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 story : CinCor Pharma's stock opens well above IPO price, then sells off sharply #FinanceUSA #StockMarketNEWS CinCor Pharma Inc.'s stock shot out of the gate in morning trading Friday, but then pulled back

@stockMarketNEWS 14 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

CinCor Pharma's stock opens well above IPO price, then sells off sharply #FinanceUSA #StockMarketNEWS
CinCor Pharma Inc.'s stock shot out of the gate in morning trading Friday, but then pulled back sharply, to trade briefly below in negative territory. The Massachusetts-based biopharmaceutical company's stock's first trade was at .00 at 11:05 a.m. Eastern, or 31.3% above the IPO price. The stock then rose to an intraday high of .67, before selling off to trade as low as .69, or 1.9% below its IPO price, before bouncing slightly to trade flat. At current prices, the company is valued at about 7 million. The company's debut comes on a day that the Renaissance IPO ETF dropped 1.4% while the S&P 500 lost 0.7%.


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