0.15% +0.24

BeiGene Ltd ADR (BGNE)

Overview News Price History Option Chain Financials Why BGNE Down? Discussions Forecast

Why is BeiGene Ltd ADR (BGNE) Stock down?

We've noticed a 7.14% decline in BeiGene Ltd ADR (BGNE) stock during the 2024-03-22 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

09 Nov, 2023:

Beigene Ltd Stock (BGNE) dropped by 5.32% from $200.21 to $189.55 in the trading on Thursday November 9, 2023. The reason why BGNE stock down today is due to the profit-taking after strong Q3 FY23 results.

Total revenue of $781 million and global product sales of $595 million, a 102% and 70% increase from the prior-year period, respectively, while steadily improving operating leverage
Global sales of BRUKINSA totaled $358 million, a 130% increase from the prior-year period, driven by launches in the U.S. and Europe
Net Income for the quarter was $215.4 million compared to net loss of $557.6 million in the same period of 2022.