Celgene To Buy Juno Therapeutics In $9 Bln Deal; Reaffirms 2020 Targets

Celgene To Buy Juno Therapeutics In $9 Bln Deal; Reaffirms 2020 Targets

Juno shareholders will receive $87 per share. The firm develops cell cancer immunotherapies based on its chimeric antigen receptor and T cell receptor technologies to genetically engineer T cells to recognize and kill cancer cells. Moreover, the company's targeted, cancer immunotherapy is a highly lucrative. Generally speaking, earnings are expected to fall in coming quarters.

Several equities research analysts recently issued reports on the stock. JUNO's free cash flow ("FCF") per share for the trailing twelve months was -0.51. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in JUNO's price.

Celgene has had an estimated $500 million stake in Juno since September, according to a report from Jefferies.

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Juno Therapeutics now has an average rating of "Hold" and an average price target of $47.26.

Shares of Juno Therapeutics (NASDAQ:JUNO) traded down $3.56 during trading on Wednesday, hitting $67.81.

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Juno Therapeutics Inc. (NASDAQ:JUNO) touched its 1-Year High price of $74.35 on 01/18/18 and its 1-Year Low price of $19.07 on 01/24/17. The stock's market cap is $3.00 billion. JUNO's debt-to-equity ratio is 0.03 versus a D/E of 0.00 for ONCE. Standpoint Research downgraded the stock to "Hold" rating in Thursday, October 29 report. Monday's news? The Wall Street Journal is reporting Twitter COO Anthony Noto is considering leaving the company to take the CEO role at finance startup SoFi. Juno Therapeutics's quarterly revenue was up 96.9% compared to the same quarter past year. During the same period in the previous year, the firm posted ($0.57) earnings per share. research analysts predict that Juno Therapeutics Inc will post -4.02 EPS for the current year.

Short interest, or the percentage of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment.JUNO has a short ratio of 3.26 compared to a short interest of 3.69 for ONCE. The stock was sold at an average price of $44.76, for a total transaction of $1,611,360.00. Barclays Public Limited Company owns 138,586 shares for 0.01% of their portfolio. (NASDAQ:JUNO) by 6.84% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The shares were sold at an average price of $54.95, for a total transaction of $366,296.70. In a transaction dated December 21, 2017, the shares were put up for sale at an average price of $44.76, raking in a sum of $391,650. Following the transaction, the director now owns 741,499 shares in the company, valued at $35,747,666.79. The disclosure for this sale can be found here. JUNO has diverse figures for different time frames; starting from week's performance it has positive performance of 40.72% in last five regular trading sessions. Corporate insiders own 15.08% of the company's stock. QS Investors LLC bought a new stake in shares of Juno Therapeutics during the 2nd quarter valued at about $135,000. It increased, as 26 investors sold JUNO shares while 46 reduced holdings. Following the transaction, the chief financial officer now owns 772,082 shares of the company's stock, valued at approximately $34,558,390.32.

Juno Therapeutics (NASDAQ:JUNO) last issued its quarterly earnings results on Wednesday, November 1st.

Big companies are under pressure from declining sales of older treatments and many are struggling to find sufficient high-value replacements from within their own laboratories, making buying in products and know-how an attractive option. Northern Trust Corp grew its holdings in shares of Juno Therapeutics by 11.8% during the second quarter.

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