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Celgene (CELG) Stock Is the ‘Chart of the Day’

NEW YORK (TheStreet) -- Shares of Celgene (CELG) are up 0.42% to $107.90 in early-afternoon trading.

Celgene announced a potential $2.3 billion deal with Jounce Therapeutics, a Cambridge, MA-based cancer drug company this week. Celgene is paying $255 million upfront for Jounce to fund a new generation of drugs to stimulate the immune system to fight tumors, the Boston Globe reports.

Celgene, based in Summit, NJ, is a...