Ardelyx (ARDX) Moves 5.5% Higher: Will This Strength Last?

Ardelyx (ARDX) shares ended the last trading session 5.5% higher at $6.15. 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 1.5% loss over the past four weeks.The sharp stock price rally reflects rising investor confidence in the company’s strong financial performance ahead of fourth-quarter results, driven by robust and growing demand for its two marketed drugs, Ibsrela for irritable bowel syndrome and Xphozah for ...