Why Clovis Oncology, Immunomedics, and Puma Biotechnology All Spiked Today [The Motley Fool]
IMMUNOMEDICS (IMMU)
Last immunomedics earnings: 2/27 04:00 pm
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US:NASDAQ Investor Relations:
immunomedics.com/2017/immunomedics-announces-presentations-investor-event-2017-san-antonio-breast-cancer-symposium
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Source: The Motley Fool
What happenedHealthcare stocks, on balance, had a great start to the week today. Cancer companies in particular posted strong gains almost across the board Monday. For instance, the stock ofClovis Oncology(NASDAQ:CLVSImmunomedicsNASDAQ:IMMUPuma BiotechnologyNASDAQ:PBYIThe odd part to this rising-tide phenomenon is that none of these companies issued a single press release or market-moving Securities and Exchange Commission filing Monday. Instead, this sea of green appears to be the result of institutional investors fleeing weaker parts of the market like oil in favor of safe havens like healthcare. Cancer stocks, after all, should be essentially immune to the economic impacts of the COVID-9 pandemic, given that most patients can't skip out on lifesaving treatments.Image Source: Getty Images.So whatIf this flight-to-safety thesis is true, then Clovis, Immunomedics, and Puma would arguably all make outstanding vehicles to gain exposure to the high-growth oncology space. Each of these st
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