Why is LEGN down?
Down 16% on Nov 10.
- Legend Biotech fell 16% that day while biotech stocks fell a median 1%:
Down 16% on Nov 10.
LEGN's Quality Score fell 5 points on Tue, Nov 10, to -2. Its price fell below its average of the last 21 days (4 chart checks stopped).
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| Long-term trend | −3 |
| Latest filing | 6-K, Oct 15 |
ReportThis morning: the results are out. Past reports ›
TodayWhat Legend Biotech (LEGN) Said on Its Q3 Earnings Call
Sat Dec 12: American Society of Hematology…Industry event · date confirmed.
Expected to report Tue Mar 9, before the open
$902M in cash
Director Corazon (Corsee) D. Sanders sold 27,370 shares on Sep 29. 4 more insider trades this year.
Decision dates and advisory committee meetings the companies have announced in their filings, soonest first and small companies first.
LEGN is #162 of 281 by Quality Score.
| Rank | Stock | Quality Score |
|---|---|---|
| 1 | ||
| 2 | ||
| 3 | ||
| Open for its score | ||
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| Open for its score | ||
| Open for its score | ||
| 162 |
Expected to report Tue Mar 9, before the open (in 119 days).
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
“The increase of $91.4 million was due to an increase in revenue generated from sales of CARVYKTI ® in connection with the Janssen collaboration and license agreement (the “Janssen Agreement”).”
LEGN's results filing gives no sales by line in a table we read. Its annual report gives the year's, in About.
No outlook figures read from this release.
“The year-over-year improvement of $91.3 million was primarily driven by improved operating income.”
From its results filing (SEC filing · Nov 10)
| Reported | Gap | Reaction | 5 days |
|---|---|---|---|
| Nov 10, 2026 | -12.2% | -16.0% | not yet |
| Aug 11, 2026 | +5.4% | +5.7% | -0.1% |
| May 12, 2026 | -3.7% | +10.5% | +5.5% |
RSI 48.1, MACD above signal, above its 50-day, below its 200-day. Not scored.
2 insiders sold $171K across 2 filings in the last 6 months. No open-market buys on record. The newest:
Officers and directors with a Form 4 in the last 12 months.
Legend Biotech Corp is a clinical-stage biopharmaceutical company. It is engaged in the discovery and development of novel cell therapies for oncology and other indications. The firm's product candidate, LCAR-B38M/JNJ-4528, is a chimeric antigen receptor, or CAR, T cell therapy for the treatment of multiple myeloma. Geographically, the company generates a majority of its revenue from the United States of America. The company generates revenue from License and Collaboration revenue.
“CARVYKTI competes and any future products will compete with novel therapies developed by biopharmaceutical companies, academic research institutions, governmental agencies and public and private research institutions, in addition to standard of care treatments.”
LEGN scores -2 today, which Breakaway calls Poor. It is #162 of 281 in Biotech by Quality Score, with 2 of 14 chart checks firing. Down 16% on Nov 10. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
LEGN scores -2 today, which Breakaway calls Poor (below zero). That is #162 of 281 in Biotech by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind LEGN's -2.
2 insiders sold $171K across 2 filings in the last 6 months. No open-market buys on record. The newest is Patrick John Casey, Director, who sold $89K on Jun 30. Every filing, with the scored weight, for Pro members.
Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.
Insider and Congress trades, the chart, and the financials, in one score.
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