Absci Corp is trading at $6.59 (10.2% down) as the stock gives back a portion of the gains from its recent analyst-driven surge.
- Shares jumped approximately 24% on June 4 after Leerink Partners initiated coverage with an Outperform rating and a $12 price target.
- Today's pullback is attributed to profit-taking and price normalization following the rapid gain, occurring alongside broader weakness in growth and technology stocks.