PaxMedica Shares Halted On Circuit Breaker To The Downside, Stock Now Up 179.3%
Portfolio Pulse from Benzinga Newsdesk
Shares of PaxMedica (PXMD) were halted on a circuit breaker due to a sharp downside movement. Despite this, the stock is still up by 179.3%.
November 07, 2023 | 2:56 pm
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NEUTRAL IMPACT
PaxMedica's stock was halted due to a sharp downside movement, but it is still up by 179.3%.
The halt on PaxMedica's stock due to a sharp downside movement indicates a significant volatility. However, the stock is still up by 179.3%, which shows strong performance. The impact on the stock price in the short term could be neutral as the downside movement might be balanced by the overall positive performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100