Cassava Sciences shares are trading lower amid continued volatility in the stock. The company said it is engaging with the DOJ and SEC amid ongoing investigations and has also empowered an Ad Hoc Committee for internal investigation based on SEC findings.
Portfolio Pulse from Benzinga Newsdesk
Cassava Sciences shares are experiencing volatility as the company engages with the DOJ and SEC amid ongoing investigations. An Ad Hoc Committee has been empowered for an internal investigation based on SEC findings.
July 01, 2024 | 12:47 pm
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Cassava Sciences is facing continued stock volatility due to ongoing investigations by the DOJ and SEC. The company has also set up an Ad Hoc Committee for an internal investigation based on SEC findings.
The ongoing investigations by the DOJ and SEC, along with the internal investigation by an Ad Hoc Committee, create uncertainty and negative sentiment around Cassava Sciences. This is likely to result in short-term downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100