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Stock impact report

Axsome Therapeutics Stock Rises 36% In A Month But Will The Rally Continue? [Forbes]

Axsome Therapeutics, Inc. (AXSM) 
Last axsome therapeutics, inc. earnings: 3/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: axsome.com
Company Research Source: Forbes
LogoCitybiz[Updated: 9/20/2021] AXSM Stock RiseA couple of months back we discussed thatAxsome Therapeutics (NASDAQ: AXSM)However, over the last month or so, AXSM stock has seen a gradual rise of 36% to levels of $29 currently. The stock has seen 6% growth in the last five trading days. The recent uptick can be attributed to multiple positive developments for Axsome. Firstly, the company has now begun the phase three trials for AXS-12, and the U.S. FDA has also accepted its new drug application for AXS-07 - a drug used for migraine treatment. Also, the regulator missed its August 22 action date for AXS-05, and the company has stated that it was not asked for any additional information on the drug. Investors are now hoping that the deficiencies identified may not be serious.But will AXSM stock continue its upward trajectory over the coming weeks, or is a fall in the stock imminent?According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price usin Show less Read more
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