Wed 7/18/2018 08:29 ET
DJIA25119.8955.530.22%TELCO160.080.640.40%GOLD1224.103.180.26%Shanghai2787.2610.870.39%
S&P 5002809.5511.240.40%BANKS472.300.430.09%OIL66.780.380.57%BITCOIN7456.13131.971.77%
NASDAQ7855.1249.490.63%PHARM524.667.561.44%US/EU1.170.000.26%Futures2811.3014.800.53%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Stocks For A Different Jungle    If it belongs at the Pit it doesn't belong here.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: blacksheep (Rep: 328) reply to blacksheepDate: 06/02/2017 09:49
Forum: Stocks For A Different Jungle - Msg #19109Thread #673930646 (Rec: 0)
Re: Significant Insider buying=>In a couple OCT 50C @9.85 for a look.



Reply to blacksheep - Msg #19108 - 06/02/2017 07:14

Significant Insider buying.

One biotechnology player that insiders are snapping up a huge amount of stock in is Bioverativ (BIVV) , which focuses on the research, discovery, development, and commercialization of therapies for the treatment of hemophilia and other blood disorders.

Bioverativ has a market cap of $5.8 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 16.8. Its estimated growth rate for this year 27.8%, and for next year it's pegged at 17%. This is a cash-rich company, since its total cash position is $358.70 million and its total debt is zero.

A director just bought 920,000 shares, or $51.30 million worth of stock, at $54.16 to $57.21 per share.

If you're bullish on Bioverativ, then I would look for long-biased trades as long as this stock is trending above key support at $51.06 and then once it breaks out above resistance at $57.83 to its all-time high of $59.50 with volume near or above its three-month average of 1.37 million shares. Some possible upside targets off that breakout are $65 to $70, or even $75 a share.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser blacksheep: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.