why is novocure stock down

Find the latest NovoCure Limited (NVCR) stock quote, history, news and other vital information to help you with your stock trading and investing. Others expected a 3-cent per-share gain and $99.6 million in sales, according to Evercore ISI analyst Vijay Kumar. Even including today's bumps, all three of these stocks are still down … Get the hottest stocks to trade every day before … With the growth in RPS, the company’s P/S (price-to-sales) ratio also expanded. As of December 31st, there was short interest totalling 5,880,000 shares, an increase of 17.8% from the December 15th total of 4,990,000 shares. The stock eventually recovered and was down about 2% as of 3:05 p.m. EST. Up over $8./sh on very low volume. ... down from a peak of 19,902. The oncology therapy company didn't announce any news, so why did the stock fall on a day when the overall market soared? Here are the headline numbers from the second quarter: What happened. After the company posted upbeat second-quarter results, shares of NovoCure (NASDAQ: NVCR), a medical device company focused on oncology, rose as much as 10% in afternoon trading on Thursday.Shares were up about 9% as of 2:55 p.m. EDT. Novocure Stock Dips On Delays Novocure makes cancer treatment devices that use electric fields at specific frequencies to kill cancer cells. Novocure, Intuitive Surgical Strong, Stock Market Closes With Record Highs But These Stocks Can't Keep Up, Dow Jones, S&P 500, Nasdaq Score Fresh Highs; Small Caps Surge, Snowflake Rips Higher, DocuSign Fades, NVCR Stock Soars To New High; Rambus Scores Bullish Breakout, Dow At New High: Google, PayPal Flash Buy Signals; Novocure Tumbles, AMD, Twilio, Novocure Among 5 Stocks Flashing Multiple Buy Signals. NovoCure stock has been on a tear in 2019, with shares up 157% this year through Aug. 2, versus the broader market's 18.3% return. These healthcare stocks ended the trading session down 15%, 12%, and 17%, respectively.. Press Release reported on 10/02/20 that Novocure to Report Third Quarter 2020 Financial Results. The company also anticipates announcing results from several other studies next year, including a phase 2 study targeting gastric cancer and interim results from late-stage studies targeting non-small cell lung cancer, pancreatic cancer, and recurrent ovarian cancer. After registering a 4.15% upside in the last session, NovoCure Limited (NVCR) has traded red over the past five days. ... it's likely that Novocure's stock was simply sold off with the rest of the market today. What happened. EV Charging Network With Tesla, GM Ties To Go Public As ChargePoint IPO Nears, 90% Of Top 10 Dividend Stocks Are Finally Paying Off, Find out why economists and analysts are considering the longer term possibility of a "K" shaped recovery, Dow Jones Falls Amid Stimulus News, But Apple Holds Above New Buy Point; Tesla Hits Record High, IBD Stock Of The Day Breaks Out To A Record High As 2021 Catalysts Loom, Stock Market Analysis: Can Bulls Keep Running After A Big Week? What happened. "With the timeline getting pushed out, we believe Novocure's valuation should be in line with secular growth (medical technology) companies.". Novocure, Insulet, and Dexcom have been walloped over the past month. Try it today! NovoCure. "Advancing the clinical pipeline is among the top priorities for Novocure," she said. Shares of Novocure (NASDAQ:NVCR) were sinking 9.2% as of 3:30 p.m. on Tuesday. Novocure stock tumbled Thursday after the cancer treatment specialist delayed the results of several key studies and reported first-quarter measures that lagged some estimates. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Leading stocks tend to have RS Ratings of 80 or above. Is NovoCure Limited worth watching? So what. We can attribute NovoCure's stock's powerful 2019 performance in part to the company's May approval from the U.S. Food and Drug Administration (FDA) to use its tumor-treating fields (TTF) technology to treat malignant pleural mesothelioma, an aggressive and rare form of lung cancer. 12/08/2020 NovoCure Limited (NVCR), an oncology company that uses electric fields to cure tumors, gained about 4% over the last week. I suppose there may be many reluctant sellers, but it makes me worry nonetheless. In October, the company reported third-quarter sales of nearly $133 million, up 44% year over year and 14% quarter over quarter. The Federal Open Market Committee, which is the policy-making part of the Federal Reserve, announced a surprise monetary stimulus … On the stock market today, Novocure stock toppled 10.5%, to 65.80. Novocure (NVCR) shares skidded below their 50-day moving average. So what. Investor enthusiasm is frothing NVCR stock with several important studies due in 2021. Even including today's bumps, all three of these stocks are still down … Why NovoCure Stock Is Surging Today. Unlike last month's upward movement, which we can largely attribute to company-specific news, October's sell-off … The coronavirus pandemic has impacted the timing of clinical studies, Novocure's vice president of finance and investor relations Ashley Cordova said in an email.

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