MoonLake Immunotherapeutics shares are trading higher on continued strength following a report on Friday that suggested the company is exploring a sale. Also, HC Wainwright & Co raised its price target from $37 to $75.
Portfolio Pulse from Benzinga Newsdesk
MoonLake Immunotherapeutics is reportedly exploring a sale, which has led to a rise in its share prices. Additionally, HC Wainwright & Co has increased its price target for the company from $37 to $75.
July 17, 2023 | 4:23 pm
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POSITIVE IMPACT
MoonLake Immunotherapeutics is considering a sale, causing its stock price to increase. HC Wainwright & Co has also raised its price target for MLTX from $37 to $75.
The news of a potential sale and the increase in price target by HC Wainwright & Co are both positive indicators for MoonLake Immunotherapeutics. This has led to an increase in the company's stock price and is likely to continue to have a positive impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100