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Why Biotech Stock ArQule Soared 108% in December

TheMotleyFool 
0 0 04.01.20
Why Biotech Stock ArQule Soared 108% in DecemberPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png
 

Shares of biotech company ArQule (NASDAQ: ARQL) rocketed 108% higher last month, according to data from S&P Global Market Intelligence. 

December's jump brought ArQule stock's 2019 gain up to a whopping 621%. For context, the S&P 500 returned 31.5% last year.

Image source: Getty Images.

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Source Fool.com

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