Trexquant Slashes Stake in Adverum Biotechnologies, Inc. (ADVM)

Group 1 - Adverum Biotechnologies, Inc. (NASDAQ:ADVM) is recognized as a fundamentally strong penny stock with significant potential for investment [1][2] - The company reported impressive progress in the ARTEMIS Phase 3 trial, with increased enrollment driven by enthusiasm from retina specialists and patients, indicating a strong pipeline and future plans [2][3] - Strategic partnership discussions are ongoing, supported by the recognition of Ixo-vec's potential as a leading therapy, and a recent vote of confidence from Frazier Life Sciences, a major investor [3] Group 2 - Trexquant Investment LP significantly reduced its stake in Adverum by 80.5%, now holding 18,694 shares valued at approximately $82,000, which reflects a 0.09% ownership [1]