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Stock impact report

Why Shares of Stoke Therapeutics Plummeted in September [The Motley Fool]

Stoke Therapeutics, Inc. (STOK) 
Last stoke therapeutics, inc. earnings: 11/12 08:00 am Check Earnings Report
Company Research Source: The Motley Fool
Why Shares of Stoke Therapeutics Plummeted in September After top performance in August, the biotech was hit hard. Shares of Stoke Therapeutics ( NASDAQ:STOK ) crashed 42.6% in September, according to data provided by S&P Global Market Intelligence . That was a dramatic turnaround for the young biotech , which just had its IPO in June. August's story was dramatically different. Despite a lackluster quarterly earnings report mid-month, the share price soared 52% to end August at $37.44. Stoke's share price may have been a victim of its own success. According to its website, the company develops "medicines that increase gene expression to treat genetic epilepsies and other severe monogenic diseases, including genetic conditions affecting the central nervous system, eye, liver, and kidney." Stoke hasn't released any news recently about the status of its products in development. However, numerous analysts initiated coverage of the company in July, when its share price was in the mid-$20s Show less Read more
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