why is alexion stock dropping

The stock is. The company also reported that 40% of patients in the U.S. taking Soliris for paroxysmal nocturnal hemoglobinuria had switched to Ultomiris, the company’s update on Soliris, which hit the market in January. A closer look at Alkermes Total Expenses over the last few years and the outlook. Alexion Pharmaceuticals stock hasn’t moved much this year. High institutional ownership can be a signal of strong market trust in this company. He has a price target of $180 on the stock, well above Wednesday’s closing level of $120.97. Alexion got a boost late in the month when Spanish television network Intereconomia cited unnamed sources who said Amgen could offer $200 per share to buy the biotech, which would peg its value at close to $45 billion. The company is also involved in immune system research related to autoimmune diseases. The stock is down more than 11% as of 12:30 a.m. EDT after the company released top-line results from a phase 3 clinical study. Still, the company faces a number of challenges, including patent issues, the coming launch of Soliris biosimilars in some jurisdictions, increasing competition, and questions about its pipeline of drugs under development. S&P 500 0.67%. The company, focused in the biotechnology space, is presently priced at $113.68 after a move down of -5.65% so far in today’s session. Write to Josh Nathan-Kazis at josh.nathan-kazis@barrons.com. During the last day, the stock moved $0.93 between high and low, or 1.89%.For the last week, the stock has had a daily average volatility of 3.55%.. Our recommended stop-loss: $47.83 (-3.61%) (This stock has medium daily movements and this gives medium risk. Currently, there are many ATMs … To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Read Zacks Investment Research's latest article on Investing.com Past 3 Months – Throughout the past three months, the stock has generated a ROI that works out to -10.97%; Past Six Months – Throughout the last six months, we have seen a change that works out to 1.25% from the company. As patients switch to Ultomiris, the patents on Soliris become less important. It was a roller coaster of a month for the biotech. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. You’ve got to feel for Alexion Pharmaceuticals shareholders this week. The stock has a 52-week range between $137.52 and $72.67. Cumulative Growth of a $10,000 Investment in Stock Advisor, Here's Why Alexion Pharmaceuticals Dropped 11% in August @themotleyfool #stocks $ALXN $AMGN, Why Alexion Pharmaceuticals Is Soaring and AstraZeneca Is Sinking Today, Got $10,000? On the stock market today, Alexion stock tumbled 6.6%, to 115.33. It is an unexpected target, but a canny one. The Anglo-Swedish drugs company is putting its paper to work in a $39bn stock-and-cash acquisition of US biotech Alexion. Alexion Pharmaceuticals Inc. [ALXN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. Looking forward. This company has reported somewhat volatile earnings recently. He has written about biotech, pharmaceutical, and medical device companies for The Motley Fool since 2007. An error has occurred, please try again later. 87.27% of the stock of Alexion Pharmaceuticals is held by institutions. ALXN 153.48 0.87 … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This copy is for your personal, non-commercial use only. Trending now. Sharp declines in each stock could cause the biotech group to deteriorate further, as the charts are signaling might happen. Shares closed down 1.2% … shareholders this week. You’ve got to feel for NASDAQ 1.67%. First option recovery says:. The company, maker of the rare-disease drug Soliris, put up strong numbers in its earnings report on Wednesday, and on Thursday morning, analysts heaped praise on the business. With 86% rev coming from their C5 inhibitor it’s common sense to see rev dropping over time. On Wednesday morning, Alexion reported quarterly earnings per share of $2.64, 13% better than the consensus estimate of $2.34, according to FactSet. Earnings reports or recent company news can cause the stock price to drop. As it relates to biotech companies, there are quite a few factors that have the potential to cause price movement in the market. Is Alexion Pharmaceuticals a good investment or a top pick? Of those polled by FactSet, 84% rate it at Buy or Overweight. The stock should be watched closely. Alexion got a boost late in the month when Spanish television network Intereconomia cited unnamed sources who said Amgen could offer $200 per share to buy the … Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. But that's not new. Investors remain wary of the drugmaker. Why is Alexion Pharmaceuticals stock dropping? ALEXION PHARMACEUTICALS INC's earnings per share declined by 43.0% in the most recent quarter compared to the same quarter a year ago. Alexion shares traded down 5.45% at $98.18 at time of publication on Tuesday. Should I buy Alexion Pharmaceuticals, Inc. (ALXN)? The Alexion Pharmaceuticals stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Previous Next . Shares zoomed up, but the bump was rather fleeting -- that'll happen with unsubstantiated rumors. We’re motley! This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Sales of Soliris were $980.8 million in the second quarter alone, making up 80% of Alexion's product sales. Alexion Pharmaceuticals (NASDAQ:ALXN) stock hasn't moved much this year. Read the latest stock experts ratings for Alexion Pharmaceuticals. Here Are 3 Game-Changing Stocks to Buy, Got $1,000? Still, SVB Leerink’s Geoffrey Porges, who rates the company Outperform, said that patent litigation remains a challenge. While the share price declined over five years, Alexion Pharmaceuticals actually managed to increase EPS by an average of 22% per year. https://www.barrons.com/articles/alexion-stock-is-falling-despite-strong-earnings-51564064913. “Alexion continues to execute; investors continue to not care,” wrote Cowen analyst Phil Nadeau in a note out Thursday. RespireRx Pharmaceuticals Inc. engages in the discovery and development of pharmaceuticals for the treatment of respiratory disorders. Patients will still use Soliris for diseases other than PNH, but Alexion has methods patents for use in the those diseases that expire in the 2023 to 2026 time frame, giving it some time to milk the drug -- and perhaps even switch those patients to Ultomiris. This stock has average movements during a day and with good trading volume, the risk is considered to be medium. Shares were down 0.9% in early trading on Thursday. For the best Barrons.com experience, please update to a modern browser. Shares closed down 1.2% on Wednesday, and slipped further on Thursday. Stocks Analysis by Zacks Investment Research covering: Johnson & Johnson, Alexion Pharmaceuticals Inc, Novartis AG ADR. Alexion (ALXN) reported earnings 30 days ago. Despite growing its EBITDA per share by nearly 100% since 2018, the company's stock … Market data powered by FactSet and Web Financial Group. 2.5 Earnings and Valuation. Porges lowered his price target to $172 from $180, due in part to a drop in his revenue forecast for the company, as well as sector-wide trends. It employs around 2,400 people worldwide. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. It was a roller coaster of a month for the biotech. Targeted inhibitors up the chain are the future. The back story. Alexion Pharmaceuticals Shares of Alexion are down 11% over the past 12 months, though the stock is beloved by sell-side analysts. “Alexion continues to execute; investors continue to not care,” wrote Cowen analyst Phil Nadeau in a note out Thursday. Alexion Pharmaceuticals Inc. [ALXN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.48. “Diversification away from Soliris should help investors appreciate the sustainability of the franchise,” wrote Citi Research analyst Mohit Bansal, who rates the company Buy. Total Expense for Alkermes significantly increased from $1.05 … Here's Why Alexion Pharmaceuticals Dropped 11% in August. Alexion Pharmaceuticals, Inc. Common Stock (ALXN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Dr. Orelli is a Senior Biotech Specialist. Ultomiris’ strong switching data was also a point of contention for Evercore ISI analyst Josh Schimmer, who said the stock drop “seems like an overreaction to us.” … What's next for the stock? Alexion Pharmaceuticals Inc. is an American pharmaceutical company best known for its development of Soliris, a drug used to treat the rare disorders atypical hemolytic uremic syndrome (aHUS) and paroxysmal nocturnal hemoglobinuria (PNH). C5 inhibitors Carry a significant infection risk. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Some analysts were effusive. Shares of Alexion Pharmaceuticals (NASDAQ:ALXN) ended August down 11% according to data provided by S&P Global Market Intelligence, as the biotech experienced a roller coaster to finish off the month. Monthly – The performance from Alexion Pharmaceuticals, Inc. in the past 30 days has been -11.49%. Alexion Pharmaceuticals, Inc. 153.48 0.87 (0.57%) Alexion Pharmaceuticals, Inc. NASDAQ Updated Mar 11, 2021 5:36 AM. Alexion Pharmaceuticals (ALXN) stock crashed Friday after officials agreed to review Amgen 's (AMGN) challenge to the patents covering Alexion's blockbuster drug, Soliris. “While a top-/bottom-line beat/raise are obvious indicators of strength, we think just as important are other indicators such as Ultomiris conversion, pipeline progress, and continued efficient capital deployment,” wrote PiperJaffray’s Christopher Raymond, who rates the company Overweight. Fortunately, Alexion has already developed a follow-on treatment for PNH called Ultomiris that generated $54.2 million in the second quarter. “In short, all management has done since taking the helm ~2 years ago is execute.”. We take a look at earnings estimates for some clues. Amgen stock also fell 2.1%, to 199.08. A hearing with the European Patent Office in connection with Soliris patent protections is scheduled for September. Earnings Growth. But that’s not new. Questions around COVID-19 have gone from being about science to being about trust. Earnings for Alexion Pharmaceuticals are expected to grow by 5.30% in the coming year, from $11.14 to $11.73 per share. A few days later, the U.S. Patent Office's patent trial and appeal board disclosed that it will review three of Alexion's patents on top-selling Soliris at the request of Amgen, which is developing a biosimilar to Soliris that treats a blood disorder called paroxysmal nocturnal hemoglobinuria (PNH) and a few other diseases. Returns as of 03/14/2021. Interestingly, both the highs and lows involved Amgen (NASDAQ:AMGN).

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