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Why Inovio Pharmaceuticals Is Soaring Today

TheMotleyFool

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Why Inovio Pharmaceuticals Is Soaring TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Inovio Pharmaceuticals (NASDAQ: INO), a highly volatile "coronavirus stock," surged as much as 36% in early trading on Friday. Shares were up about 25% as of 11:33 a.m. EST.

There doesn't appear to have been any company-specific news to justify the huge rally. However, President Trump did sign an $8.3 billion emergency bill to fund efforts to combat the coronavirus Friday morning.

Image source: Getty Images.

Source Fool.com

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