ACLX - Arcellx hits 52-week low stock hovering around IPO price

Arcellx (ACLX) stock hit a 52-week low on Tuesday before modestly moving higher in late morning trading. Shares of the biotech group recently changed hands at $15.09, up 3% at approximately 11:00 a.m. ET. Arcellx shares opened at $14.52, sinking to a 52-week low of $14.18 before moving higher. The stock hit a 52-week high of $19.93 on Feb. 28. The biotech company went public on Feb. 4, pricing 8.25M shares at $15 per share to raise gross proceeds of around $123.8M. The stock closed up 12% following its market debut.

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Arcellx hits 52-week low, stock hovering around IPO price