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3 Drug Stocks Hitting 52-Week Highs: Are They Buys?


3 Drug Stocks Hitting 52-Week Highs: Are They Buys?

October has often been a scary month for stocks. That isn't the case so far this year, though. And it's especially not true for three drug stocks.

Biogen (NASDAQ: BIIB), Halozyme Therapeutics (NASDAQ: HALO), and Ionis Pharmaceuticals (NASDAQ: IONS) stocks have all recently hit 52-week highs. What's driving these drug stocks -- and are they still smart picks for long-term investors?

Image source: Getty Images.

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Source: Fool.com

Bristol-Myers Squibb Stock

€46.46
11.400%
A very strong showing by Bristol-Myers Squibb today, with an increase of €4.76 (11.400%) compared to yesterday's price.
We see a rather positive sentiment for Bristol-Myers Squibb with 8 Buy predictions and 2 Sell predictions.
With a target price of 70 € there is a hugely positive potential of 50.67% for Bristol-Myers Squibb compared to the current price of 46.46 €.
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