Why Axsome Therapeutics Stock Is Bolting Higher Today
Axsome Therapeutics (NASDAQ: AXSM), a central nervous system disorder specialist, is having a good day today. Specifically, the drugmaker's shares are up by a healthy 12.2% on heavy volume as of 1:02 p.m. ET Tuesday afternoon. If this latest move holds, Axsome's shares will end the day up by nearly 70% year to date, an especially impressive feat given that we're in the midst of a raging bear market.
What's powering Axsome's stock higher today? Axsome's shares appear to be getting a lift from the company's 2022 third-quarter earnings report released yesterday.
Image source: Getty Images.
Source Fool.com
