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Stock impact report

Stock Market Today, March 26: Wave Life Sciences Plunges After High Dose Obesity Drug Data Disappoints [Yahoo! Finance]

Wave Life Sciences Ltd. - Ordinary Shares (WVE) 
Last wave life sciences ltd. - ordinary shares earnings: 3/2 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The stock sank after disappointing higher-dose WVE-007 obesity data underperformed the lower dose. Trading volume reached 49.9 million shares, coming in about 1,153% above its three-month average of 4 million shares. Wave Life Sciences IPO'd in 2015 and has fallen 61% since going public. How the markets moved today The S&P 500 fell 1.76% to 6,476, while the Nasdaq Composite lost 2.38% to finish at 21,408. Within biotechnology , industry peers Ionis Pharmaceuticals closed at $74.24 (+2.12%) and Alnylam Pharmaceuticals ended at $328.16 (-0.16%), underscoring stock-specific trial risk for RNA-focused drug developers. What this means for investors Three months after Wave Life Sciences' stock soared from $7 to $21 on positive data from positive WVE-007 weight loss data, its stock plummeted from $12 to $6 in today's session after the company delivered an underwhelming update. While data from patients taking a 240 mg dose showed acceptable fat loss after six months, those taking a la Show less Read more
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