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Stock impact report

Rigel (RIGL) Surges 19.7%: Is This an Indication of Further Gains? [Yahoo! Finance]

Rigel Pharmaceuticals, Inc. (RIGL) 
Last rigel pharmaceuticals, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.rigel.com
Company Research Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.6% gain over the past four weeks. Earlier this month, the company enrolled the first patient in a phase Ib/II triplet therapy study, which evaluated its marketed drug Rezlidhia (olutasidenib) in combination with decitabine and venetoclax for the treatment of mutated isocitrate dehydrogenase-1 (mIDH1) acute myeloid leukemia (AML). This might have driven the share price rally. This drug developer is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +103.3%. Revenues are expected to be $40.69 million, up 44.7% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price moveme Show less Read more
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