MrSmallCap

High Traffic Pivots on CASI Chart

NASDAQ:CASI   CASI PHARMACEUTICALS INC
CASI saw a nice bump in after-hours trading Friday. Shares hit $1.88. Can the Oppenheimer analyst rating be enough of a catalyst to carry through this momentum into the week ahead is the biggest question. Great volume on Friday but is it all for nothing?

"What had sparked some excitement came in light of new analyst activity. Oppenheimer analyst Leland Gershell initiated coverage on CASI . The analyst gave it an Outperform rating and announced a price target of $5. That represents a 182% premium to Friday’s closing price for CASI stock."

Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events

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