Opinion/Ideas: The Fall of Big Cap Biotech Stocks.

JT001

21-May-2018 16:49 PM

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The most talk about big-cap biotech falling is Celgene Corp (CELG) which is down -4.70% as of today closed. Celgene Corp (CELG) is 8.31% weight to iShares Nasdaq Biotechnology ETF (IBB). Additionally, the top ten holding in (IBB), there are five other big-cap biotech stocks dropping more than 20% from their 52 week-highs. Here the top 10 weight in iShares Nasdaq Biotech ETF (IBB) and their performance.

Company Weight %

Celgene Corp (CELG) 8.31%

Amgen Inc (AMGN) 7.89%

Biogen Inc (BIIB) 7.87%

Gilead Sciences Inc (GILD) 7.62%

Vertex Pharmaceuticals Inc (VRTX) 5.38%

Illumina Inc (ILMN) 4.39%

Regeneron Pharmaceuticals (REGN) 3.94%

Alexion Pharmaceuticals Inc (ALXN) 3.67%

Mylan N.V. (MYL) 2.93%

BioMarin Pharmaceuticals Inc (BMRN) 2.07%

As for performance: the iShares Nasdaq Biotechnology ETF (IBB) 3 months is down -3.61%, Year-To-Date down -0.37% and 1 month is up +1.35%. The best performance for this year big-cap biotech is Illumina Inc (ILMN), YTD up +22.79% and 1-year up +51.57%. The worse performance is Celgene Corp (CELG), YTD down -28.43%, 3-months down -21.59% and 1 year down -36.12%. Is this the buying opportunity time for CELG?

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