2-Star Stocks Poised to Plunge: Nymox Pharmaceutical?
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, biopharmaceutical company Nymox Pharmaceutical (NAS: NYMX) has received a distressing two-star ranking.
With that in mind, let's take a closer look at Nymox and see what CAPS investors are saying about the stock right now.
St Laurent, Canada (1989)
CEO Dr. Paul Averback (since 1995)
Return on Assets (average, past three years)
$2.2 million / $0
Sources: S&P Capital IQ; Motley Fool CAPS.
On CAPS, 38% of the 82 members who have rated Nymox believe the stock will underperform the S&P 500 going forward.
When Nymox stock trailed down from steady state at [$8 per share] to below [$6 per share] this summer, I figured the smart money was leaving ahead of negative results from the phase III trials of NX-1207 for BPH. Now I'm surprised to see the share price rocketing back up close to the year high without any visible positive catalyst. This definitely doesn't have the characteristics of a run-up, so is it insider trading ahead of a positive data announcement? I can't say that's impossible, but I'm going to call it stirrapulation and place my bet on negative data from this murky trial from a very murky biopharma.
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The article 2-Star Stocks Poised to Plunge: Nymox Pharmaceutical? originally appeared on Fool.com.Fool contributor Brian Pacampara has no positions in the stocks mentioned above. The Motley Fool owns shares of Laboratory of America. Motley Fool newsletter services recommend Laboratory of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.