Stock Track | CorMedix Inc. Plummets 5.24% Intraday After Leerink Partners Slashes Target Price

Stock Track01-12

CorMedix Inc. (CRMD) saw its stock plummet by 5.24% during intraday trading on Monday, following a significant target price cut by Leerink Partners.

The investment firm reduced its target price for CorMedix from $21 to $15, signaling reduced confidence in the company's near-term prospects. This adjustment likely triggered a sell-off among investors, leading to the sharp decline in the stock's price.

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