Why Axsome Therapeutics Stock Is Rising Today
Shares of Axsome Therapeutics (NASDAQ: AXSM) were rising 6.8% as of 12:05 p.m. EST on Monday. The gain came after the company provided its third-quarter update earlier in the morning.
Axsome posted a net loss of $34.9 million, or $0.93 per share, in the third quarter. That was a little better than the average analysts' estimate of a net loss of $0.95 per share. The company didn't generate any revenue in the quarter.
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Source Fool.com
