CELG - Celgene Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
93.42
-0.34 (-0.36%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close93.76
Open93.70
Bid93.20 x 900
Ask93.74 x 3100
Day's Range93.21 - 94.05
52 Week Range58.59 - 95.44
Volume5,837,398
Avg. Volume10,084,746
Market Cap65.623B
Beta (3Y Monthly)2.03
PE Ratio (TTM)16.95
EPS (TTM)5.51
Earnings DateMay 2, 2019 - May 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est96.83
Trade prices are not sourced from all markets
  • Will Bristol-Myers (BMY) Disappoint This Earnings Season?
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    Will Bristol-Myers (BMY) Disappoint This Earnings Season?

    Performance of Opdivo and the impending acquisition of Celgene Corporation will be key areas of focus for the investors, when Bristol-Myers (BMY) reports first-quarter results.

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    How Marijuana Legalization Affected OrganiGram and Aphria's Latest Results

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  • Moody's6 days ago

    Bristol-Myers Squibb Company -- Moody's assigns A2 to Bristol-Myers's exchange notes; under review for downgrade

    Moody's Investors Service ("Moody's") assigned an A2 rating to Bristol-Myers Squibb Company's ("Bristol") proposed new senior unsecured exchange note offering. The rating is under review for downgrade. There are no changes to Bristol's existing ratings including the A2 senior unsecured long-term rating or the Prime-1 short-term rating, and these ratings remain under review for downgrade.

  • Business Wire6 days ago

    Bristol-Myers Squibb Company Announces Commencement of Exchange Offers and Consent Solicitations for Celgene Notes

    Bristol-Myers Squibb Company announced today the commencement, in connection with its previously announced acquisition of Celgene Corporation , of an exchange offer for any and all outstanding notes issued by Celgene for up to $19,850,000,000 aggregate principal amount of new notes to be issued by Bristol-Myers Squibb and cash.

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  • Why Amgen Stock Could Break Out to New Highs
    InvestorPlace7 days ago

    Why Amgen Stock Could Break Out to New Highs

    At first glance, shares of Amgen (NASDAQ:AMGN) look quite volatile. Upon further inspection, though, the six-month range in AMGN stock is actually pretty tight -- and it's been getting even tighter, as the stock has spent much of 2019 gathering in tightening coil. This sets up for a potentially large move. This move can happen in either direction, with bulls hoping Amgen stock resolves higher. * 7 Stocks That Can Outperform for Years Source: Richard Masoner via Flickr There are a lot of considerations when it comes to pulling the trigger on a name like Amgen. It's not just the technicals, but also the dividend, its valuation and growth profile. Let's take a closer look, first with the charts. Trading AMGN Stock Click to EnlargeAMGN is not the kind of stock that traders are normally drawn to. That's more for the names like Advanced Micro Devices (NADSAQ:AMD), Tesla (NASDAQ:TSLA) and others. But that doesn't mean we can't trace the technicals on AMGN stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the end of March, AMGN stock was showing weakness and threatening to break down from a short-term double-top. Fast-forward about two weeks and Amgen stock is above all of its major moving averages. While being rejected by downtrend resistance (black line), shares are hanging just below this mark. Could that set up a breakout?That's what I'm looking for in AMGN stock. A drop down to about $190 would give bulls a chance to initiate a position near the 20-day moving average and uptrend support. Whether the pullback is done here, near $193, or drops to $190, as long as support holds, it could give AMGN stock the energy it needs to push through resistance.On the upside, a push through $196 could eventually ignite Amgen up to $206. Shares put in a double-top at this level in the fourth quarter, so it wouldn't be surprising to see this area act as resistance on AMGN's first try. On the downside, watch for support from the 50-day moving average at $188 -- provided uptrend support does not buoy Amgen.Below that, and a drop into the low-$180s is possible. Valuing Amgen StockAmgen stock is looking better and better on the charts, but that doesn't mean there aren't things to like about its fundamentals.For starters, AMGN stock has a 3% dividend yield. Management gave a ~10% bump in December, following increases of ~15% in each of the last two years ago. While the company has experienced lower growth than the past few years, it's clear management is putting an emphasis on returning capital to investors.There's also the valuation, which stands at less than 14 times this year's earnings. There is a catch, though: While this is a below-market valuation, we have to consider it versus its peers as well as against Amgen's own growth profile. When compared to names like Celgene (NASDAQ:CELG), Bristol-Myers Squibb (NYSE:BMY) (who are in M&A discussions) and Gilead (NASDAQ:GILD), Amgen stock is expensive.These stocks trade at roughly 10 times earnings or less, so, at 13.7 times this year's earnings, Amgen looks less attractive. It would help if it had better growth, too. Analysts expect revenue to decline almost 4% this year and for earnings to fall about 2% year over year. That said, consensus expectations do call for a rebound in both metrics in 2020 while AMGN could always top expectations this year. After all, it has beat -- rather impressively, I might add -- top- and bottom-line expectations in each of the past four quarters. * 10 Stocks That Are Screaming Buys Right Now One last note, AMGN stock is actually trading at a discount compared to its five-year average valuation -- and that's not just the price-to-earnings ratio either. Amgen isn't perfect, but if shares are going to break out this year, I don't expect the valuation to inhibit that move.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Why Amgen Stock Could Break Out to New Highs appeared first on InvestorPlace.

  • Why Celgene Shareholders Should Hold On to Their Bristol-Myers Squibb Stock Once the Acquisition Closes
    Motley Fool7 days ago

    Why Celgene Shareholders Should Hold On to Their Bristol-Myers Squibb Stock Once the Acquisition Closes

    The fat lady is getting ready to sing with this big pharma deal. Celgene shareholders will soon have a decision to make.

