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


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

Related Articles

View Comments (0)