Analyst: No Catalyst For Big Move In XOMA, Could Be Traders Bottom Feeding Stock


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  • Shares of XOMA Corp (NASDAQ: XOMA) were trading up roughly 27.5 percent on Tuesday, after gaining 22.13 percent on Monday trading.
  • Wedbush's Dr. Liana Moussatos has an Outperform rating and $6 price target on the stock.

Shares of XOMA Corp rose 22.13 percent on Monday, and continued to surge about 27.5 percent on Tuesday.

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Related Link: Wedbush See 470% Upside At Xoma

Wedbush's Dr. Liana Moussatos told Benzinga that, while she sees plenty of potential for the stock and the company in fiscal 2016, she sees no near-term catalysts driving Tuesday’s escalation.

Moussatos added the surge could be a result of traders bottom feeding the stock.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Analyst ColorExclusivesIntraday UpdateMoversLiana MoussatosWedbush