BIIB - Biogen Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
227.18
-1.54 (-0.67%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close228.72
Open229.77
Bid224.52 x 1100
Ask230.13 x 1000
Day's Range225.28 - 231.88
52 Week Range216.12 - 388.67
Volume2,375,029
Avg. Volume2,233,259
Market Cap44.688B
Beta (3Y Monthly)1.85
PE Ratio (TTM)10.53
EPS (TTM)21.58
Earnings DateApr 24, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est261.19
Trade prices are not sourced from all markets
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  • GlobeNewswire6 days ago

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  • Risk-Tolerant Investors, Turn Your Eyes to Exelixis Stock
    InvestorPlace7 days ago

    Risk-Tolerant Investors, Turn Your Eyes to Exelixis Stock

    If you're asking whether or not to buy Exelixis (NASDAQ:EXEL) stock, the answer is, "it depends." But if you're a risk-tolerant investor in search of an up-and-coming biotech doing more than a few things right, it's time to consider buying EXEL stock. Let me explain.Source: Shutterstock If there is ever going to be a so-called perfect investment, you wouldn't expect it to be a smaller-capitalization biotechnology company like Exelixis. But that's really a generalization against a group of notoriously volatile stocks most investors need to think twice about before investing in. But that's not the situation with EXEL stock.The group as a whole has a backdrop of unstable financials, FDA approvals, the next drug trial finally being "the big one" or keeping larger competitors such as a Biogen (NASDAQ:BIIB) or Merck (NYSE:MRK) at bay. EXEL stock has defied those odds since mid-2016, when its kidney cancer blockbuster Cabometyx was approved.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAgain, that's not to say EXEL stock is the perfect investment. Bottom line, those types of risks don't simply vanish. But for now, this $7.2 billion market cap stock with its attractive forward P/E of 17.6, 0.5 PEG ratio and priced at 8.5x sales is in a strong position with the success of Cabometyx and sports a solid development pipeline which may just yet, make Exelixis a household name. EXEL Stock Weekly Price Chart Looking at the weekly chart of EXEL stock and despite some of the aforementioned volatility associated with smaller-cap biotechs, it's obvious Wall Street is also a buyer of what Exelixis has accomplished thus far -- and what appears to be a promising future. * 10 Dow Jones Stocks Holding the Blue Chip Index Back After a successful corrective challenge of prior lateral resistance and 62% retracement level from EXEL stock's 2015 low to 2018 cycle high last October, shares have been trending higher in the right side of a cup-shaped weekly base. That's bullish, and that's not all.Now and with EXEL consolidating the past month in-between the 50%-62% levels, a potential breakout and assault on the prior high of $32.50 before moving to new all-time-highs is setting up for purchasing. Buying EXEL StockFor investors agreeable with the risks discussed, the recommendation is to wait for a breakout. Without clearing the 62% retracement level, which has acted as price resistance thus far, there is a greater likelihood EXEL stock's uptrend could fail until proper price confirmation reveals itself.Not that a technical failure in this case is a bad thing. A turn lower in the share price of Exelixis could lead to an eventual double-bottom challenge. But I'd rather be a buyer of EXEL stock initiating a new position as it tests support than an investor long shares on the way down.Having said that, buying EXEL stock above $25.41 and 10 cents above last month's high within the consolidation pattern is the approach I'd use for entering into a long position. And again, as risks don't simply go away, a blended stop below $23.37 makes sense. This exit contains risk to 8% and allows for enough technical wiggle room while putting oneself in a stronger position to buy EXEL during potentially much more challenging and opportunistic times ahead.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Risk-Tolerant Investors, Turn Your Eyes to Exelixis Stock appeared first on InvestorPlace.

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    Bloomberg7 days ago

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  • Benzinga8 days ago

    Raymond James: Biogen's Business Appears Fragile, Faces Many Headwinds

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  • Markit9 days ago

    See what the IHS Markit Score report has to say about Biogen Inc.

