2 Comments About Biogen Hitting New All-Time Highs After Earnings

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Biotech has been one of the strongest sectors in 2013 and Biogen (BIIB) kept the trend alive after they reported earnings that beat Wall Street’s estimates. Biogen hit new all-time highs on its strong earnings. It was trending on StockTwits for most of the day too. Biogen is up 75% this year and the company now has a market cap greater than $60 billion. This makes it one of the most valuable biotech companies in the world.

 
 

1.) One reason why Biogen hit new all-time highs is because it guided above Wall Street’s consensus estimates:
Screen Shot 2013-10-28 at 5.18.19 PM

 
 

2.) Biogen’s beat says a lot about the health of the sector:
Screen Shot 2013-10-28 at 5.21.32 PM

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