PicoCELA Inc. (NASDAQ:PCLA – Get Free Report)’s share price rose 194.2% during trading on Friday . The stock traded as high as $7.40 and last traded at $6.62. Approximately 36,812,437 shares changed hands during trading, an increase of 1,522% from the average daily volume of 2,269,378 shares. The stock had previously closed at $2.25.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PicoCELA in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on PicoCELA
PicoCELA Stock Performance
Hedge Funds Weigh In On PicoCELA
A hedge fund recently bought a new stake in PicoCELA stock. XTX Topco Ltd bought a new position in shares of PicoCELA Inc. (NASDAQ:PCLA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,648 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned about 0.16% of PicoCELA at the end of the most recent reporting period.
About PicoCELA
PicoCELA, Inc is a clinical-stage biotechnology company focused on the development of next-generation vaccines and immunotherapies based on its proprietary self-assembling protein nanoparticle platform. The company engineers functionalized, virus-like protein particles designed to present disease-relevant antigens in their native conformation, with the goal of eliciting potent B-cell and T-cell responses. PicoCELA’s platform enables the rapid design and production of vaccine candidates against infectious diseases as well as antigen-specific immunotherapies for certain cancers.
The company’s pipeline includes vaccine programs targeting SARS-CoV-2 and other respiratory pathogens, leveraging its nanoparticle scaffolds to display full-length viral spike proteins or other key antigens.
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