Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s Why These Five Stocks Are Surging Today

Page 1 of 2

It’s been a pretty good day on Wall Street so far as the Dow Jones Index is up almost 100 points and all three major indexes are in the green. The S&P 500 is near all-time highs and the NASDAQ is once again nearing the 5,000 mark. Among the stocks greener than most this morning are Exelixis, Inc. (NASDAQ:EXEL), Vascular Biogenics Ltd (NASDAQ:VBLT), Oncothyreon Inc (USA) (NASDAQ:ONTY), Command Security Corporation (NYSEMKT:MOC), and Potash Corporation of Saskatchewan (USA) (NYSE:POT). Let’s dive into the stocks and see how elite funds are positioned towards them.

While there are many metrics that investors can assess in the investment process, the hedge fund sentiment is something that is often overlooked. However, hedge funds and other institutional investors allocate significant resources while making their bets and their long-term focus makes them the perfect investors to emulate. This is supported by our research, which determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).

Exelixis Rallies on Presentation

At an ASCO 2016 presentation, Exelixis, Inc. (NASDAQ:EXEL) disclosed bullish results of a phase 3 trial that assessed the company’s product candidate for patients with advanced renal cell carcinoma, CABOMETYX. In the trial named METEOR, the patients who took the drug who had previous anti-angiogenic therapy showed around a 30% increase in median overall survival versus the current drug on the market, everolimus. The five-year survival rate of people with advanced kidney cancer is 12% and there is strong demand for new treatment options. Exelixis, Inc. (NASDAQ:EXEL) has rallied 6.5% on the news and was held by 17 top funds at the end of March.

Follow Exelixis Inc. (NASDAQ:EXEL)
Trade (NASDAQ:EXEL) Now!
Abbvie ABBV biopharmaceuticals cell blood dna gene stem test biotech research

RAJ CREATIONZS / shutterstock.com

Vascular Biogenics Surges on Positive Results of Early Stage Trial

Nano-cap Vascular Biogenics Ltd (NASDAQ:VBLT) is 60% higher after the company presented bullish data at ASCO 2016. In a phase 1/2 trial, VB-111, the company’s candidate for the treatment of patients with recurrent platinum resistant ovarian cancer, showed a statistically significant increase in the overall survival rate at the therapeutic vs low dose level. The overall survival rate was 810 days for the therapeutic level versus 172 days for the low-dose level. In addition, there was a 60% durable response rate as measured by the reduction in CA-125, which is around twice the historical response with Avastin plus chemotherapy. Two funds owned $972,000 of Vascular Biogenics Ltd (NASDAQ:VBLT) and accounted for 1.20% of the float on March 31.

On the next page, we examine Oncothyreon, Command Security Corporation, and Potash Corporation of Saskatchewan.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!