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Guggenheim Capital cut its stake in Vertex Pharmaceuticals, which missed earnings, but the stock still surged 108.2% last quarter.
Guggenheim Capital reduced its holdings in Vertex Pharmaceuticals by 3,596 shares in the fourth quarter, now owning 135,695 shares.
Vertex, which develops cystic fibrosis treatments, missed earnings per share expectations by $0.45, with a net margin of -4.86%.
Despite a negative price-to-earnings ratio of -225.38, analysts predict Vertex will post 15.63 EPS for the year, and the stock has seen a 108.2% increase in the fourth quarter.
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Guggenheim Capital recortó su participación en Vertex Pharmaceuticals, que perdió ganancias, pero las acciones aún subieron un 108,2% el último trimestre.