3 Humongous Health-Care Stocks This Week: Celgene Corporation (CELG), Celldex Therapeutics, Inc. (CLDX)

Page 1 of 2

The Dow set an all-time high, but it still was up only 2% for the week. If you want returns to really get excited about, look no further than the health-care sector. Here are three stocks that churned out humongous gains this week.

Mad money?
Shares in Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) soared this week by nearly 37%. This was a huge jump considering there was no major news. So what happened?

The one significant event this week related to Astex was that TheStreet.com upgraded the stock from “hold” to “buy.” However, that upgrade occurred on Monday, while shares didn’t really take off until Wednesday. Once the buying frenzy started, it didn’t stop. The stock continued to climb strongly through the end of the week.

Celgene Corporation (NASDAQ:CELG)Trading volume for each of the last three days of the week was around four times higher than normal. It could be lots of smaller investors with mad money to spend. My guess, though, is that some entity with deep pockets is buying Astex like crazy. I won’t be surprised if we find out later that a hedge fund or other large investor scooped up big chunks of the stock.

Less loss equals big gain
There wasn’t much mystery behind the major moves for stem cell company Osiris Therapeutics, Inc. (NASDAQ:OSIR) . Shares surged nearly 35% for the week after the company posted better-than-expected earnings results.

Osiris reported a net loss of $0.08 per share, compared with a $0.15-per-share gain in the same quarter of the prior year. However, analysts were expecting the loss to be much worse at $0.15 per share. Osiris also reported $3.1 million in revenue, down from $11 million in the same quarter for 2011. The big year-over-year difference stemmed from Sanofi SA (ADR) (NYSE:SNY)‘s cancellation of an agreement in early 2012.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!