Why Celgene Corporation (CELG) Is Being Added to Investors Watchlist?

Elias Hubbard
January 13, 2018

It has outperformed by 11.23% the S&P500. The institutional investor held 687,354 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $100.23 million, down from 702,957 at the end of the previous reported quarter. Burt Wealth Advsr has invested 0.09% in Celgene Corporation (NASDAQ:CELG). The stock decreased 0.03% or $0.03 during the last trading session, reaching $105.46. 8,748,823 shares of the company traded hands, compared to its average volume of 6,330,000.

Celgene (NASDAQ:CELG) last announced its quarterly earnings data on Thursday, October 26th. It has outperformed by 0.30% the S&P500.

Since August 28, 2017, it had 0 buys, and 3 insider sales for $89,365 activity. About 1.84M shares traded. $262,727 worth of Community Bank System, Inc. Bruzzo Chris also sold $177,155 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by PROBST LAWRENCE F III on Wednesday, August 16. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. Therefore 35% are positive. (NYSE:CBU) has "Sector Perform" rating given on Friday, January 22 by RBC Capital Markets.

Clean Yield Group decreased its stake in Community Bk Sys Inc Com (CBU) by 58.62% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup maintained IQVIA Holdings Inc. The mean target price as estimated by the analysts for the company has been recorded at $123.39. The firm has "Buy" rating by SunTrust given on Friday, December 22. The rating was maintained by Jefferies on Sunday, August 13 with "Buy". Standpoint Research initiated the stock with "Buy" rating in Thursday, January 14 report. Finally, Leerink Swann reiterated a buy rating and issued a $156.00 target price on shares of Celgene in a report on Friday, October 20th. The company was maintained on Friday, December 4 by Wells Fargo. The stock has "Buy" rating by Argus Research on Monday, July 31.

Investors sentiment decreased to 1.17 in Q3 2017. The company has a market cap of $83,460.00, a PE ratio of 25.00, a P/E/G ratio of 0.68 and a beta of 1.77.

Several other institutional investors have also sold shares of the company. 133 funds opened positions while 451 raised stakes.

Apache Corp. (APA) in the last quarter reported its actual EPS of $0.04/share where the analyst estimated EPS was $-0.06/share. 2,250 were reported by Holderness Invs. Cambridge Investment Research Advsrs Inc invested in 0.07% or 34,891 shares. Bank of New York Mellon Corp boosted its position in shares of Celgene Corporation by 19.9% in the third quarter. Hl Financial Svcs Ltd Co stated it has 7,808 shares. The company has a total of 384.64 Million shares outstanding.

Suffolk Capital Management Llc, which manages about $1.92 billion and $757.82 million US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 11,012 shares to 143,943 shares, valued at $24.60M in 2017Q3, according to the filing. (NASDAQ:EA) for 221 shares. Triangle Wealth reported 1,396 shares. South Texas Money Mgmt Limited invested 1.87% of its portfolio in Electronic Arts Inc. 87,900 are held by Blair William And Com Il. Arcadia Investment Management Corp MI now owns 737 shares of the biopharmaceutical company's stock worth $107,000 after acquiring an additional 400 shares in the last quarter. The average daily volatility for the week was at 2.45%, which was 0.2 higher than that in the past month. Highstreet Asset Mngmt holds 0.07% or 6,458 shares. $1.31M worth of Celgene Corporation (NASDAQ:CELG) was sold by KAPLAN GILLA. Therefore 55% are positive. According to today's trading volume Celgene Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

From another technical standpoint, Celgene Corporation (NASDAQ:CELG)'s 14-day Relative Strength Index (RSI) has reached 47.14, putting it inside a neutral zone. The rating was maintained by Canaccord Genuity with "Buy" on Thursday, July 27. As per Friday, October 20, the company rating was maintained by Stifel Nicolaus. As per Tuesday, July 4, the company rating was maintained by Stifel Nicolaus. Country Bancshares stated it has 0% of its portfolio in Celgene Corporation (NASDAQ:CELG). The rating was downgraded by Goldman Sachs to "Sell" on Monday, March 28. Essex Invest Ltd Co holds 2.3% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 116,134 shares. Barclays Capital maintained the stock with "Overweight" rating in Monday, April 18 report. The firm earned "Neutral" rating on Friday, October 27 by Cantor Fitzgerald.

Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). 18,506 shares valued at $2.42M were sold by MARIO ERNEST on Thursday, August 10.

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