Stock Track | Xeris Pharma Plunges in Pre-Market on Analyst Downgrade

Stock Track11-11

Shares of Xeris Pharmaceuticals Inc. (XERS) plummeted over 7% in pre-market trading on Friday, November 11th, 2024, following a downgrade by Piper Sandler analyst David Amsellem.

Amsellem lowered his rating on Xeris Biopharma from Overweight to Neutral, while maintaining his price target of $3 per share. The downgrade came after the company's third-quarter earnings report, though Amsellem did not provide specific details regarding the rationale behind his decision.

The stock had been trading around $3.40 prior to the downgrade, but fell to a low of $3.13 in pre-market trading, representing a 7.78% decline. Investors appeared to react negatively to the analyst's revised stance, as downgrades can often signal potential concerns or challenges for a company's future performance.

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(XERS) plummeted over 7% in pre-market trading on Friday, November 11th, 2024, following a downgrade by Piper Sandler analyst David Amsellem.\nAmsellem lowered his ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XERS","symbol_name":"Xeris制药","start_time":0,"source_url":"","article_id":"1170797516","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170797516","pubTimestamp":1731328096,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Xeris Pharmaceuticals Inc.  plummeted over 7% in pre-market trading on Friday, November 11th, 2024, following a downgrade by Piper Sandler analyst David Amsellem.Amsellem lowered his rating on Xeris Biopharma from Overweight to Neutral, while maintaining his price target of $3 per share. 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