Bristol-Myers Squibb Company (NYSE:BMY) traded today at a new 52-week high of $68.42. So far today approximately 2.4 million shares have been exchanged, as compared to an average 30-day volume of 9.2 million shares.
Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, oncology, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is leading in drug development. Unlike some of its more diversified peers, Bristol has exited several nonpharmaceutical businesses to focus on branded specialty drugs, which tend to support strong pricing power.
Bristol-Myers Squibb Company (NYSE:BMY) has potential upside of 43.5% based on a current price of $68.41 and analysts’ consensus price target of $98.15.
In the past 52 weeks, shares of Bristol-Myers Squibb Company have traded between a low of $56.75 and a high of $68.42 and is now at $68.41, which is 21% above that low price.
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