What's Going On With Longeveron Stock?
Portfolio Pulse from Erica Kollmann
Longeveron Inc. (NASDAQ: LGVN) shares have surged over 200% this week, driven by a positive report from Zacks Small Cap Research, a new contract for its manufacturing facility, and progress in its Phase 2b clinical trial for Lomecel-B. Despite the recent gains, the stock has decreased by 89.55% over the past year.
June 13, 2024 | 5:13 pm
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POSITIVE IMPACT
Longeveron Inc. shares have surged over 200% this week due to a positive valuation report from Zacks, a new contract for its manufacturing facility, and progress in its Phase 2b clinical trial for Lomecel-B. Despite the recent gains, the stock has decreased by 89.55% over the past year.
The stock's significant rise is attributed to multiple positive developments, including a favorable report from Zacks, a new revenue-generating contract, and progress in clinical trials. These factors are likely to drive short-term price increases, although the stock's high RSI indicates potential overbought conditions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100