Strength Seen in Alector (ALEC): Can Its 6.0% Jump Turn into More Strength?
ALECAlector(ALEC) Zacks Investment Research·2024-02-08 20:51

Alector (ALEC) shares ended the last trading session 6% higher at $6.40. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.3% loss over the past four weeks. The FDA granted Breakthrough Therapy designation to the company’s investigational candidate, latozinemab, on Feb 7 for the potential treatment of frontotemporal dementia with a progranulin gene mutation. This might have driven the share price rally. This biote ...