May. 29 at 3:05 AM
The
$XBI has traded higher in 4 out of the last 5 trading sessions, surging over 3% during the 5-day period.
Common sense might suggest commercial-stage oncology focused bios should, as a peer group, more or less keep up with the XBI but they did not. 13 out of 20 (with MCs over
$570MM) have traded lower over this 5-day period.
$IBRX URGN ARVN
$GERN & ANAB have traded lower most days.
$IOVA has clearly been an outlier over the last 5 days, warranted or not, as has
$CORT We're unaware of any recent catalysts nor inflection points for either. The UBS upgrade was well 2 weeks ago +
Recall IOVA surged to
$5.50 in March?
As always, this is not investment advice.