NEW YORK, February 23, 2017 /PRNewswire/ --
Today's attention is directed to the Biotech industry which has started posting gains again after a loss of more than 20% in 2016. According to an article on Seeking Alpha, the rally is likely to continue, as the biggest play in the sector, the iShares Nasdaq Biotechnology ETF, is up by more than 10% on the year, whereas the SPDR S&P Biotech ETF is up by over 17%. Pre-market, Stock-Callers.com has issued research reports on these four stocks: Juno Therapeutics Inc. (NASDAQ: JUNO), Protalix BioTherapeutics Inc. (NYSEMKT: PLX), ImmunoGen Inc. (NASDAQ: IMGN), and ContraVir Pharmaceuticals Inc. (NASDAQ: CTRV). Download the free research reports on these stocks today:
Seattle, Washington headquartered Juno Therapeutics Inc.'s shares saw a slight decline of 0.17%, finishing Wednesday's trading session at $23.05. A total volume of 1.44 million shares was traded. In the last one month and since the start of this year, the stock has advanced 17.84% and 22.28%, respectively. The Company's shares are trading above their 50-day moving average by 14.60%. Moreover, shares of Juno Therapeutics, which engages in developing cell-based cancer immunotherapies, have a Relative Strength Index (RSI) of 64.68.
On February 22nd, 2017, Juno Therapeutics announced that it will report financial results for Q4 2016 and full year 2016, on March 01st, 2017, after the close of US-based financial markets. Following the announcement, Juno's management will host a conference call to provide a business update and discuss financial results beginning at 2:00 p.m. PT.
Yesterday, research firm Wells Fargo initiated an 'Outperform' rating on the Company's stock. See our free and comprehensive research report on JUNO at:
On Wednesday, shares in Carmiel, Israel-based Protalix BioTherapeutics Inc. recorded a trading volume of 2.29 million shares, and ended the session 0.94% lower at $1.05. The stock has surged 105.88% in the last one month, 114.29% in the previous three months, and 133.33% on an YTD basis. The Company's shares are trading 82.80% and 72.91% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of Protalix BioTherapeutics, which focuses on the development and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx protein expression system in Israel and internationally, have an RSI of 66.67.
On February 15th, 2017, Protalix BioTherapeutics announced that its board of directors approved the record date for the Company's 2017 Annual Meeting of Stockholders to be held on or about April 10th, 2017. Holders of the Company's common stock at the close of business on March 15th, 2017, the record date, will be entitled to receive notice of, and to vote at, the Annual Meeting. PLX free research report PDF is just a click away at:
Shares in Waltham, Massachusetts headquartered ImmunoGen Inc. closed the day flat at $2.47 with a total trading volume of 861,718 shares. The stock has gained 19.32% in the previous three months and 21.08% since the start of this year. The Company's shares are trading 12.17% above their 50-day moving average. Additionally, shares of ImmunoGen, which develops targeted anticancer therapeutics, have an RSI of 60.89.
On February 17th, 2017, ImmunoGen reported revenues for the six month transition period ended December 31st, 2016, of $21.5 million compared to $32.9 million for the six months ended December 31st, 2015. ImmunoGen reported a net loss of $78.9 million, or $0.91 per basic and diluted share, for the Company's six month fiscal year transition period ended December 31st, 2016, compared to a net loss of $67.0 million, or $0.77 per basic and diluted share, for the same period last year. ImmunoGen had approximately $160.0 million in cash and cash equivalents as of December 31st, 2016. Sign up for your complimentary report on IMGN at:
At the closing bell yesterday, shares in Edison, New Jersey headquartered ContraVir Pharmaceuticals Inc. ended flat at $1.53 with a total trading volume of 334,364 shares. The stock has advanced 7.75% in the last one month and 27.50% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.21% and 13.86%, respectively. Furthermore, shares of ContraVir Pharma, which operates as a biopharmaceutical company focused on the development of antiviral drugs with a primary emphasis on the treatment of Hepatitis B virus infections, have an RSI of 54.74.
On January 03rd, 2017, ContraVir announced that the Company was awarded a $297,875 CAD research grant from the National Research Council in Canada through the Council's Industrial Research Assistance Program. Proceeds from the grant will fund a substantial portion of personnel expenses, including the hiring of additional laboratory staff, which is expected to advance preclinical development of ContraVir's potent cyclophilin inhibitor CRV431 for the Treatment of Hepatitis B. Register for free on Stock-Callers.com and download the latest research report on CTRV at:
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