Shares of Absci Corp are retreating today, down nearly 9%, after a significant rally in the previous session was sparked by positive analyst coverage.
- The stock surged approximately 24% on June 4 after Leerink Partners initiated coverage with an "Outperform" rating and a $12 price target.
- The analyst noted the company's "attractive catalyst path" for its lead asset, ABS-201, as a key driver for the positive outlook.
- Today’s decline appears to be a consolidation of those gains, with no new major company-specific news reported.