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Stock impact report

3 Likely Reasons Geron Stock Is Sizzling Hot Right Now [The Motley Fool]

Geron Corporation (GERN) 
Last geron corporation earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: geron.com/investors
Company Research Source: The Motley Fool
This biotech stock is skyrocketing. Here's why -- maybe. Something has lit a fire beneath Geron Corporation ( NASDAQ:GERN ) stock. The biotech's share price has shot up by more than 35% this week . At the time of this writing, it looks like Geron could move even higher. The big question, though, is what is the catalyst driving Geron stock up so much? There hasn't been any major news from the biotech over the past few days. However, I think there are several possibilities for Geron's big jump. Here are three likely reasons the stock is sizzling hot right now. Image source: Getty Images. 1. Some investors are scared out of their shorts Well over 20% of Geron's float -- the number of shares available for trading -- were sold short prior to this week. For short-sellers, everything's wonderful as long as the stock goes down. That's been the general trend for Geron since late March. However, it's a much different story when the stock price begins to increase. S Show less Read more
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