One analyst is convinced the biotech stock plunge is 'misguided' (IBB, ALXN, BIIB, VRTX, GILD)

Some investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.

Biotech stocks fell more than 3%, their biggest one-day drop this year.

But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains of 3% for […]

Biotech stocks have been getting destroyed, but one analyst says the sell off is 'misguided' (IBB, ALXN, BIIB, VRTX …

Akin Oyedele

Mar. 26, 2015, 8:22 AM
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Wikimedia CommonsSome investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.Biotech stocks fell more than 3%, their biggest one-day drop this year.But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains […]

Biotech stocks have been getting destroyed, but one analyst says the sell off is 'misguided'

View photo.(Wikimedia Commons)Some investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.Biotech stocks fell more than 3%, their biggest one-day drop this year.But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains of 3% for the […]

Why Array BioPharma Shares Spiked

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.What: Shares of Array BioPharma (NASDAQ: ARRY ) , a biopharmaceutical company focused on the development of small molecule drugs for the treatment of cancer and inflammatory diseases, […]