Dendreon, a former highflier filled with potential, now sits more than 80% lower than its 52-week peak. Sales of revolutionary prostate cancer vaccine Provenge have shown slowing growth after a ballyhooed launch. With shares beaten down, positive guidance from management could cause a pop; otherwise, it could be more disappointment for investors.
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David Williamson owns shares of Johnson & Johnson and Dendreon, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Johnson & Johnson and Dendreon. Motley Fool newsletter services have recommended buying shares of Johnson & Johnson and creating a diagonal call position in Johnson & Johnson. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.