BLUE - bluebird bio, Inc.
Chart Events
Slow Stochastic
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 60.81 |
| Open | 61.00 |
| Bid | 62.34 x 800 |
| Ask | 64.20 x 900 |
| Day's Range | 60.20 - 63.72 |
| 52 Week Range | 38.95 - 143.98 |
| Volume | 1,051,535 |
| Avg. Volume | 1,458,249 |
| Market Cap | 3.541B |
| Beta (5Y Monthly) | 2.36 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -14.95 |
| Earnings Date | Jul 30, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 114.29 |
Fair Value
Related Research
- Business Wire
bluebird bio Announces Live Webcast of EHA Data Review and June Investor Events
bluebird bio, Inc. (NASDAQ: BLUE) today announced that the company will host a live webcast to review new data presented at the European Hematology Association (EHA) Annual Meeting on Friday, June 12 at 8:00 am ET.
- Barrons.com
What Sanofi Might Buy With Its Regeneron Windfall
The drug company has not said what it plans to do with the cash, but analysts speculate that it will pursue a gene therapy company worth around $5 billion.
- Zacks
Bluebird (BLUE) Upgraded to Buy: What Does It Mean for the Stock?
Bluebird (BLUE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
- Motley Fool
FDA Mishaps Have Investors Asking “What’s Going On With bluebird bio?”
Between a string of avoidable problems and instability in the market, bluebird bio might be in for a rough decade.
- GuruFocus.com
8 Biotechs Tapping Secondary Markets for $3 Billion
Company stocks drop on dilution, but monies could benefit shareholders down the line Continue reading...
- SmarterAnalyst
Bluebird Prices New Shares At $55, Seeks To Raise $500 Million
Bluebird Bio (BLUE) priced an offering of 9.09 million shares of its common stock at $55 each, the company said late on Monday.The gene therapy company, which expects the offering to close on May 21, seeks to raise gross proceeds of about $500 million from the sale. Shares in Bluebird were down 0.2% at $57 in Tuesday’s pre-market trading in the U.S. after plunging 34% year-to-date.Bluebird is also giving the underwriters a 30-day option to buy up to an additional 1.36 million shares in common stock. Goldman Sachs, BofA Securities and Cowen are acting as joint book-running managers of the offering.Last week, Bluebird announced that its partner Bristol-Myers Squibb Co. (BMY) will pay the company $200 million to buy out future royalty obligations of its two jointly developed cancer therapies ide-cel and bb21217.Five-star analyst Mark Breidenbach at Oppenheimer, maintained a Buy rating on the stock with a $111 price target, after meeting with Bluebird’s management.“FDA approval of ide-cel remains a top priority for both Bluebird and its partner Bristol-Myers Squibb, especially given BMY’s investment in trials aimed at future label expansions,” Breidenbach wrote in a note to investors. “We believe bb2121 has potential for rapid development in r/r MM, and we project its commercial approval in 2021.”Overall, Wall Street analysts are cautiously optimistic on the company’s stock. Out of 13 analysts, 10 have Buy ratings and 3 have issued Hold ratings adding up to a Moderate Buy consensus. The $99.73 average price target provides investors with 75% upside potential should the target be met in the next 12 months. (See Bluebird stock analysis on TipRanks)Related News: Bristol Myers to Pay Bluebird $200 Million in Royalties For Cancer Drugs Novavax Seeks To Raise $250 Million From Share Sale; Top Analyst Bumps Up PT AstraZeneca, Daiichi Get FDA Breakthrough Status For Gastro Cancer Drug More recent articles from Smarter Analyst: * Autodesk Earnings: Here’s What To Expect Today * Tilray To Shut Ontario Cannabis Greenhouse In Money-Saving Move * Here’s Why Roku Stock Will Stay Afloat * Is CymaBay’s Seladelpar Back in the Saddle? 5-Star Analyst Weighs In
- Business Wire
bluebird bio Announces Pricing of Public Offering of Common Stock
bluebird bio, Inc. (Nasdaq: BLUE) today announced the pricing of an underwritten public offering of 9,090,910 shares of its common stock at a public offering price of $55.00 per share, before underwriting discounts. In addition, bluebird bio has granted the underwriters a 30-day option to purchase up to an additional 1,363,636 shares of common stock. All of the shares in the offering are to be sold by bluebird bio.
- MarketWatch
Bluebird Bio's stock falls after proposed public stock offering
Shares of Bluebird Bio Inc. fell 2.9% in premarket trading Monday, after the gene therapy company said it was proposing a public offering of $400 million worth of common stock. Based on Friday's stock closing price of $56.66, the offering could be for about 7.06 million shares, or about 12.7% of the current shares outstanding. All of the shares would be sold by the company. The stock has dropped 35.8% over the past three months through Friday, while the iShares Nasdaq Biotechnology ETF has gained 7.9% and the S&P 500 has lost 15.0%.
- Business Wire
bluebird bio Announces Proposed Public Offering of Common Stock
bluebird bio, Inc. (Nasdaq: BLUE) today announced that it has commenced an underwritten public offering of $400 million of its common stock. bluebird bio also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering. All of the shares in the proposed offering are to be sold by bluebird bio.
- Zacks
bluebird (BLUE): Strong Industry, Solid Earnings Estimate Revisions
bluebird (BLUE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Business Wire
bluebird bio to Present Data from Its Gene and Cell Therapy Programs During the Virtual Edition of the 25th European Hematology Association Annual Congress
bluebird bio to present data from its gene and cell therapy programs during virtual European Hematology Association Annual Congress.
