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PDSB News Today | Why did PDS Biotechnology stock go down today? "We're not that far away from where we were in the beginning of the year," he told IBD. The Ups And Downs of Biotechnology - Investopedia HIV product sales increased 13% to $4.2 billion, with Biktarvy bringing in $2.7 billion. The FTC also is pushing back on Illumina's (ILMN) takeover of its spinoff company Grail for $8 billion. Can This AI Deal With IBM Be a Game-Changer for Moderna? 2000-2023 Investor's Business Daily, LLC. The most likely reason behind the decline was that Sanofi ( SNY. That's a decline of nearly 10 percent. MRNA Stock Drops But Options Are Cheap; Play The Downside With This Spread, S&P 500: Top 5 Performers Today Include Enphase Energy, First Solar, Merck Nabs Prometheus Bio For $10.8 Billion As Keytruda Patent Expirations Loom. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. So if you decide to load up on shares today, as Cathie Wood is doing, just be aware that the price might fall a bit further before stabilizing. 2 Bruised Growth Stocks to Buy While They're Cheap, Despite Its Falling 92%, Cathie Wood Is Buying More of This Growth Stock. Loncar points to President Joe Biden's promise during his first press conference in his new role. Novavax Plummets On Downgrade: Is It The Covid Engine That Couldn't? Innovation abounds and, as it does, sentiment can turn. The XBI biotech index fund is now down more than 55% from its high in February 2021. *Average returns of all recommendations since inception. Sharp declines in each stock could cause the biotech group to deteriorate further, as the charts are signaling might happen. Stock market today: Asia shares mixed on holiday mode trade, JGB yields rise ahead of central bank meetings in U.S., Europe, UPDATE 1-IMF raises Asia's economic forecast on China recovery, warns of risks, Australia Signals More Tightening After Surprise Rate Hike, FOREX-Yen sinks to 15-year low vs euro, Aussie jumps as central banks diverge. Why Gilead Sciences Stock Is Falling Today - benzinga.com 2021 Benzinga.com. On a year-to-date basis, Investor's Business Daily's 682-company Medical-Biomed/Biotech group has fallen 7.4% this year, as of Tuesday's close. The chart shows mild support rest at $114, but that support level will likely not hold. The COVID-driven lockdown of the economy in 2020 decimated consumer discretionary stocks, and their depressed valuations were screaming for attention as investors discounted the prospects of "back to (more) normal." Authors may own the stocks they discuss. After commercializing an oncology .