Potential Muscular Dystrophy Treatment Fuels Stock Rise
The resurrection of volatility continues this February.
Yesterday, stocks appeared to have found some stability during Monday’s trading—major indexes were up for the entire market session, a first since the recent correction began. But indexes are down uniformly on today’s trading at the time of this writing. Interest-rate pressure continues to remind investors of the potential downside of equities.
While traditional investors fearfully await word from the Federal Reserve on the pace of rate hikes, News-based traders simply keep profiting. As investors become more skeptical of aggregated valuations, specific stock news becomes a bigger focus
CATB is a clinical-stage biopharmaceutical company. They are currently engaged in Phase 2 trials evaluating the efficacy of
This morning, they announced positive initial results from the Phase 2 evaluation: “Across all key assessments of muscle function, improvements were observed in the rate of decline after 24 and 36 weeks of oral 100 mg/kg/day
Investors bought the stock on huge volume, driving it to gains that have consolidated near 50% after flirting with the 100% mark. The pharma sector continues to hold unmatched long-profit potential for short hold-time trades in recent months.
Diverse Plays, Great Profits: All in a single news day.
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