    Biogen Inc NASDAQ/NGS:BIIBView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for BIIB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BIIB. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding BIIB is favorable, with net inflows of $28.35 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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    On Monday, the equity markets started the quarter as strong as they ended the first one. The S&P 500 rose 1.2%, yet the healthcare sector was flattish red. It's a bit concerning to see a sector fall as the rest of the market rallies. So is it time to bail out on healthcare stocks?The answer is no, but it's more complicated than that because of the political risk. For as long as I can remember, healthcare stocks have been the target of political hate. Both Democrats and Republicans like beating up on these stocks while they use them for their soap boxes. This became very true during the 2016 elections when both sides of the drug companies became political footballs. Even now, the Republicans want to repeal Obamacare, and both sides want to gloat about crippling their pricing models. Either way, healthcare and drug companies are in the crosshairs.The overall macroeconomic environment still favors the long trade on Wall Street. But this sector has to swim upstream as it fights the added political current. It can do it but the approach is not as easy as finding good fundamentals to bet on. Going long healthcare stocks requires technical help and the positions should be as diverse as possible.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best ETFs for 2019: A Close Race at the Front But there are a few strong tickers within the healthcare sector that I would trade right here regardless of the extrinsic threats. Here are three to consider: Health Care Select Sector SPDR Fund (XLV)Source: Shutterstock First, I'd bet on a sector exchange-traded fund and there are many to choose from. At this stage, the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) best represents the opportunity at hand. It is a basket of great companies proven for the long term. More importantly, and given all the geopolitical risk, the major tickers that make up the XLV pay a handsome dividend. This provides support if we were to have another market wide tizzy because of Brexit or the tariff wars.Furthermore, Johnson and Johnson (NYSE:JNJ), Pfizer (NYSE:PFE) and United Healthcare (NYSE:UNH), which are the top three holdings and comprise almost 25% of the ETF, have reasons to continue to their rallies. So buying the XLV is an easy way to bet on the whole sector without the risk of specific stock headlines. We recently saw what happened to Biogen (NASDAQ:BIIB) when they announced the failure of their Alzheimer drug. Johnson and Johnson (JNJ)Source: Shutterstock Late last year, Johnson and Johnson (NYSE:JNJ) had a headline scare and the stock fell 15% on the headline. They came under fire as they were accused of wrong doing with their Talcum baby powder product. The good news is that it is now clear that management didn't act maliciously. Mistakes happen and sometimes they have tragic consequences but the real problems are when the companies do evil things and this is not the case.Fundamentally, this is still a solid company with over 100 years of proven performance. It will take more than one incident to break it for good.The other saving grace was that when JNJ stock fell last year it did so from an all-time high. This would have been necessary regardless, so the Talc headline merely pushed the time table a bit. This doesn't diminish from the serious illnesses but from a stock perspective, investors over reacted on the headline and have since been clawing back their way.The opportunity in JNJ stock lies in the technicals. Since the drop to $121 per share, the stock has steadily recovered with a series of higher highs and higher lows. The $134 ledge was important for the bulls to retake as it is pivotal. * 7 ETFs to Buy for Serious Diversification Now JNJ stock is butting up against another potential resistance zone but it's also an opportunity. If the buyers can breakout of $140.60, then they can spike again to target the all-time highs once more. This would also close the Dec. 14 gap. This won't be easy and Johnson and Johnson stock will need the market in general to help. AbbVie (ABBV)Source: Shutterstock The AbbVie (NYSE:ABBV) stock cratered on its last earnings report. But its problems started in January 2018 and since then, ABBV stock is down 35% from the closing high.But therein lies the opportunity.The descent in ABBV has developed a sharp descending wedge that needs to resolve itself soon. This is an intense series of lower highs and lower lows that is forming a bottom. The outcome from here is usually a sharp reversal and the bounce carries huge potential. But conversely, if the bottoming process fails, then it would become yet another ledge for even lower lows.Since February, ABBV stock has had higher lows, which usually increase the odds that the bottom is in. But the bulls are running into a wall at the $81 per share zone. So they need a strong push into it so that they can fill the gap all the way to $86. This will be easier said than done but it is the technical opportunity here.Meanwhile, it is imperative that the bulls maintain footing below, so they need to hold $79 per share, or else they risk losing the momentum that they so desperately need to breach the band of resistance.Usually when a quality stock knocks on a roof so many times it increases the odds of breaking through at the slightest trigger. And the move that follows is usually exaggerated, so ABBV has a chance at some redemption.This, of course, is a tactical trade, so I would set hard stop-loss orders for an escape if the short-term support fails.The exact trigger for ABBV stock will be the next earnings report. The reaction to the last one was horrendous as the stock fell 15%. So this will be management's chance to redeem themselves and deliver results that exceed expectations. Looking back in recent history there are no back-to-back negative ABBV earnings reactions on the stock chart.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks From Around the World That Beat U.S. Stocks * 7 Breakout Stocks to Watch in 2019 * 5 Cheap Small-Cap Stocks to Buy Compare Brokers The post 3 Healthcare Stocks to Trade Now appeared first on InvestorPlace.

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