What's Going On With Apollomics Inc Stock?
Portfolio Pulse from Erica Kollmann
Apollomics Inc. shares have been volatile, with a drop of over 75% in the last month. The company announced a report by the Veneto Institute of Oncology on the efficacy of vebreltinib for GBM with PTPRZ-MET fusion. The patient reported an impressive Partial Response after 8 weeks of treatment. Apollomics also presented vebreltinib efficacy and safety data from the KUNPENG clinical trial. Shares of Apollomics are up on heavy trading volume, with more than 67 million shares traded, far exceeding the stock's 100-day average volume of less than 53 thousand shares.
October 27, 2023 | 2:59 pm
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NEUTRAL IMPACT
Apollomics shares have dropped over 75% in the last month but are up on heavy trading volume after the company reported positive results for vebreltinib.
The stock has dropped significantly over the past month, indicating a negative sentiment among investors. However, the recent positive news about vebreltinib and the heavy trading volume suggest a potential recovery in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100