Eiger BioPharmaceuticals Shares Resume Trade Following Circuit Breaker Halt, Stock Now Down -55.6%
Portfolio Pulse from Benzinga Newsdesk
Eiger BioPharmaceuticals' stock resumed trading after a circuit breaker halt, experiencing a significant drop of 55.6%.

April 01, 2024 | 3:20 pm
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NEGATIVE IMPACT
Eiger BioPharmaceuticals' shares saw a dramatic decline of 55.6% following a trading halt due to a circuit breaker.
The significant drop in Eiger BioPharmaceuticals' stock price by 55.6% directly impacts investor sentiment and could lead to increased volatility and potential sell-off in the short term. The circuit breaker halt indicates a sudden and substantial move, which often results in heightened attention from both investors and traders, potentially exacerbating the stock's volatility upon resumption.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100