If You Invested $1000 In Vivek Ramaswamy-Founded Roivant When He Declared Presidential Bid, Here's How Much You'd Have Now
Portfolio Pulse from Shanthi Rexaline
Vivek Ramaswamy, a Republican presidential candidate and founder of Roivant Sciences, Inc. (NASDAQ:ROIV), has seen his company's stock rise since announcing his candidacy. A $1,000 investment in Roivant when Ramaswamy announced his candidacy would have yielded a 30% return in six months. This compares to a 9.5% gain by the S&P 500 Index and a nearly 6% drop by the SPDR S&P Biotech ETF (NYSE:XBI). Roivant's subsidiaries include publicly listed Immunovant, Inc. (NASDAQ:IMVT).
August 25, 2023 | 12:07 pm
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POSITIVE IMPACT
Roivant Sciences' stock has risen since founder Vivek Ramaswamy announced his presidential candidacy.
The news of Ramaswamy's presidential candidacy has likely increased investor interest in Roivant, leading to a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Immunovant, Inc. is a publicly listed subsidiary of Roivant Sciences.
While Immunovant is a subsidiary of Roivant, the news does not directly impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The SPDR S&P Biotech ETF (NYSE:XBI) has seen a nearly 6% drop in the same six-month timeframe.
The news indirectly compares the performance of the SPDR S&P Biotech ETF to that of Roivant Sciences, highlighting the ETF's recent drop.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50