  • GuruFocus.com7 days ago

    David Rolfe Comments on Celgene

    We wrote in our last Letter that Celgene (NASDAQ:CELG) had recently announced it was being acquired by Bristol-Meyers Squibb in a $74 billion stock and cash acquisition. Over the course of the quarter, activist investors spoke out against the deal, large Bristol shareholders came out in support of it, and, finally, Institutional Shareholder Services (ISS) issued its opinion in favor of the deal going through. Warning! GuruFocus has detected 2 Warning Sign with CELG.

  • Celgene (CELG) Gains As Market Dips: What You Should Know
    Zacks7 days ago

    Celgene (CELG) Gains As Market Dips: What You Should Know

    Celgene (CELG) closed at $95.10 in the latest trading session, marking a +1.02% move from the prior day.

  • GuruFocus.com8 days ago

    David Rolfe's Wedgewood Partners 1st-Quarter 2019 Client Letter

    Top first quarter performance detractors include Qualcomm, Berkshire Hathaway, Booking Holdings, Alphabet Class C, and Starbucks, plus Charles Schwab and C.H. Robinson. During the quarter we sold Qualcomm and trimmed positions in Ross Stores, Old Dominion Freight Line, and Charles Schwab.

  • Bristol-Myers' Shareholders Vote for Celgene Acquisition
    Zacks8 days ago

    Bristol-Myers' Shareholders Vote for Celgene Acquisition

    Bristol-Myers' (BMY) gets a green signal from a majority of its shareholders for the merger with Celgene Corporation.

  • CNBC10 days ago

    Bristol-Myers CEO: We're 'one step closer to creating that great company' with Celgene

    "When the two companies come together, we'll have two growing businesses," Caforio said in an interview with "Mad Money's" Jim Cramer. It's going to be a great company, [will] create value for shareholders, [and will be] very good for patients," he said. "I'm focused and we're focused on creating value for the long term and we're getting to work on the integration ... I believe the value of the new company will be demonstrated rapidly," he says.

  • Bristol-Myers says shareholders vote to approve Celgene takeover
    Reuters11 days ago

    Bristol-Myers says shareholders vote to approve Celgene takeover

    Bristol-Myers Squibb Co's shareholders voted to approve the drugmaker's $74 billion acquisition of biotech Celgene Corp on Friday despite a campaign by activist hedge fund Starboard Value LP to scuttle the deal. "We, from a management perspective, from a board perspective, truly believe this is the right transaction for us," Bristol-Myers Chief Executive Giovanni Caforio told reporters after the vote. "The focus is on us right now to execute on the integration and then deliver the value of the combined portfolio, to confirm that the new company will deliver significant value for shareholders," he said.

  • TheStreet.com11 days ago

    Bristol-Myers Squibb Shareholders Approve Celgene Tie-Up

    More than 75% of Bristol-Myers shareholders voted to approve the deal, according to a preliminary tally announced by Bristol-Myers on Friday. Bristol-Myers' position took a positive turn in late March after an influential shareholder advisory group recommended investors vote in favor of the cancer drug specialist's takeover, and a key activist dropped its opposition to the deal. Institutional Shareholder Services recommended the deal, which had been challenged by key Bristol-Myers shareholders Starboard Value and Wellington Management, ahead of Friday's vote.

  • CNBC11 days ago

    Bristol-Myers shareholders approve drugmaker's $74 billion deal with Celgene

    Bristol-Myers Squibb shareholders approve the pharmaceutical giant's $74 billion acquisition of cancer drugmaker Celgene. More than 70% of eligible shareholders voted for the deal, the company said Friday. Bristol-Myers Squibb BMY shareholders approved the pharmaceutical giant's $74 billion acquisition of cancer drugmaker Celgene in a vote on Friday.

  • Business Wire11 days ago

    Celgene Stockholders Approve Proposed Acquisition by Bristol-Myers Squibb

    Celgene Corporation (CELG) today announced that its stockholders have voted to approve the company’s proposed combination with Bristol-Myers Squibb Company (BMY). Approximately 98% of the votes cast, and over 70% of the shares outstanding and entitled to vote, voted in favor of the transaction at the special meeting. “On behalf of the Celgene Board of Directors, I would like to thank our stockholders for their overwhelming support of this transaction,” said Mark Alles, Chairman and Chief Executive Officer of Celgene.

  • Financial Times11 days ago

    Bristol-Myers shareholders approve $90bn Celgene takeover

    Celgene shareholders also gave their support for the deal, which is expected to close in the third quarter but awaits US regulatory approval. “Together with Celgene, we will create a premier innovative biopharma company with leading scientific capabilities that is well positioned to address the needs of patients through high-value innovative medicines,” Bristol-Myers chairman and chief executive Giovanni Caforio said in a statement.

  • Concert Pharma Initiates Early-Stage Schizophrenia Study
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    Concert Pharma Initiates Early-Stage Schizophrenia Study

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  • Bristol-Myers CEO: We're 'one step closer to creating that great company' with Celgene
    CNBC Videos10 days ago

    Bristol-Myers CEO: We're 'one step closer to creating that great company' with Celgene

    Celgene brings to Bristol-Myers five late-stage products that could be approved in the near term, Caforio said.

  • 'One step closer to creating that great company' with Celgene, says Bristol-Myers CEO
    CNBC Videos10 days ago

    'One step closer to creating that great company' with Celgene, says Bristol-Myers CEO

    Celgene brings to Bristol-Myers five late-stage products that could be approved in the near term, Caforio said.