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Wave Life Sciences Shares Plunge as Data for High Dose of Obesity Drug ...
Shares fell 55% despite WVE-007 showing up to 14% visceral fat reduction and favorable safety, with analysts maintaining buy ratings and raised price targets.
Summary by Benzinga
8 Articles
8 Articles
Stock Market Today, March 26: Wave Life Sciences Plunges After High Dose Obesity Drug Data Disappoints
Wave Life Sciences (NASDAQ:WVE), developer of RNA medicines for rare genetic diseases, closed Thursday at $6.20, down 49.59% for the session. The stock sank after disappointing higher-dose WVE-007 obesity data underperformed the lower dose. Trading volume reached 49.9 million shares, coming in about 1,153% above its three-month average of 4 million shares. Wave Life Sciences IPO'd in 2015 and has fallen 61% since going public.How the markets mov…
·Alexandria, United States
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Total News Sources8
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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