Investors baffled why Danish biotech firm spikes 1,387%
Danish investors and analysts spent their morning trying to figure out why a tiny biotechnology company suddenly soared almost 1,400% during US trading hours
11 June 2021 - 17:31
Danish investors and analysts spent their morning trying to figure out why a tiny biotechnology company suddenly soared almost 1,400% during US trading hours.
Orphazyme A/S says it has no idea why its American depositary shares surged overnight. When trading started in Copenhagen on Friday, the stock initially rose as much as 76%, before jumping more than 140% when the US opened later in the day. The company warned investors against being sucked into the frenzy...
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