Absci Corporation (ABSI) Moves 16.8% Higher: Will This Strength Last?
Absci(ABSI) Zacks Investment Research·2024-04-11 00:11
Absci Corporation (ABSI) shares rallied 16.8% in the last trading session to close at $6.59. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20% gain over the past four weeks.The sudden rise in the share price can be attributed to the positive investor mindset regarding the potential of Absci's preclinical pipeline. Notably, in February 2024, the company initiated IND-enabling studies for ABS-101, an anti-TL1 ...