Cabaletta Bio 13G Filing Shows Jennison Associates LLC Reports 11.1% Passive Stake In The Co As Of May 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Cabaletta Bio's recent 13G filing reveals that Jennison Associates LLC has reported an 11.1% passive stake in the company as of May 31, 2024.
June 06, 2024 | 5:08 pm
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Jennison Associates LLC has reported an 11.1% passive stake in Cabaletta Bio as of May 31, 2024, according to a recent 13G filing.
The acquisition of a significant passive stake by Jennison Associates LLC is a positive signal for Cabaletta Bio, indicating institutional confidence in the company's prospects. This could lead to increased investor interest and a potential short-term rise in stock price.
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