NEXI - (NASDAQ: NEXI) Squeezing Its way to New 52-week High

2024-01-30 10:56:41 ET

DENVER, Colo., Jan. 30, 2023 ( www.247marketnews.com )- NexImmune (NASDAQ: NEXI) is trading at $18.33, up $9.03 (+97.10%), on 6.3M shares traded.

Its 52-week range is $1.2501 to $20.70. It hit a new 52-week low, late November, rallied, and almost broke its 52-week at the beginning of the year, but has popped several times this month, including today’s short squeeze fueled move. However, it needs to consolidate after outrunning its support this morning.

NexImmune is developing novel approach to immunotherapy designed to employ the body’s own T cells to generate a specific, potent, and durable immune response. The backbone of NexImmune’s approach is a proprietary Artificial Immune Modulation (AIM™) nanoparticle technology platform. The AIM technology enables NexImmune to construct nanoparticles that function as synthetic dendritic cells capable of directing a specific T cell-mediated immune response. AIM constructed nanoparticles employ natural biology to engage, activate and expand endogenous T cells in ways that combine anti-tumor attributes of antigen-specific precision, potency and long-term persistence with reduced potential for off-target toxicities. NexImmune is focused on developing injectable AIM nanoparticle constructs and modalities for potential clinical evaluation in oncology, autoimmune disorders and infectious diseases.

Website: www.neximmune.com

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