As mentioned in previous posts, I’ve recently taken a major interest in the BioTech market. With that said, I’ve been watching quite a few stocks. Of those that I’ve been watching, here are the stocks that are falling the hardest today. If you’d like to see the biggest gainers, click here! Please remember that all quotes were taken at 2:28 today.
#1 BioTech Stock Bear Today – Amicus Therapeutics (NASDAQ: FOLD)
After announcing an accelerated plan for approval of a new drug, Amicus Therapeutics (NASDAQ: FOLD) stocks skyrocketed yesterday. However, it seems as though the growth proved to be too much too fast. The stock is correcting today in a big way. Currently Amicus Therapeutics (NASDAQ: FOLD) stocks are trading for $11.39 per share today after falling 8.59%.
#2 BioTech Stock Bear Today – Coronado Biosciences Inc (NASDAQ: CNDO)
Coronado Biosciences (NASDAQ: CNDO) announced yesterday that it had formed a new company designed to commercialize a portfolio of CAR-T cells. Investors loved the news and the stock climbed. However, today the stock is correcting quite a bit. Currently, it is trading at $3.92 per share after falling 6.89% so far today.
#3 BioTech Stock Bear Today – MannKind (NASDAQ: MNKD)
MannKind (NASDAQ: MNKD) stocks are continuing to follow the downtrend they’ve been on for quite some time. As investors worry about Afrezza, the stock just keeps going down. But, I think investors will be happy in the long run with this one. Currently, MannKind is trading for $5.26 per share after a loss so far today of 4.96%.
#4 BioTech Stock Bear Today – Biocept (NASDAQ: BIOC)
After sharp gains yesterday, Biocept (NASDAQ: BIOC) stocks seem to be correcting today. Currently, Biocept is trading at $2.46 per share after a loss of 4.28% so far today.
#5 BioTech Stock Bear Today – Cytori Therapeutics (NASDAQ: CYTX)
Cytori Therapeutics (NASDAQ: CYTX) stocks have had a relatively rough week this week. Unfortunately, it looks like the stock will be closing the week out in the red. Currently, Cytori Therapeutics is trading for $1.18 per share after a loss so far today of 3.28%.
Do You Know Of Any Other Big Bears In BioTech Today?
Let us know in the comments below!