Immunovant ( (IMVT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Immunovant’s stock has been on the move due to swirling rumors of a potential takeover, as reported by Betaville. Despite JPMorgan lowering its price target because of changes in market conditions and valuation metrics, the stock has received a boost from positive clinical data. Analysts have issued buy ratings following successful Phase 2 study results for Immunovant’s Batoclimab in treating Graves’ Disease.
More about Immunovant
YTD Price Performance: -14.05%
Average Trading Volume: 1,591,601
Technical Sentiment Signal: Buy
Current Market Cap: $3.77B
For further insights into IMVT stock on TipRanks’ Stock Analysis page.
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