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Why Compugen Stock Is Jumping Today

TheMotleyFool

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Shares of Compugen (NASDAQ: CGEN) were jumping 9.1% higher as of 11:59 a.m. EDT on Wednesday. The big gain came after the clinical-stage drugmaker provided its second-quarter update.

This wasn't a case where a biotech stock soared after posting tremendous revenue growth in its quarterly results. Compugen didn't have any revenue in Q2. However, its net loss of $0.11 per share narrowly beat analysts' consensus estimate of a net loss of $0.12 per share.

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Source Fool.com

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