A weekly chart can be subject to paint and the longer time period simplifies the chart.
The $5-$7 range has strong VBP resistance but institutional interest has gone from 70 to 85% from end of 2017 to end of 2018 (current numbers unknown). This could be a flushing out of weak hands, retail included.
The Big Boys are the largest investors:
File Date Form Investor Opt Prev
Shares Current
Shares Change
(Percent) Prev Value
($1000) Current Value
($1000) Change
(Percent)
2019-02-04 13G/A BlackRock Inc. 8,493,975 12,378,204 45.73
2019-02-14 13G/A Redmile Group, LLC 10,906,962 10,884,607 -0.20
2019-02-12 13G/A VANGUARD GROUP INC 9,655,527 10,492,223 8.67
2019-02-14 13G/A Clearbridge Investments, LLC 11,071,365 8,406,481 -24.07
2019-02-14 13G STATE STREET CORP 8,345,380 8,100,371 -2.94
2019-01-11 13G MORGAN STANLEY 8,026,699
2019-02-13 13F FMR LLC / Fidelity 7,497,597 6,427,984 -14.27 71,002 30,855 -56.54
2019-02-12 13F Renaissance Technologies LLC 6,312,640 6,182,140 -2.07 59,781 29,674 -50.36
2019-02-15 13F/A MILLENNIUM MANAGEMENT LLC 837,142 4,389,260 424.31 7,928 21,068 165.74
2019-02-12 13F PRIMECAP MANAGEMENT CO/CA/ 3,788,800 3,765,000 -0.63 35,880 18,072 -49.63
2019-02-14 13F Arrowpoint Asset Management, LLC 1,927,950 3,606,724 87.08 18,258 17,312 -5.18
https://fintel.io/so/us/imgn
![](http://images.fintel.io/us-imgn-so.png)
https://fintel.io/so/us/imgn
Note the relative tightness of the EMA ribbons compared to 2016-2017 lows.
![](http://investorshub.advfn.com/uimage/uploads/2019/3/5/mrbyfIMGN_190304_9_day.jpg)
I'm expecting a quick rebound with possible stagnation in the $5-$7 range. This is where fundamentals take over.
Recent IMGN News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 02/22/2024 09:15:19 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:01:40 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:26:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:48:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:48:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:47:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:46:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:45:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:44:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:43:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:42:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:41:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:41:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:40:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:39:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:38:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:37:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:36:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:35:42 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 02/12/2024 09:33:11 PM
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