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ALNA - Allena Pharmaceuticals is up as AIGH Capital reveals 8% stake
Allena Pharmaceuticals Inc.
Allena Pharmaceuticals (ALNA) is trading ~12.4% higher today in the premarket. Last week, AIGH Capital Management revealed a stake of 8% in a 13G filing.The investment by AIGH Capital in Allena follows another 8% stake disclosed by Steven Cohen’s hedge fund, Point72 Asset Management last month.In Q4 2020, Allena has witnessed heavy insider selling, and even though Seeking Alpha Quant Ratings indicate a bullish outlook, Wall Street is very bullish on the stock.