Gritstone Bio shares are trading lower after JMP Securities downgraded the stock from Market Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Gritstone Bio shares declined following a downgrade by JMP Securities from Market Outperform to Market Perform.
October 01, 2024 | 1:28 pm
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NEGATIVE IMPACT
Gritstone Bio's stock was downgraded by JMP Securities, leading to a decline in share price.
The downgrade from Market Outperform to Market Perform by JMP Securities is a significant factor that likely caused the decline in Gritstone Bio's share price. Such downgrades can lead to reduced investor confidence and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100