A statement released earlier today by Maxim Group about Bluebird Bio Inc (NASDAQ:BLUE) ups the target price to $100.00
- Updated: September 29, 2016
Reporting a potential upside of 0.50%, Maxim Group upped the price target of Bluebird Bio Inc (NASDAQ:BLUE) to $100.00
Yesterday Bluebird Bio Inc (NASDAQ:BLUE) traded -3.60% lower at $66.88. The company’s 50-day moving average is $59.18 and its 200-day moving average is $48.94. The last closing price is up 36.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 828,178 shares of the stock traded hands, down from an average trading volume of 1,095,810
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Bluebird Bio Inc has a 52 week low of $35.37 and a 52 week high of $106.95 Bluebird Bio Inc’s market capitalization is currently $0.
In addition to Maxim Group reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $89.07 with 6 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Bluebird Bio Inc (NASDAQ:BLUE)
bluebird bio, Inc. is a biotechnology company. The Company is focused on developing transformative gene therapies for severe genetic and rare diseases and in the field of T cell-based immunotherapy. Its gene therapy clinical programs include LentiGlobin product candidate to treat transfusion-dependent B-thalassemia (TDT) and severe sickle cell disease (SCD), and Lenti-D product candidate to treat cerebral adrenoleukodystrophy (CALD), a rare hereditary neurological disorder. Its oncology programs are built using lentiviral gene delivery and T cell engineering, with a focus on developing T cell-based immunotherapies, including chimeric antigen receptor (CAR) and T cell receptor (TCR) T cell therapies. Its oncology program, bb2121, is a CAR T cell product candidate targeting B-cell maturation antigen, or BCMA, in multiple myeloma. It also offers discovery research programs utilizing megaTALs/homing endonuclease gene editing technologies for use across its pipeline.
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