http://seekingalpha.com/article/...an-build-off-momentum?source=yahoo
Agenus Inc. (AGEN)
Agenus is a very volatile stock that has traded in wild swings over the last year. It lost 60% of its value during the last 6 months of 2011 as the market was trading lower, but has since recovered to post a gain of 230% in Q1. The stock's most recent gains have been led by an abundance of speculation that AGEN could potentially be purchased because of its corporate partnerships and the latest encouraging data surrounding several of its late- stage candidates. The company does make a very enticing acquisition target with a therapy that is showing signs of being able to effectively treat several conditions. The company uses immunotherapy, which has been a therapy of choice for investors in 2012, with several immunotherapy stocks trading significantly higher.
The question for investors is whether or not AGEN has reached a limit or can continue to trade higher. I think AGEN's immediate trend is completely dependent upon the direction of the market. In November the company released strong data for its Phase II trials of G-200 but continued to trade lower until January, when the market reversed. The company is expected to provide several clinical updates at this year's ASCO meeting, in addition to its upcoming presentation for its glioblastoma vaccine in mid-April, which could move the stock further, assuming the market trades flat or slightly higher. |
