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Stock impact report

Is Recursion Pharmaceuticals, Inc. (RXRX) the Best Fundamentally Strong Penny Stock to Buy? [Yahoo! Finance]

Recursion Pharmaceuticals, Inc. - Class A (RXRX) 
Company Research Source: Yahoo! Finance
19, TheFly reported that Cathie Wood's ARK Investment has acquired 755,538 shares of Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) in a $3,354,588 transaction. This purchase is a testament to the ARK's growing interest in the biotech sector and aligns with its aim to invest in innovative companies. Earlier, on December 17, JPMorgan upgraded Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) from Neutral to Overweight, while increasing its price target to $11.00 from $10.00. This follows the company's promising results from MEK 1/2 inhibitor, REC-4881, which showcased robust efficacy in FAP patients during the TUPELO trial. The firm believes that the addressable patient population for the treatment is larger than previously anticipated. Looker_Studio/Shutterstock.com JPMorgan sees huge potential for REC-4881 in the United States, forecasting peak sales surpassing $1 billion with a 60% probability of success. Additionally, the investment bank highlighted REC-617, a CDK7 inhibitor that Show less Read more
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