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-0.004594180704441 -0.000918836140888026 -0.00893721286370582 -0.0189892802450229 0.00796324655436463 0.0122511485451763 0.0104134762633998 0.00444104134762644
Stock impact report

Olema (OLMA) Hits 4-Year High as Jefferies Hikes PT [Yahoo! Finance]

Olema Pharmaceuticals, Inc. (OLMA) 
Company Research Source: Yahoo! Finance
Olema bounced back on Wednesday to hit a new four-year high as investors took heart from an investment firm's higher price target for its stock. At intra-day trading, Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) soared to its highest price of $30.97 before trimming gains to finish the day just up by 15.43 percent at $30.68 apiece. In a market report, Jefferies raised its price target for the company to $43 from $30 previously, marking a 40 percent upside potential from its latest closing price. The upgrade reflected the investment firm's confidence in oral Selective Estrogen Receptor Degrader (SERD), supported by Roche's encouraging results from the phase 3 trial of giredestrant in the treatment of breast cancer. Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) is also underway with the clinical trial for its own breast cancer therapy called palazestrant. According to Jefferies, the strong performance of next-generation oral SERDs as compared with standard endocrine therapy continues Show less Read more
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