TG Therapeutics, A New Leaderboard Stock, Skyrockets 17% On Sales Beat, Bullish Guide

Blockhead
03-03

TG Therapeutics (TGTX) stock skyrocketed Monday after the biotech company handily beat Wall Street's fourth-quarter sales expectations and issued a bullish outlook for 2025.

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The company is well known for its multiple sclerosis treatment, Briumvi. During the fourth quarter and 2024, Briumvi brought in a respective $103.6 million and $310 million in sales. Sales soared roughly 250% year over year, TG said in a news release.

Both measures easily topped expectations. Analysts polled by FactSet called for $99.5 million in fourth-quarter sales and $305.9 million for the year.

For the current year, TG expects Briumvi to generate $540 million in sales, ahead of forecasts for $534.4 million.

TG Therapeutics stock rocketed 16.9% to 35.18. Shares bounded off their 50-day moving average and are closing in on a buy point at 36.84 out of a consolidation, according to MarketSurge. Shares also just landed on IBD's Leaderboard.

More to follow.

Follow Allison Gatlin on X/Twitter at @AGatlin_IBD.

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