BeiGene, Ltd. - American Deposi (BGNE) Reached a New 52-Week High

Celgene may be gaining ground on some large drugmaking rivals with its acquisition of Bei Gene Thursday

The stock was sold at an average price of $44.16, for a total transaction of $4,349,760.00. Following the sale, the chief executive officer now directly owns 88,535 shares of the company's stock, valued at $3,909,705.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

On Friday, June 2nd, Xiaodong Wang sold 5,539 shares of BeiGene stock. The stock was sold at an average price of $40.00, for a total transaction of $221,560.00.

On Thursday, May 4th, Xiaodong Wang sold 14,461 shares of BeiGene stock. About 36,291 shares traded.

The stock volatility for week was 6.12% while for month was 4.83%.The stock, as of last close, traded 121.61% to its 52 week low and was changed 18.17% from its 52 week high.

Here is the rundown on market activity for BeiGene, Ltd. - American Deposi (NASDAQ:BGNE). The stock's 50 day moving average is $40.06 and its 200 day moving average is $37.01. The stock's market capitalization is $2.63 billion.

A new deal giving Celgene Corp. strategically important rights to a PD-1 inhibitor developed by Beijing-based Beigene Ltd. will tightly bond the companies' fortunes in both the US and China, putting Celgene in charge of development and commercialization of a key Beigene asset, while Beigene takes charge of selling Celgene's top products in China and advancing new ones. The original version of this story can be read at The stock presently has an average rating of "Buy" and an average price target of $50.33. Wells Fargo upgraded the shares of TBK in report on Friday, May 26 to "Outperform" rating. Imperial Capital downgraded the shares of NLS in report on Monday, September 19 to "In-Line" rating.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in shares of BeiGene by 42.0% in the first quarter. After all, if insiders are buying stock in their own company, they probably know something that a normal investor does not. The Clearbridge Investments Llc holds 1.11M shares with $132.11 million value, up from 1.10M last quarter.

Among 8 analysts covering Triumph Bancorp (NASDAQ:TBK), 8 have Buy rating, 0 Sell and 0 Hold.

Why to Observe Volume of BeiGene, Ltd. (BGNE)? Baillie Gifford & Co. now owns 70,865 shares of the company's stock worth $2,594,000 after buying an additional 1,581 shares during the last quarter. Airain ltd acquired a new position in BeiGene during the first quarter valued at about $320,000. FMR LLC now owns 3,987,748 shares of the company's stock worth $145,991,000 after buying an additional 107,323 shares in the last quarter. Institutions now own 45.30% of the company. But, while BGB-A317 may arrive too late to make a dent on the monotherapy market, it could still be a useful tool for Celgene as it puts together combinations of cancer drugs to hit solid tumors. Approximately 2,474,507 shares were traded during trading, an increase of 2,525% from the previous session's volume of 94,275 shares.The stock last traded at $66.28 and had previously closed at $52.27.

Celgene agreed to acquire rights outside Asia-including the US and Europe-and in Japan to BeiGene's PD-1 inhibitor BGB-A317, which is on track to start pivotal studies in solid-tumor cancers next year. The Firm had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.

Related News:

Most liked

5.8 magnitude quake in Montana reaches Elk Valley
The natural disaster is the largest since a 5.6 magnitude quake hit Dillon 12 years ago, and the eighth largest in state history. The Hebgen Lake natural disaster triggered a large landslide that resulted in significant damage and more than 28 fatalities.

Your Shadow of Mordor Nemesis Is Following You Into Shadow of War
Needless to say, the Nemesis system was incredibly innovative, and the uniqueness of these encounters made them memorable as well. And, as for the free-ness, here are some links to try it free on Xbox One and Steam , or get it super cheap on PS4 (80% off).

Modi Honored at Event by Indian Community in Israel
While job creators are being given tax relief, he said that innovators and entrepreneurs are being encouraged. The deals have been signed in various sectors, including space, agriculture, tech, and water.

After cop's slaying, a call for more bullet-resistant glass
A mother of three who lived with her own mother in the Bronx, she felt a calling to help her community, friends said. Before working in central booking, she had been in the 46th Precinct, and was known to residents.