Ultragenyx (RARE) Surges 5.1%: Is This an Indication of Further Gains?

Ultragenyx (RARE) shares ended the last trading session 5.1% higher at $41.44. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.1% gain over the past four weeks.The sudden rise in the stock price can be attributed to the positive investor mindset regarding Ultragenyx’s key late-stage pipeline progress. A regulatory application, seeking the FDA approval of UX111, an AAV gene therapy candidate being developed for th ...