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Dendreon Plunges on Restructuring News; Stock Downgraded
Tuesday, July 31, 2012 - 3:09pm | 408The share price of biotech firm Dendreon (NASDAQ: DNDN) plunged on Tuesday after the company released its second-quarter earnings results and announced a restructuring plan that will trim 600 jobs. In afternoon trading, Dendreon was down around 23 percent. The company hit a new 52-week low earlier...
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Bank of America Downgrades Dendreon to Underperform
Wednesday, July 11, 2012 - 2:56pm | 265Shares of biotech firm Dendreon (NASDAQ: DNDN) have plunged on Wednesday after Bank of America Merrill Lynch downgraded the stock from Neutral to Underperform. The analysts titled the report, "Not comfortable short term or long term," sending shares skidding more than 6% in mid-day trade. In...
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Dendreon Maintains Buy on Dendreon After Provenge Sales Report
Thursday, January 5, 2012 - 11:11am | 160Deutsche Bank has published a research report on Dendreon (NASDAQ: DNDN) after the company reported $82M in Provenge sales during 4Q and is trading up ~50% today since market open. In the report, Deutsche Bank writes, "DNDN just reported $82M in 4Q11 Provenge sales, AHEAD of Street consensus of ~$...
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SAC Capital Just Got Smashed On Its Dendreon Position!
Wednesday, August 3, 2011 - 7:50pm | 524The big story in Wednesday's after hours trading session is the annihilation of one-time biotech darling Dendreon (NASDAQ: DNDN) after the company reported its second quarter earnings results. It didn't go so well...the stock is down 62% in late trading! No one wants to see this (except the shorts...
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Dendreon Spiking 2% On New Jersey Plant Approval (DNDN)
Thursday, March 10, 2011 - 3:23pm | 231Dendreon Corporation (NASDAQ: DNDN) shares are spiking 2.3% on news that the FDA has approved its use for a New Jersey plant to manufacture its drug Provenge, which is used for prostate cancer. "PROVENGE has the largest reported survival benefit in patients with asymptomatic or minimally...
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Dendreon Pops on Provenge Growth (DNDN)
Wednesday, August 4, 2010 - 9:42am | 153Shares of Dendreon Corp. (NASDAQ: DNDN) are popping this morning; currently, the stock is up over 9.50%, trading at $37.05. The company said yesterday that initial sales for its prostate cancer treatment, Provenge, totaled $2.8 million in the second quarter. They also reported that sales are...
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BRIEF: Dendreon Down Sharply in the After-Hours (DNDN)
Wednesday, June 30, 2010 - 5:25pm | 134Shares of Dendreon Corp. (NASDAQ: DNDN) ended the session off 3.75%, trading at $32.33, but have since cratered in the after-hours trade. The biotechnology company is currently trading at $27.00, off another 16.50%. Dow Jones is reporting that Medicare is probing into their “coverage” of Provenge...
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Dendreon’s Shares Skyrocket On FDA Approval For PROVENGE
Thursday, April 29, 2010 - 1:12pm | 134Dendreon Corp (NASDAQ: DNDN) shares have spiraled high just before trade was halted at 12:34 pm EST. The stock made a jump on a Fox Business report of the FDA approving Dendreon’s PROVENGE as a late-stage treatment for prostate cancer. This approval was long awaited by shareholders, traders and...