Exclusive-AbbVie nears roughly 8 billion deal for drug developer Cerevel-sources
About 67% of ImmunoGen's investor base is looking to short. The analysis of current outlook of investing in ImmunoGen suggests that many traders are alarmed regarding ImmunoGen's prospects. ImmunoGen's investing sentiment overview a quick insight into current market opportunities from investing in ImmunoGen. Many technical investors use ImmunoGen stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
ImmunoGen |
NEW YORK -AbbVie Inc is nearing an approximately 8 billion deal to acquire Cerevel Therapeutics Holdings Inc, a developer of drugs for neurological conditions such as Parkinsons, people familiar with the matter said on Wednesday. The acquisition would come just days after AbbVie agreed to buy cancer drug developer ImmunoGen Inc for 10.1 billion in cash, highlighting its appetite to place big bets on promising new medicines. AbbVie is in talks to pay around 45 per share for Cerevel, which is backed by private equity firm Bain Capital, the sources said.
Read at finance.yahoo.com
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ImmunoGen Fundamental Analysis
We analyze ImmunoGen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ImmunoGen using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ImmunoGen based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Short Ratio
Short Ratio Comparative Analysis
ImmunoGen is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
ImmunoGen Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ImmunoGen stock to make a market-neutral strategy. Peer analysis of ImmunoGen could also be used in its relative valuation, which is a method of valuing ImmunoGen by comparing valuation metrics with similar companies.
Peers
ImmunoGen Related Equities
XFOR | X4 Pharmaceuticals | 8.11 | ||||
TGTX | TG Therapeutics | 5.47 | ||||
MCRB | Seres Therapeutics | 4.11 | ||||
HOOK | Hookipa Pharma | 2.00 | ||||
MDGL | Madrigal Pharmaceuticals | 1.65 | ||||
AXSM | Axsome Therapeutics | 0.89 | ||||
VKTX | Viking Therapeutics | 0.70 | ||||
AKRO | Akero Therapeutics | 0.34 | ||||
INZY | Inozyme Pharma | 0.83 | ||||
TERN | Terns Pharmaceuticals | 1.86 | ||||
PDSB | PDS Biotechnology | 2.21 | ||||
MREO | Mereo BioPharma | 2.78 | ||||
ELEV | Elevation Oncology | 5.45 | ||||
HEPA | Hepion Pharmaceuticals | 7.14 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in ImmunoGen Stock
If you are still planning to invest in ImmunoGen check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ImmunoGen's history and understand the potential risks before investing.
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