Here's what pushed up shares of the highest-flying healthcare stocks.
News & Analysis: Celldex Therapeutics
The market is reacting to large stock purchases from inside and outside the company.
CLDX earnings call for the period ending June 30, 2019.
The clinical-stage biotech continued to conserve cash while conducting multiple clinical studies in the second quarter.
The clinical-stage biotech effectively conserved cash in the first quarter, thanks to cost cuts following last year's pipeline setback with experimental cancer drug glemba.
The clinical-stage biotech stretched out its cash in the fourth quarter by cost reductions and took the necessary moves in the following months to retain its listing on the Nasdaq stock exchange.
CLDX earnings call for the period ending December 31, 2018.
A rotten week for biotech didn't end well for Celldex.
There's nothing to get excited about with this clinical-stage biotech stock's double-digit-percentage gain.
The company's third-quarter earnings report gave investors lots to look forward to.