Why Janux Therapeutics Crushed the Market Today
OGEAX Fund | USD 90.43 0.99 1.11% |
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News of an analysts price-target hike plus a new round of capital-raising were the sparks that ignited Janux Therapeutics stock on Wednesday. Well before market open, Scotiabank pundit George Farmer aggressively raised his price target on Janux, cranking it nearly 50 percent higher to 62 per share. What Janux has done, however, is push to extend its runway with a fresh share issue.
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