Los Angeles, July 12, 2017 - StockWatchIndex (SWI) announces today that the two IPO picks it published in late June have all performed well, being up 75% as a group; the entire SWI QuickPicks Portfolio is up 43%. The picks add considerable value to the portfolio and speak loudly for the quality of our research in the BioTech sector.
Aileron Therapeutics closed at $13.68 up from an initial price of $10.75
Dova Therapeutics closed at $26.81 up from an initial price of $12.03
We will continue to follow our picks closely and will consider adding them to our SWI Portfolio during the next few weeks. Having IPO stocks continue to perform well after an initial IPO bump and subsequent drop, which is typical for most IPOs, is encouraging.
We have dropped Pfenex, Inc (PFNX) from the QuickPicks Portfolio and will replace it with a new stock out of the pool of stocks that are currently being researched by us.
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Rainer Poertner - Chief Analyst
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