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Aridis Pharmaceuticals Stock (ARDS): Why The Price Increased Today
By Amit Chowdhry โ Today at 10:55 AM
The stock price of Aridis Pharmaceuticals Inc (NASDAQ: ARDS) increased by over 10% during intraday trading today. This s why it happened.
The stock price of Aridis Pharmaceuticals Inc (NASDAQ: ARDS) increased by over 10% during intraday trading today. Investors are responding positively to a bullish research report.H.C. Wainwright analyst Vernon Bernardino reiterated a โBuyโ rating on Aridis Pharmaceuticals with a $19 price target. This price target imputes more than an 840% upside for the stock price prior to the research report.
Bernardino adjusted the rating after the company announced that AR-701 is broadly reactive against the omicron variant, other COVID-19 variants, severe acute respiratory syndrome, the Middle East respiratory syndrome, and the common cold. And AR-701 is potentially a first-in-class monoclonal antibody cocktail as it binds to the S2 spike protein subunit, which mediates viral cell membrane fusion in SARS-CoV-2 variants and also binds to the omicron variant with no loss in affinity compared to the original strain.
Plus Bernardino is looking for initiation of Phase 1 testing with AR-701 as a positive catalyst for Aridis shares in early 2022.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
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Go$3
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$ADGI Holding until $14
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$ARDS
Whatโs wrong with you guys
itโs ready to bounce. Hold 10000shares until $5 -
Letโs go $3 today
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$2 is the bottom.
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Itโs her time now!
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$ARDS $2 is the strong support! Good entry now
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๐ค๐ค๐ค๐ค๐ค๐ค
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Is that possible to make $3 tomorrow
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$ARDS Wall Street analysts are rating ARDS a Strong Buy today. Find out what this means to you and get the rest of the rankings on ARDS!
See Full ARDS Report
Why are Analyst Ratings Important?Analysts know the inner workings of the companies they follow better than anyone but the companiesโ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Aridis Pharmaceuticals Inc Stock Today?Aridis Pharmaceuticals Inc (ARDS) stock is trading at $2.22 as of 1:12 PM on Tuesday, Dec 28, a decline of -$0.32, or -12.6% from the previous closing price of $2.54. The stock has traded between $2.08 and $2.51 so far today. Volume today is low. So far 1,027,935 shares have traded compared to average volume of 1,771,147 shares. Click Here to get the full Stock Report for Aridis Pharmaceuticals Inc stock.
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$ARDS red to green
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Donโt understand
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$ARDS๐คฎ๐คฎ๐คฎ
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Donโt know what to say!
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