Vetr Crowd In Lockstep With Market In Opting To Sell Juno

The Vetr crowd downgraded their rating for Juno Therapeutics Inc JUNO on Thursday, from 4.5 stars (Strong Buy), issued 30 days go, to 1.5 stars (Strong Sell). At the time of the downgrade, crowd sentiment for Juno was edging positive, with 66 percent of Vetr user ratings bullish.

Vetr's downgrade on the pharmaceutical company comes after a bit of a selloff following the release of its earnings report on March 1. Juno posted revenue well above estimates, $21.153 million compared to $14.57 million.

The stock fell by more than 12 percent in the first few hours of Thursday's market to a low of $22.20. Shares finished the day at $22.62.

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Currently, the Vetr crowd's average target price for the stock is up at $22.32, which is still below the average analyst target price of $37.67. Less than 2 percent of Vetr users are holding JUNO in their watch lists.