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Why Puma Biotechnology Is Soaring Today

TheMotleyFool

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Why Puma Biotechnology Is Soaring TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Puma Biotechnology (NASDAQ: PBYI), a small-cap cancer company, are absolutely on fire this morning. Specifically, the biotech's shares gained as much as 38% right out of the gate Wednesday. Puma's shares are still up by a healthy 32% as of 9:46 a.m. EST.

What's driving this eye-popping surge in the drugmaker's share price today? Oddly enough, the company hasn't released any material news to explain this hefty rally.

Image source: Getty Images.

Source Fool.com

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