PaxMedica Shares Halted On Circuit Breaker To The Downside, Stock Now Up 142%
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 142%.
November 07, 2023 | 3:11 pm
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PaxMedica's stock was halted on a circuit breaker due to a sharp downside movement, but it is still up by 142%.
The halt on PaxMedica's stock due to a sharp downside movement indicates a significant volatility. However, the stock is still up by 142%, which shows strong performance. The impact on the stock price in the short term could be neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100