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Why BioMarin Pharmaceutical Inc. Stock Is Fading Today

TheMotleyFool

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Why BioMarin Pharmaceutical Inc. Stock Is Fading TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Rare-disease company BioMarin Pharmaceutical (NASDAQ: BMRN) saw its shares plunge by 11.5% right out of the gate Thursday morning. The drugmaker's shares were being pulled down by the markewide sell-off sparked by the global spread of the COVID-19 illness.

Unlike a lot of its biotech peers, however, BioMarin's shares rebounded to some degree as the day's trading progressed. The biotech stock, in fact, was down by 4.72% as of 10:54 a.m. EDT Thursday.

Image source: Getty Images.

Source Fool.com

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