The Biotech Industry has continued to outpace the broader markets in 2013. The iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) have posted gains of approximately 53.0 and 49.0 percent, respectively, more than 2.5 times the S&P 500 Index’s gain of 19.0 percent. The red hot biotech market has already caused more biotech companies to go public in the first half of 2013, than all of 2012. Here is how some biotech companies reacted Thursday:
Geron Corporation (NASDAQ: GERN) shares traded in the range of $3.11 to $3.46 Thursday before settling to close at $3.35, an increase of 7.37 percent. The stock appears to have some support at the $3.09, $1.45 and $1.17 levels. Shares of Geron have gained approximately 135.0 percent in 2013.
More information on Geron and access to the free equity report can be found at:
Synta Pharmaceuticals Corp. (NASDAQ: SNTA) shares traded in the range of $6.17 to $6.64 Thursday before settling to close at $6.53, an increase of 6.53 percent. The stock appears to be facing some resistance at the $6.86 and $7.19 levels with some support at $6.32. Shares of Synta Pharmaceuticals have fallen approximately 27.0 percent in 2013.
More information on Synta Pharmaceuticals and access to the free equity report can be found at:
Santarus, Inc. (NASDAQ: SNTS) shares traded in the range of $22.07 to $23.26 Thursday before settling to close at $22.98, an increase of 6.24 percent. The stock appears to be facing some resistance at the $23.79 and $24.25 levels with some support at $22.96. Shares of Santarus have gained approximately 110.0 percent in 2013.
More information on Santarus and access to the free equity report can be found at:
Viropharma Inc. (NASDAQ: VPHM) shares traded in the range of $38.91 to $39.81 Thursday before settling to close at $39.27, an increase of 0.20 percent. The stock appears to be facing some resistance at $40.78 with some support at the $39.12 and $36.59 levels. Shares of Viropharma have gained approximately 72.0 percent in 2013.
More information on Viropharma and access to the free equity report can be found at:
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