Why Scholar Rock Stock Raced 6% Higher Today
A pundit at an influential U.S. bank is quite bullish on the company's future.An analyst's initiation of coverage was the spark that lit the fire underneath Scholar Rock's (SRRK 6.05%) equity on Thursday. The clinical-stage biotech's share price ballooned by 6% in response, on a trading day when the benchmark S&P 500 (^GSPC -0.28%) sagged by 0.3%. A rock of a stockWell before market open, Tazeen Ahmad of Bank of America Securities launched her tracking of Scholar Rock. The reason the market reacted so stron ...