Why Bullfrog AI Holdings Stock Is Jumping Today
Portfolio Pulse from Erica Kollmann
Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) shares are trading higher after the company announced positive data from a preclinical study evaluating a novel prodrug of mebendazole for the treatment of glioblastoma. The company's shares are up on very heavy trading volume, with more than 8 million shares traded in the session, compared to the stock's 100-day average of 1.072 million shares.
September 26, 2023 | 2:43 pm
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Bullfrog AI Holdings' shares are trading higher due to positive data from a preclinical study. The trading volume is significantly higher than the 100-day average.
The positive data from the preclinical study indicates potential success in the company's research, which is a positive signal to investors. This has led to an increase in the company's stock price. The significantly higher trading volume indicates increased investor interest in the company.
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