Why Shares of Ascendis Soared This Week

Shares of Ascendis Pharma (NASDAQ:ASND) climbed more than 25% this week, almost all of that on Thursday. The stock opened at $120.71 on Monday and it wasn’t until Wednesday that it began to climb, rising to $123.67 at the close and shortly before it announced news from the Food and Drug Administration (FDA). On Thursday, Ascendis opened at $150.57 and rose as high as $158.78 during the day before closing at $149.70, still a jump of more than $26 from the day before.

Leave a Reply

Your email address will not be published.