This is interesting | IMGN Message Board Posts

ImmunoGen, Inc.

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  • Here We Go Again: Apparently, it's just one of those years. We here in the Greater New Orleans Area now find ourselves "in the cone" for the 7th time this year. And while we more or less dodged bullets the first 6 times, it looks like this time Zeta is going to hit close enough to do damage. We can only hope it stays a relatively minor Cat 1 & weakens upon approach. But preparations are once again in order for those of us living along the central Gulf Coast. Members with family or other interests in the affected area are welcome to post on the new Hurricane Zeta Self-Help board we just set up. Good luck & stay safe! 

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Msg  50060 of 51390  at  11/15/2019 2:10:02 PM  by


 In response to msg 50058 by  jv08201
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This is interesting

The institutional holdings report just became public from 9/30/19.

Most of the institutions with large holdings increased shares of IMGN with the exception of Clearbridge which sold a few shares. In particular Renaissance Technologies, arguably the #1 Hedge fund, increased their position 1.6 million shares owning about 5.7% of IMGN stock. Hedge funds double down on promising companies that are perceived to have a depressed stock price. The bad news is that they can get out quickly with high frequency trading which can make the price more volatile. Overall institutional ownership has increased to about 73%.

I view this report as a positive vote of confidence.

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Msg # Subject Author Recs Date Posted
50061 Re: This is interesting Bibliobiftek 1 11/15/2019 4:37:40 PM

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