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Why Gracell Biotechnologies Stock Is Trading Higher Today

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Gracell Biotechnologies (NASDAQ: GRCL) shares are trading higher Wednesday after Citigroup initiated coverage on the stock with a Buy rating and a price target of $35 per share.

Gracell Biotechnologies is a clinical-stage biopharmaceutical company focused on developing and discovering cell and gene therapies to address and fulfill unmet medical needs in the treatment of cancer.

Gracell Biotechnologies’s stock was up 7.63% at $27.94. The stock has a 52-week high of $28.88 and a 52-week low of $20.12.

 

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