Chart: Biotech Stocks - Week Over Week Price & Volume Breakouts

by: Robert Zenilman

Rob Zenilman submits: Last week’s price movement in the Biotech sector ranged from +7.7% (NASDAQ:ALXN) to -35.1% (NASDAQ:NBIX). MEDI & NBIX led week over week volume increases at 211.0% & 142.4%, respectively.

A new 52 week high was made by CELG ($46.90).
New 52 week lows were made by MEDI ($26.44) & NBIX ($8.61).

Key developments that drove individual stocks:

● MedImmune (MEDI) announced on June 22nd that is had priced "$500 million principal amount of Convertible Senior Notes due 2011 (the "2011 notes") and $500 million principal amount of Convertible Senior Notes due 2013 (the "2013 notes" and, collectively with the 2011 notes, the "notes"), through offerings to qualified institutional buyers ..."

● Shares of Neurocrine Biosciences (NBIX) plunged after they announced that due to continuing regulatory delays , their agreement to develop indiplon jointly with Pfizer was terminated.


* View More Biotech Sector Charts *

Data in table version -- click on a ticker for opinion and analysis of the company:
Price Volume
Ticker Company Change Change
AFFX Affymetrix Inc. -4.5%
0.2%
ALXN Alexion Pharmaceuticals Inc. 7.7%
-36.6%
AMGN Amgen Inc. -2.8%
-37.7%
AMLN Amylin Pharmaceuticals Inc. 6.7%
-47.7%
BIIB Biogen Idec Inc. -2.8%
-39.6%
BMRN BioMarin Pharmaceutical Inc. 0.4%
-41.3%
BSTE Biosite Incorporated 1.4%
-8.1%
CELG Celgene Corporation 5.5%
34.9%
DNA Genentech Inc. -2.4%
-27.1%
ELN Elan Corp. plc 1.5%
-51.0%
GILD Gilead Sciences Inc. -4.0%
-24.6%
GPRO Gen-Probe Inc. 4.5%
-41.2%
IMCL Imclone Systems Inc. 1.8%
85.8%
INCY Incyte Corp. 2.0%
-36.4%
ISTA ISTA Pharmaceuticals Inc. -1.0%
-30.2%
KOSP KOS Pharmaceuticals Inc. 0.5%
-41.4%
MEDI MedImmune Inc. -9.6%
211.0%
NABI Nabi Biopharmaceuticals 7.2%
-35.9%
NBIX Neurocrine Biosciences Inc. -35.1%
142.4%
ONXX Onyx Pharmaceuticals Inc. -6.3%
-39.6%
PGNX Progenics Pharmaceuticals Inc. 1.8%
-5.1%
PHRM Pharmion Corp. -4.9%
-59.2%
TELK Telik Inc. -1.7%
-20.9%
VRTX Vertex Pharmaceuticals Inc. -4.2%
-27.0%

Data: CapitalIQ

Related:

  1. Most recent opinion and analysis of Biotech stocks
  2. Full transcripts of recent conference calls in the Biotech sector
  3. Add the Biotech Stock Blog to your My Yahoo! page

Aside: Did you know that Seeking Alpha now publishes a one-page recap of Jim Cramer's Mad Money stock picks?

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