Health Care

Juno Therapeutics, Inc. (NASDAQ:JUNO) Sees Volume Pop in Session

Juno Therapeutics, Inc. (NASDAQ:JUNO) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.

The following firms have recently changed their position in JUNO. Company shares were recently noted -3.76% off of the 50-day high and 25.12% away from the 50-day low. Finally, BidaskClub raised shares of Juno Therapeutics from a hold rating to a buy rating in a research note on Tuesday, June 20th.

JUNO is now overvalued by 16.42% relative to the average 1-year price target of $35.75 taken from a group of Wall Street Analysts.

Juno Therapeutics (NASDAQ:JUNO) traded down 7.94% during trading on Tuesday, reaching $41.62. With short interest at 14,724,068 and short average daily volume at 5,210,536, days to cover is 3.0 and the short interest percentage is 0.14% as of August 31.

Juno Therapeutics Inc. (JUNO) has the market capitalization of $4.46 Billion. Shares are trading at $45.21 which is impressively higher than the 50 day moving average of $34.94 and which is significantly above the 200 day moving average of $27.48. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market.

Juno Therapeutics (NASDAQ:JUNO) last posted its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.72) by ($0.24).

Let's take an assessment at how Juno Therapeutics, Inc. The company had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. The shares price has directed 51.97% toward a higher level throughout previous year and swapped 68.51% toward a strong spot during past one month. The business's revenue for the quarter was down 22.8% compared to the same quarter past year. Over the past year, Juno Therapeutics has taken a back seat to Novartis and Kite Pharma in CAR-T, and that's led some to wonder how committed Celgene will remain to the company.

The company reported its EPS on 6/29/2017. If you are reading this news story on another website, it was stolen and reposted in violation of US and global trademark and copyright law. The value of the investment in Juno Therapeutics, Inc. increased from $4,371,000 to $6,725,000 increasing 53.9% quarter to quarter. The term Oversold describes a period of time where there has been a significant and consistent downward move in price over a period of time without much pullback.

By digging out more, for short-term or active investment approach moving average with a short time frame will react much quicker to price changes interpretation. There has been an observed change of -79.96% in the ownership of the shares in the past six months. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

It's common for clinical-stage biotech stocks to raise money when shares rally, but it's unusual for share prices to increase on the news.

Richard Klausner, Director let go of $515,400 worth of shares at an average price of $42.95 on Thursday the 7th. Following the transaction, the director now owns 788,985 shares in the company, valued at $23,937,804.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,119,219 shares of company stock worth $220,455,844. The Manufacturers Life Insurance Company increased its holdings in Juno Therapeutics by 7.2% in the second quarter. Institutional owners hold 85.30% stake in the company while Insiders ownership held at 1.90%. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.

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