Breakfast Technical Briefing on Biotech Stocks -- Calithera Biosciences, Celldex Therapeutics, Clovis Oncology, and Cytokinetics

NEW YORK, Nov. 22, 2017 /PRNewswire/ -- If you want a Stock Review on CALA, CLDX, CLVS, or CYTK then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Pre-market, DailyStockTracker.com dedicates attention to Calithera Biosciences Inc. (NASDAQ: CALA), Celldex Therapeutics Inc. (NASDAQ: CLDX), Clovis Oncology Inc. (NASDAQ: CLVS), and Cytokinetics Inc. (NASDAQ: CYTK). According to a report on BayStreet on November 20^th, 2017, the Biotech sector showed some life last week as it bounced from weekly lows and ended flat on the week. The iShares Nasdaq Biotechnology ETF is down 7.1% on the month but up 17.3% year-to-date. Daily Stock Tracker published free research reports on these stocks today at: http://dailystocktracker.com/register/

Calithera Biosciences

South San Francisco, California headquartered Calithera Biosciences Inc.'s shares gained 1.23%, closing Tuesday's trading session at $10.25. The stock recorded a trading volume of 1.01 million shares, which was above its three months average volume of 615,570 shares. The Company's shares have advanced skyrocketed 215.38% since the start of this year. The stock is trading 26.84% below its 200-day moving average. Additionally, shares of Calithera Biosciences, which focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the US, have a Relative Strength Index (RSI) of 30.88.

On November 02^nd, 2017, Calithera Biosciences announced its financial results for the Q3 ended September 30^th, 2017. Revenue was $7.3 million for Q3 2017; R&D expenses were $10.8 million; G&A expenses were $3.1 million; and net loss from operations was $6.1 million. Cash, cash equivalents, and investments totaled $196.5 million at September 30^th, 2017. See our free and comprehensive research report on CALA at: http://dailystocktracker.com/registration/?symbol=CALA

Celldex Therapeutics

On Tuesday, shares in Hampton, New Jersey headquartered Celldex Therapeutics Inc .recorded a trading volume of 734,442 shares. The stock declined 1.40%, ending the day at $2.82. The Company's shares have advanced 1.08% in the past month and 21.55% in the previous three months. The stock is trading above its 50-day moving average by 1.93%. Furthermore, shares of Celldex Therapeutics, which focuses on the development and commercialization of several immunotherapy technologies and other cancer-targeting biologics, have an RSI of 54.02.

On November 17^th, 2017, Celldex Therapeutics announced that enrollment has opened in its open-label Phase-2 study of CDX-3379 in combination with cetuximab in patients with cetuximab-refractory, advanced head and neck squamous cell carcinoma (HNSCC). CDX-3379 is the Company's human monoclonal antibody that selectively binds and inhibits the activity of ErbB3, also known as HER3. ErbB3 may be an important receptor regulating cancer cell growth and survival as well as resistance to targeted therapies, and it is expressed in many cancers, including HNSCC. CLDX free research report is just a click away at: http://dailystocktracker.com/registration/?symbol=CLDX

Clovis Oncology

Boulder, Colorado headquartered Clovis Oncology Inc.'s stock finished theday4.24% lower at $61.17 with a total trading volume of 1.23 million shares. Shares of the Company have advanced 37.71% on an YTD basis. The stock is trading below its200-day moving average by 12.50%. Additionally, shares of Clovis Oncology, which focuses on acquiring, developing, and commercializing anti-cancer agents in the US, Europe, and internationally, have an RSI of 29.23.

On October 23^rd, 2017, research firm Barclays initiated an 'Overweight' rating on the Company's stock, with a target price of $105 per share.

On November 01^st, 2017, Clovis Oncology reported financial results for the quarter ended September 30^th, 2017. Net loss for Q3 2017 was $60.7 million; R&D expenses totaled $38.9 million; and SG&A expenses totaled $35.0 million. The Company had $628.0 million in cash, cash equivalents, and available-for-sale securities as of September 30^th, 2017. Sign up for your complimentary report on CLVS at: http://dailystocktracker.com/registration/?symbol=CLVS

Cytokinetics

Shares in South San Francisco, California headquartered Cytokinetics Inc. ended yesterday's session 25.68% lower at $8.25. The stock recorded a trading volume of 7.45 million shares, which was above its three months average volume of 485,690 shares. The Company's shares are trading 38.51% below their 200-day moving average. Moreover, shares of Cytokinetics, which focuses on discovering, developing, and commercializing muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining, have an RSI of 22.76.

On October 26^th, 2017, Cytokinetics reported Q3 2017 results. Total revenues for Q3 2017 were $6.2 million; net loss was $32.4 million; total R&D expenses increased to $24.9 million; and G&A expenses increased to $9.7 million. As of September 30^th, 2017, cash, cash equivalents, and investments totaled $308.2 million.

On November 21^st, 2017, research firm H.C. Wainwright reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $26 a share to $17 a share. Register for free on DailyStockTracker.com and download the latest research report on CYTK at: http://dailystocktracker.com/registration/?symbol=CYTK

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