Cybin shares are trading higher after hedge fund owner Steve Cohen invested $19 million in the company.
Portfolio Pulse from Benzinga Newsdesk
Hedge fund owner Steve Cohen has invested $19 million in Cybin, causing the company's shares to trade higher.
September 18, 2023 | 7:53 pm
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Cybin's shares are trading higher following a $19 million investment from hedge fund owner Steve Cohen.
The investment from a prominent hedge fund owner like Steve Cohen is a strong vote of confidence in Cybin. This has led to increased demand for the company's shares, causing them to trade higher. The impact is likely to be positive in the short term as the news spreads and more investors potentially get interested in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100