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3 Biotech Stocks to Dump Before They Go to Zero

06:31am, Tuesday, 09'th Apr 2024
It is not a bad idea to hunt for biotech stocks to sell. Such stocks have earned a bad reputation among investors, and for good reason.
Allakos (ALLK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Allakos (ALLK) decides to stop developing its lead drug after top-line data from two mid-stage studies did not achieve their primary endpoints.

Why Is Allakos (ALLK) Stock Down 57% Today?

11:36am, Tuesday, 16'th Jan 2024
Allakos (NASDAQ: ALLK ) stock is taking a beating on Tuesday after the clinical stage biopharmaceutical company revealed results from its latest study. The bad news here comes from the company's Phase
Here is how Allakos Inc. (ALLK) and McKesson (MCK) have performed compared to their sector so far this year.
Allakos Inc said on Tuesday that it plans to discontinue the development of its experimental skin disease drug after it failed two mid-stage studies.

Why Shares of Allakos Are Up Wednesday

12:10pm, Wednesday, 27'th Sep 2023
An analyst's recommendation may have helped boost Allakos stock. Allakos has two lead therapies to treat autoimmune skin disorders.
Allakos displays fiscal discipline with YoY reductions in R&D and G&A, suggesting resource reallocation to pivotal assets like lirentelimab. Lirentelimab's Phase 2a data is promising, particularly for
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An analyst bumped his recommendation higher. This closely followed an encouraging quarterly earnings report/business update from the biotech.

Why Allakos Stock Was Heating Up Today

04:05pm, Tuesday, 07'th Mar 2023
Allakos is barreling toward two mid-stage data readouts that could alter its long-term outlook. An analyst thinks these twin catalysts could cause the biotech's shares to more than quadruple in value.
Allakos Inc. (ALLK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Results from the phase 2b study, using lirentelimab for the treatment of patients with chronic spontaneous urticaria, are expected in the 2nd half of 2023. Xolair naive CSU cohort of 13 patients start

Alkermes, Allakos See Activist Action

06:35pm, Friday, 14'th Oct 2022
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities.

3 Healthcare Stocks to Sell Before They Die

11:48am, Friday, 30'th Sep 2022
The Fed's key interest rate target now stands at 3%-3.25%, way up from 0%-0.25% at the beginning of the year. That means, for all companies, borrowing money is becoming much more expensive.
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