Alumis Inc. ( (ALMS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Alumis Inc. shares moved higher after analysts turned more bullish on the stock, with Chardan initiating coverage at Buy and H.C. Wainwright lifting its price target. The rally came even as the company tapped equity markets, launching a sizable common-stock public offering and completing a 17.65 million–share secondary sale priced at $17, a move that raises fresh capital but typically adds selling pressure and share dilution.
More about Alumis Inc.
YTD Price Performance: 151.13%
Average Trading Volume: 2,918,456
Technical Sentiment Signal: Buy
Current Market Cap: $3.06B
For further insights into ALMS stock on TipRanks’ Stock Analysis page.
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