeline is coming together nicely with lots on the horizon. Not sure how the stock will act in the short term but the long term prospects look extremely promising.
Personally I don't see how this company doesn't get taken out before it hits an 8 billion market cap (approx $74 a share). If it can stay independent SGEN has huge potential.
Looked over the proxy statement. Thanks for posting the link.
Noticed that the top five directors own more than half the available stock. With 117M shares total in the float that doesn't leave a lot for the public. Anyone else concerned about that ?
I've never seen a company where the top five (specifically the top two) directors controlled so much stock. I wonder if that is a problem.