Why Inovio Pharmaceuticals Stock Is Up Today
Shares of the biotech Inovio Pharmaceuticals(NASDAQ:INO) are rising sharply today, up by 5.9% as of 12:23 p.m. EDT, despite the company not reporting any news. But with the company down by nearly 29% over the past five days alone, it seems reasonable to assume that investors think now is a good time to scoop up Inovio’s shares for a discount.
Inovio released its second-quarter financial report on Aug. 10. The big story from the company’s earnings release was an update …