Why Progenics Is Poised to Plunge
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, biotechnology company has received a distressing two-star ranking.
With that in mind, let's take a closer look at Progenics and see what CAPS investors are saying about the stock right now.
Tarrytown, N.Y. (1986)
CEO Mark Baker (since 2011)
Trailing-12-Month Return on Equity
$55.3 million / $0
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 10% of the 187 members who have rated Progenics believe the stock will underperform the S&P 500 going forward.
Progenics is a highly volatile stock at the moment, which makes it a great stock for skilled swing traders and a terrible stock for the unskilled ones. [T]he stock is up ... with no specific catalyst other than [Monday's] ho-hum press release regarding prostate cancer imaging agents acquired from failed biopharma outfit Molecular Insight. There's no good reason for the price spike to have occurred, let alone be sustained, which means it probably will be. Meanwhile, as I've stated many times previously, the long-term prospects of the company are bad as Relistor is a dead end and PSMA has been the light at the end of the tunnel for six years and counting.
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The article Why Progenics Is Poised to Plunge originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool owns shares of Dendreon. 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.
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