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Biogen Idec director sells 15,000 shares

Posted
1/10/2014 12:40:00 PM
By: InvestorsObserver
Referenced Stocks:BIIB

Bobby Raines 01/10/2014

William Young, a director at Biogen Idec ( BIIB ) sold 15,000 shares of the company's common stock on Jan. 8. At $285.11 per share, Young pulled in a total of $4,276,590 from the sale.

IK-> The technicals for BIIB ($289.71 down $0.04) are bullish with a neutral trend. Recent support has been around $271.17 and recent resistance has been around $296.40. Standard & Poor's has a three STARs (out of five) rating the stock. Look at the Feb. 325/330 bear-call spread for a 30-cent credit. That's a 6.38% return and the stock has to rise 12.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]