Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Tread carefully if you’re buying biotech stocks, traders say as group nears all-time highs

edited May 21 in The Bullpen
https://www.cnbc.com/2020/05/21/coronavirus-stock-market-careful-buying-biotech-stocks-traders-say.html

Tread carefully if you’re buying biotech stocks, traders say as group nears all-time highs
PUBLISHED THU, MAY 21 20207:24 AM EDT

Biotech stocks surge. Traders share their strategies for the group
Biotechnology stocks are getting a boost.

The iShares Nasdaq Biotechnology ETF (IBB), which tracks the group, rose 2% on Wednesday on a strong day for the broader stock market. Investors have been watching the space closely following Moderna’s announcement on Monday that it was seeing positive results in an early-stage coronavirus vaccine trial.
Sign In or Register to comment.