Halozyme Therapeutics shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
Halozyme Therapeutics shares declined following a downgrade by Wells Fargo from Overweight to Equal-Weight.
October 07, 2024 | 4:46 pm
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Halozyme Therapeutics experienced a share price decline after Wells Fargo downgraded its stock rating from Overweight to Equal-Weight.
The downgrade by a major financial institution like Wells Fargo typically signals a less optimistic outlook, which can lead to a decrease in investor confidence and a subsequent drop in stock price.
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