Strength Seen in Xencor (XNCR): Can Its 7.3% Jump Turn into More Strength?

Xencor (XNCR) shares soared 7.3% in the last trading session to close at $9.25. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.6% gain over the past four weeks.The sudden price rise can be attributed to growing investor optimism related to the company’s efforts in developing engineered antibodies for the treatment of patients with cancer, as well as autoimmune and inflammatory diseases.This biotech developing antibodies for s ...