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Here's Why Celldex Therapeutics Stock Is Soaring Today

TheMotleyFool

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Here's Why Celldex Therapeutics Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Shares of Celldex Therapeutics (NASDAQ: CLDX), a clinical-stage biotechnology company, are rising in response to insider stock purchases and large equity stakes acquired by independent investment firms. A stock market encouraged by the signs of confidence has driven shares 29.2% higher as of 3:42 p.m. EDT on Friday.

Shares of Celldex rose earlier this week following the presentation of results from a trial with CDX-0159 and 32 healthy patients. A single dose of CDX-1059 suppressed production of plasma tryptase, which could be a big deal for people who frequently break out in hives.

Image source: Getty Images.

Source Fool.com

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