SpringWorks Therapeutics shares are trading lower after the stock gained Friday on takeover rumors.
Portfolio Pulse from Benzinga Newsdesk
SpringWorks Therapeutics shares are trading lower after experiencing a surge on Friday due to takeover rumors.
February 20, 2024 | 6:04 pm
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SpringWorks Therapeutics shares are trading lower following a previous surge due to takeover rumors.
The decline in SpringWorks Therapeutics' stock price can be attributed to the speculative nature of the takeover rumors that drove the stock up initially. As the market adjusts to the lack of concrete developments, the stock is experiencing a correction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100