Revolution Medicines Shares Slide 17%

Core Viewpoint - Revolution Medicines, Inc. (RVMD) experienced a significant decline of 17.11 percent, dropping $20.14 to $97.54, attributed to broad selling pressure rather than company-specific news [1]. Group 1: Stock Performance - Shares opened at $93.46, down from a previous close of $117.68, indicating a notable drop [2]. - The stock traded within a range of $92.50 to $99.51 during the session on the Nasdaq, reflecting high volatility [2]. - Trading volume surged to approximately 7.79 million shares, significantly above the average volume of around 3.30 million [2]. Group 2: Historical Context - Over the past 52 weeks, Revolution Medicines has seen its stock price fluctuate between $29.17 and $124.49, indicating elevated volatility as investors reassess valuations in the biotech sector [2].