Shares of Affymetrix dropped 14.2 percent for the five-day trading period ended Tuesday. The firm’s shares fell 9.6 percent on Tuesday alone after it said it had filed a shelf registration to offer $250 million of senior convertible notes (see Briefs).
Canaccord Adams analyst Matthew Scalo speculated in an interview with Reuters that Affymetrix may be looking for a “sizeable acquisition.”
Bio-Rad Laboratories led all gainers in the BCW Index for the week, closing up 12.7 percent for the tracking period. It posted strong third-quarter revenue growth, particularly in its clinical diagnostics business, last week.
Overall, the Index declined .7 percent. In comparison, the Dow Jones Industrial Average fell 2.6 percent, the Nasdaq tumbled 5.4 percent, and the Nasdaq Biotech Index dropped 3.3 percent.
|
BioCommerce Week Index of Diversified
Molecular Biology Tool Companies |
||||
| Company |
Ticker
|
Current Price
(November 13, 2007) |
Last
Price (November 6, 2007) |
% change
|
| Affymetrix |
AFFX
|
21.67 | 25.26 | -14.21 |
| Agilent |
A
|
33.91 | 36.13 | -6.14 |
| Applied Biosystems |
ABI
|
34.01 | 36.50 | -6.82 |
| Beckman |
BEC
|
70.42 | 70.97 | -0.77 |
| Becton Dickinson |
BDX
|
83.02 | 80.03 | 3.39 |
| Bio-Rad |
BIO
|
106.57 | 94.55 | 12.71 |
| Bruker |
BRKR
|
9.74 | 10.09 | -3.47 |
| Caliper |
CALP
|
5.21 | 5.67 | -8.11 |
| Cepheid |
CPHD
|
22.45 | 24.54 | -8.52 |
| Illumina |
ILMN
|
53.06 | 57.25 | -7.32 |
| Invitrogen |
IVGN
|
88.40 | 91.41 | -3.29 |
| Luminex |
LMNX
|
16.05 | 15.33 | 4.70 |
| MDS |
MDZ
|
20.98 | 22.42 | -6.42 |
| Millipore |
MIL
|
82.43 | 80.13 | 2.87 |
| PerkinElmer |
PKI
|
27.03 | 28.08 | -3.74 |
| Qiagen |
QGEN
|
21.70 | 23.37 | -7.15 |
| Sequenom |
SQNM
|
9.93 | 9.93 | 0.00 |
| Sigma-Aldrich |
SIAL
|
52.00 | 52.97 | -1.83 |
| Thermo |
TMO
|
57.89 | 57.58 | 0.54 |
| Third Wave |
TWTI
|
8.43 | 9.09 | -7.26 |
| Waters |
WAT
|
74.96 | 74.75 | 0.28 |
| BCW Index Average | 42.85 | 43.16 | -0.71 | |