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0.00186306474149973 0.000931532370749864 0.000931532370749864 0.00419189566837447 0.00838379133674894 0.00838379133674894 0.0123428039124358 0.0060549604098742
Stock impact report

Beam Therapeutics (BEAM) Surges 5.7%: Is This an Indication of Further Gains? [Yahoo! Finance]

Beam Therapeutics Inc. (BEAM) 
Company Research Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.3% gain over the past four weeks. The sudden price rise can be attributed to growing investors' optimism surrounding the company's promising pipeline. Last month, the FDA granted orphan drug designation to Beam Therapeutics' investigational genome-editing candidate, BEAM-101, for treating sickle cell disease, an inherited blood disorder. BEAM-101 showed efficacy in increasing fetal hemoglobin and reducing sickle hemoglobin in early trials. This company is expected to post quarterly loss of $1.04 per share in its upcoming report, which represents a year-over-year change of +6.3%. Revenues are expected to be $13.79 million, up 17.1% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings Show less Read more
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