Why Scholar Rock Stock Raced 6% Higher Today
An analyst's initiation of coverage was the spark that lit the fire underneath Scholar Rock's (NASDAQ: SRRK) equity on Thursday. The clinical-stage biotech's share price ballooned by 6% in response, on a trading day when the benchmark S&P 500 (SNPINDEX: ^GSPC) sagged by 0.3%.
Well before market open, Tazeen Ahmad of Bank of America Securities launched her tracking of Scholar Rock.
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Source Fool.com
