- Celgene Corporation stock price today and history
Celgene Corporation (CELG) stock prices updated...
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Celgene Corporation stock price, CELG
Celgene Corporation stock chart:
Celgene Corporation close price: 119.44
Stock price forecast:
UP TO +0.30%
Total forecasts: 43
Reached: 16 (37.21%)
Total Win: 10.79 (9.25%)
Showing 1-10 of 348 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Celgene Corporation latest news:
Celgene's 2% share decline may be due to disappointing 2020 guidance, analyst says
Celgene Corp. shares, which declined 2.4% in morning trade, may be sliding because investors hoped the company would raise its 2020 guidance today, Evercore ISI analyst Mark Schoenebaum said Thursday. Celgene officially reported fourth-quarter earnings Thursday, but the company had announced guidance earlier this month. Based on "bullish" statements by company management at the J.P. Morgan Health Care conference in mid-January, "some folks thought that CELG might officially raise their 2020 guidance today," Schoenebaum said, cautioning that he can't be sure that contributed to the decline. But "this is classic CELG stock behavior around quarterly results," he said. "There seems to always be a pre-call thesis out there that they'll raise guidance." The company may have said it can grow EPS every year from 2020 to 2030 but that "would be a remarkable accomplishment," he said. Celgene shares have risen 13.3% over the last three months, compared with a 7.5% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Celgene Could Jump 22%
In the last three months, shares of Celgene (CELG) are up nearly 14%. The stock jumped after the third-quarter earnings report on Oct. 27. Then, last week, at the J.P. Morgan Healthcare Conference, Celgene (CELG) reported preliminary fourth-quarter and fiscal 2016 year-end results.
Celgene Raises 2017 Guidance, Shares Fall Anyway
Celgene(CELG) shares are falling despite the fact that the company raised 2017 revenue and profit projections while at the J.P. Morgan Healthcare Conference. The Summit, N.J.-based biotech company, which is focused on multiple myeloma drug, Revlimid, announced Monday that it was raising revenue and profit projections for 2017, which it had previously set in October.
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