Celgene's Gilead Moment

A 20% price drop on a single day following an earnings release, and a 30% loss in just five trading days is an unusual event for a large cap company, even in the biotech sector.

ChartCELG data by YCharts

Celgene (CELG) has shocked investors when it published Q3 results, issued a more conservative guidance for 2017 and lowered the mid-term outlook for the year 2020.

Source: Celgene Q3 earnings release.

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