How These Biotech Stocks are Faring? -- bluebird bio, Sage Therapeutics, Ultragenyx Pharma, and Alder Biopharma
NEW YORK, August 10, 2016 /PRNewswire/ --
Despite regulatory concerns, M&A activities are expected to continue pushing some Biotech stocks to new highs. The industry belongs in the Healthcare sector which was up by 0.6% on Tuesday, August 09, 2016. Stock-Callers.com takes a look at today's featured companies and see how they fared at the close: bluebird bio Inc. (NASDAQ: BLUE), Sage Therapeutics Inc. (NASDAQ: SAGE), Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), and Alder Biopharmaceuticals Inc. (NASDAQ: ALDR). Register now and get full and free access to our downloadable research reports on these stocks at:
On Tuesday, Cambridge, Massachusetts headquartered bluebird bio Inc.'s stock recorded a trading volume of 536,426 shares and ended the session 1.35% higher at $56.21. The Company's shares have surged 15.49% in the last one month and 37.77% in the previous three months. The stock is trading 20.02% above its 50-day moving average and 5.75% above its 200-day moving average. Moreover, shares of bluebird bio, which focuses on developing transformative gene therapies for severe genetic and rare diseases, have a Relative Strength Index (RSI) of 59.35.
On August 3rd, 2016, the company reported that collaboration revenue was $1.6 million for the Q2 2016 compared to $4.9 million for Q2 2015. The company's net loss was $58.8 million for Q2 2016 compared to $51.8 million for Q2 2015.
On August 04th, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $105 a share to $85 a share. Access our complete research report on BLUE for free at:
Cambridge, Massachusetts headquartered Sage Therapeutics Inc.'s stock closed the day 13.19% lower at $36.86. A total volume of 2.40 million shares was traded, which was above their three months average volume of 863,130 shares. The Company's shares have advanced 9.54% in the past month and 6.50% over the previous three months. The stock is trading 2.29% above its 50-day moving average. Additionally, shares of Sage Therapeutics, which develops and commercializes novel medicines to treat central nervous system disorders, have an RSI of 39.94.
On August 9th, 2016, Sage Therapeutics reported net loss of $34.7 million for Q2 2016 compared to net loss of $25.0 million for Q2 2015. The company's cash, cash equivalents, and marketable securities were $272.3 million as of June 30th, 2016, compared to $186.8 million at December 31st, 2015. The complimentary research report on SAGE can be downloaded at:
Shares in Novato, California headquartered Ultragenyx Pharmaceutical Inc. recorded a trading volume of 456,142 shares. The stock ended yesterday's trading session 0.58% lower at $64.97. The Company's shares have advanced 22.86% in the past month and 2.23% in the previous three months. The stock is trading above its 50-day moving average by 11.23%. Furthermore, shares of Ultragenyx Pharmaceutical, which focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the US, have an RSI of 63.17.
On August 08th, 2016, Ultragenyx reported a net loss of $56.9 million, or $1.46 per share (basic and diluted), for Q2 2016 compared to a net loss of $29.8 million, or $0.83 per share (basic and diluted) for Q2 2015. The company's total operating expenses for Q2 2016 were $58.1 million compared to $30.1 million for Q2 2015. Register for free on Stock-Callers.com and get access to the latest PDF format report on RARE at:
Bothell, Washington headquartered Alder Biopharmaceuticals Inc.'s stock finished Tuesday's session 0.92% higher at $30.70 and with a total volume of 219,333 shares traded. The Company's shares have advanced 14.21% in the last one month and 17.53% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 9.79% and 9.92%, respectively. Additionally, shares of Alder Biopharmaceuticals, which discovers, develops, and commercializes therapeutic antibodies in the US and Australia, have an RSI of 57.14.
On July 25th, 2016, Alder BioPharmaceuticals announced top-line 24-week data demonstrating persistent migraine prevention in a Phase 2b clinical trial evaluating ALD403 in patients with chronic migraine. The company noted that the 24-week data confirm and extend the 12-week data reported previously, including the 75% reduction in migraine days over 12 weeks and the mean reduction in migraine days from baseline, the primary efficacy and secondary endpoints, respectively. In March 2016, Alder reported that the Phase 2b study met both the primary efficacy endpoint, a 75% reduction in migraine days over 12 weeks, and the secondary efficacy endpoint of mean reduction in migraine days from baseline. Download your free research report on ALDR at:
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