Stock Track | TG Therapeutics Surges on Bullish Outlook and Analyst Support

Stock Track11-06

TG Therapeutics (TGTX) saw its shares soar 5.16% on November 5th, 2024, as investors reacted positively to a combination of factors surrounding the biopharmaceutical company.

While TGTX's third-quarter earnings report showed a miss on earnings per share (EPS), the company's revenue exceeded analyst expectations, providing a glimmer of optimism. Additionally, analysts have projected a massive 1,723% surge in TGTX's earnings per share for 2025, fueling hopes for a strong recovery and future growth.

Further bolstering investor sentiment was the decision by HC Wainwright & Co. to maintain its Buy rating on TGTX stock, signaling continued confidence in the company's prospects. Moreover, bullish options activity was detected, with call volume trading above normal levels and implied volatility increasing, suggesting heightened trader interest in potential upside moves.

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