DNAY - Despite 22% gain today Codex DNA still well down from June IPO price
Despite double-digit gains today, Codex DNA (DNAY +22.7%) is still down ~38% from its IPO in June 2021. Its IPO was priced at $16. In afternoon trading today, shares stood at $9.33 Since the IPO, trading in Codex DNA has been volatile. Last month, Codex benefitted from a deal with Pfizer (PFE +0.7%) to develop mRNA vaccines and biotherapeutics. Seeking Alpha contributor Edmund Ingham called Codex a buy just after the Pfizer deal was announced.
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Despite 22% gain today, Codex DNA still well down from June IPO price