Shares of Bristol-Myers Squibb Company (NYSE:BMY) traded today at $73.49, eclipsing its 52-week high. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 16 million shares.
There is potential upside of 0.1% for shares of Bristol-Myers Squibb Company based on a current price of $73.26 and an average consensus analyst price target of $73.32.
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 a leader 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.
Over the past year, Bristol-Myers Squibb Company has traded in a range of $53.22 to $73.49 and is now at $73.26, 38% above that low.
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