Shares of Juno Therapeutics Inc JUNO began trading on December 19 with an IPO price of $24 per share. Following the IPO, the stock was volatile but remained below $40 per share in its first four trading sessions.
The stock on Friday broke out above the $40 level and closed up over 22 percent. The momentum carried over into Monday’s pre-market as shares recently traded at $51.19, up 5.17 percent.
Monday’s surge above $50 came amid the company’s 8-K filing, which stated that it acquired Opus Bio for $20 million in cash and issued to Opus Bio 1.6 million shares of common stock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.