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Sector Glance: Biotechnology



By AP
24 June 2008 @ 02:43 pm EST

NEW YORK - Shares of biotechnology companies traded mixed Tuesday as the broader market wobbled after consumer confidence data came in below expectations, UPS issued a profit warning and oil prices continued to rise, while the Federal Reserve began rate-setting meeting.

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Quotes
GILD 40.59 -1.29
AMLN 15.39 -0.46
AMGN 51.69 -3.29
BIIB 46.5 -2.89
DNA 78.19 -2.43
CBST 20.7000007629395 0.62

SYMBOL LOOKUP

In industry news, R.W. Baird analyst Thomas Russo increased his price target for Gilead Sciences Inc. stock to $53 from $52, and raised his profit and revenue estimate, while trimming his estimates for Amylin Pharmaceuticals Inc.

Here's how several key biotechnology stocks performed Tuesday:

Gilead Sciences slipped 25 cents 54.52.

Amgen Inc. added 75 cents to $46.64.

Biogen Idec Inc. gained 6 cents to $56.59

Genentech Inc. gave up 76 cents to $73.42.

(This version corrects an earlier version that included Cubist Pharmaceuticals Inc. among the stocks for which Russo changed estimates.)

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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