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-- 358.180 BiotTech Rises with the Index Tide
After two major indexes reached all-time highs, pharmaceutical stocks for companies in drug trials were caught up in the energy and rocketed forward. The largest gainers were $Spyre Therapeutics (SYRE.US)$, up 26% Monday morning, and $Gyre Therapeutics (GYRE.US)$ +10%.
Spyre felt the positive pressure from fresh buy ratings by analysts like Stifel. $Ginkgo Bioworks (DNA.US)$ also roase 9%, despite a new sell rating from Goldman Sachs.
But monday morning was not all roses for the biotech sector. Gilead Sciences fell 9% after a phase three lung cancer treatment trial failed to meet goals. ZLAB Zai Lab fell 7%
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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103398487 : thanks..is syre a good buy today at current price of 20.640 ?