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J.L. Bainbridge Exits Most of Biogen Stake as Biotech Stock Eyes Turnaround

Florida-based wealth advisory J. L. Bainbridge & Co. sold 119,376 shares of Biogen (BIIB 0.58%) during the third quarter for an estimated 16.1 million.What HappenedIn a quarterly disclosure filed with the Securities and Exchange Commission on Friday, J. L. Bainbridge & Co. Inc. reported selling 119,376 shares of Biogen (BIIB 0.58%) during the third quarter. The estimated value of the shares sold was 16.1 million, based on the average closing price for the period. The fund now holds just 2,969 shares of Bi ...