Stocks to invest in
Geron Corp. (NASDAQ:GERN) took a leap by 18.60% to $2.55 on April 10, amid announcing the completion of the second wave of reviews related to clinical trials conducted with Johnson and Johnson subsidiary Janssen Research and Development.
The products include IMerge, or the telomerase inhibitor imetelstat in lower risk myelodysplastic syndromes (MDS); and IMbark or relapsed or refractory myelofibrosis (MF). Geron Corp. (NASDAQ:GERN) said in a press release that the results of imetelstat in treated patients back enduring development in lower risk myelodysplastic syndromes while the IMbark results provide possibilities of survival benefit allied with imetelstat treatment in relapsed or refractory myelofibrosis. Myelodysplastic syndrome is a known cancer.
Geron continues to pursue the trials to review the success rate at a longer period and safety figures while Johnson and Johnson has not given its stance on whether or not it will continue the development.
What Does The Smart Money Sentiment Say?
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).
According to our data, none of the 742 elite funds we track owned any shares of Geron Corp. (NYSE:GERN) at the end of Q4. However, some hedge funds such as Paul Tudor Jones of Tudor Investment Corp. and Ken Griffin of Citadel Investment Group, abandoned their Geron shares by 73% and 61%, respectively.
It should be noted that Jones is known as one of the most successful traders in the past century. His net worth is around $3.3 billion and focuses mainly on short-term trading.
The Bottom Line
Geron Corp. (NASDAQ:GERN) is surging in the trading charts following updates to the reviews related to clinical tests with Johnson & Johnson subsidiary. For more reading, here are 10 countries with the toughest drug laws in the world.
Trade (NASDAQ:GERN) Now!
– Stocks to invest in