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Why Sesen Bio Stock Is Soaring Today

TheMotleyFool

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Shares of Sesen Bio (NASDAQ: SESN) were soaring 10.9% higher as of 11:26 a.m. after rising as much as 19.4% earlier in the day. The big jump came after Canaccord analyst John Newman called Sesen "a must-own small-cap stock for 2021."

Should investors buy this biotech stock because one analyst is bullish about it? Nope. However, it's always a good idea to understand why analysts like (or dislike) a given stock.

Image source: Getty Images.

Source Fool.com

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