- Business Wire
Bristol Myers Squibb and bluebird bio to Present Updated Positive Results from Pivotal KarMMa Study of Ide-cel in Relapsed and Refractory Multiple Myeloma Patients at ASCO20
BMS & bluebird bio to Present Updated Positive Results from Pivotal KarMMa Study of Ide-cel in Relapsed and Refractory Multiple Myeloma Patients
- TheStreet.com
Bristol-Myers, Bluebird Bio to Resubmit FDA Bid for Myeloma Treatment
Bristol-Myers Squibb and Bluebird Bio say the FDA declined to move forward on the application for their experimental multiple myeloma treatment.
- Motley Fool
Better Buy: bluebird bio vs. Exelixis
Exelixis (NASDAQ: EXEL) and bluebird bio (NASDAQ: BLUE) are two biotech companies that have been moving in opposite directions on the stock market this year. While Exelixis has provided healthy gains -- its stock is up by 52.1% year to date -- Bluebird's shares have slid by 35.2% since the beginning of the year. With this backdrop in mind, it might be tempting to pick Exelixis as the better stock to buy.
- MarketWatch
Bluebird, Bristol-Myers Squibb have resubmit FDA bid for CAR-T therapy
Shares of Bluebird Bio Inc. declined 5.9% in premarket trading on Wednesday after the company and Bristol-Myers Squibb Co. said the Food and Drug Administration had declined to move forward on the application for their experimental multiple myeloma treatment. Bristol's stock was down 0.1%. In a "refusal to file" letter, the regulatory agency reportedly cited issues with the manufacturing process. Bluebird and Bristol are seeking approval for idecabtagene vicleucel, a chimeric antigen receptor (CAR) T cell immunotherapy; Bristol Myers Squibb plans to resubmit the application in July. Under the terms of the co-development and co-promotion arrangement, the companies share equally in profits, and Bristol earlier this month paid Bluebird a $200 million upfront payment for a second CAR-T therapy in development. Bluebird is building a manufacturing plant in Durham, N.C., for the U.S. market. Since the start of the year, Bluebird's stock is down 35.2%, shares of Bristol have declined 1.3%, and the S&P 500 has tumbled 11.6%.
- Business Wire
Bristol Myers Squibb and bluebird bio Provide Regulatory Update on Idecabtagene Vicleucel (ide-cel, bb2121) for the Treatment of Patients with Multiple Myeloma
BMS and bluebird bio Provide Regulatory Update on Idecabtagene Vicleucel (ide-cel, bb2121) for the Treatment of Patients with Multiple Myeloma
- Barrons.com
Gene-Therapy Treatments for Tay-Sachs, Sickle Cell, Other Diseases to Be Featured in Online Gathering
This week’s online annual meeting of the American Society for Gene and Cell Therapy will take place on the web.
- Motley Fool
Bristol Myers Squibb Offers bluebird bio a $200 Million Royalty Buyout
The pharma giant and the smaller biotech will keep working together on a couple of promising CAR-T cancer therapies.
- Reuters
Bristol Myers to pay bluebird $200 million for future royalties on cancer therapies
The treatments, ide-cel and bb21217, are part of a class of drugs called CAR-T therapies that involve drawing white blood cells from a patient, processing them to target cancer cells, and infusing them back into the patient. The companies will continue to equally share profits and losses in the United States, bluebird said. The company also said it was going to reduce the investment in building a U.S. commercial organization, and that its Chief Executive Officer Nick Leschly will decline nearly 100% of his salary for the next 12 months.
- Zacks
Bluebird Bio (BLUE) Reports Q1 Loss, Tops Revenue Estimates
Bluebird (BLUE) delivered earnings and revenue surprises of 7.61% and 147.26%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
bluebird bio Announces Amended BCMA CAR-T Collaboration Agreement
bluebird bio, Inc. (NASDAQ: BLUE) today announced that it has amended its existing co-promotion/co-development agreement with Bristol Myers Squibb (BMS) to enable the companies to focus their efforts on efficient commercialization of idecabtagene vicleucel (ide-cel; bb2121) in the U.S., the companies’ lead investigational B-cell maturation antigen (BCMA)-directed chimeric antigen receptor (CAR) T cell immunotherapy, currently in review with the FDA.
- Business Wire
bluebird bio Provides Operational and Business Update and Reports First Quarter 2020 Financial Results
bluebird bio, Inc. (NASDAQ: BLUE) today reported financial results and business highlights for the first quarter ended March 31, 2020 and provided an operational update.
- Zacks
Is a Surprise Coming for bluebird bio (BLUE) This Earnings Season?
bluebird bio (BLUE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- Business Wire
bluebird bio to Present Updated Results From Pivotal Phase 2 KarMMa Study of Ide-cel in Relapsed and Refractory Multiple Myeloma During ASCO20 Virtual Scientific Program
bluebird bio, Inc. (Nasdaq: BLUE) announced today that updated results from the pivotal Phase 2 KarMMa study evaluating the efficacy and safety of idecabtagene vicleucel (ide-cel; bb2121), an investigational B-cell maturation antigen (BCMA)-directed chimeric antigen receptor (CAR) T cell therapy, in heavily pre-treated patients with relapsed and refractory multiple myeloma (RRMM) will be presented, in partnership with Bristol Myers Squibb, during the American Society of Clinical Oncology 2020 (ASCO20) Virtual Scientific Program beginning on May 29.
- Motley Fool
Better Buy: Crispr Therapeutics vs. bluebird bio
Bluebird has also been outperformed by one of its competitors in the gene-editing industry, namely CRISPR Therapeutics (NASDAQ: CRSP). Shares of CRISPR are down by 13.1% since the year started. CRISPR Therapeutics currently has no approved products.
