When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AUPH - Why Aurinia Pharmaceuticals' Stock Is Up Big Today
Aurinia Pharmaceuticals Inc
In response to receiving a favorable analyst rating, shares of Aurinia Pharmaceuticals(NASDAQ: AUPH), a clinical-stage biopharmaceutical company, rose 12% as of 3:55 p.m. EDT on Tuesday.
Investors can thank Justin Kim, an analyst at Oppenheimer, for today's double-digit jump. Kim initiated coverage on Aurinia Pharmaceuticals on Monday evening after the market closed and gave shares an "outperform" rating. A price target of $14 was also issued, which is considerably higher than the $5.80 closing share price on Monday.
Traders bid up shares in response to the bullish rating and sky-high price target.