Shares of Compugen (NASDAQ: CGEN) were rising 4% as of 11:05 a.m. EDT on Thursday. This marked the second consecutive day of solid gains for the stock. The drugmaker's shares jumped on Wednesday after Compugen provided its second-quarter update.
There wasn't any news today, though. The uptick this morning appears to be a continuation of momentum from yesterday.
Most investors don't care all that much about the financial results in a clinical-stage biotech's quarterly update. Instead, they focus on what's going on with the pipeline.
For further details see:
Why Compugen Stock Is Rising Again Today