Adagio Therapeutics (NASDAQ:ADGI) stock is rising higher on Tuesday as investors on social media can’t stop talking about the company.
Interest in ADGI stock is trending higher today with it being one of the most discussed stocks on social media. That comes as news of the Covid-19 Omicron variant began to spread late last week. Alongside that has been a consistent rally for the shares since Friday.
Let’s take a look at what some traders are saying about ADGI stock on Twitter (NYSE:TWTR) today.
ADGI Stock Twitter Talk
— Missie (@missiehost) November 30, 2021
— yoyoTrading (@TradingYoyo) November 29, 2021
$ADGI haha u guys are goons lol this is so heavily shorted could squeeze it to 70+ if we hammer the ask 🆓
— Lars Lind (@SaiPhenom) November 29, 2021
It’s also worth noting that Adagio Therapeutics weighed in on the Omicron variant with a press release today. In it, co-founder and CSO Laura Walker said the following.
“Due to the highly conserved and immunorecessive nature of the epitope recognized by ADG20, we expect that ADG20 will retain activity against Omicron, as we have observed in in vitro models with all other variants of concern identified previously. Further, none of the mutations present in the spike protein of the Omicron variant have been associated with escape from ADG20 neutralization.”
All of this extra attention on ADGI stock comes with heavier-than-normal trading today. That has more than 12 million shares of the stock traded as of this writing. For comparison, the company’s daily average trading volume is closer to 886,000 shares.
ADGI stock is up 6.8% as of Tuesday morning and is up 6,714.4% since the start of the year.
We’ve got more stock market news for traders to jump into below!
InvestorPlace is home to all the most recent stock coverage that traders need to know about. For Tuesday, that includes the news sending deal sending Guardforce AI (NASDAQ:GFAI) stock higher, what’s hitting Olema Pharmaceuticals (NASDAQ:OLMA) shares, as well as the cause behind Pioneer Power Solutions (NASDAQ:PPSI) shares rising. You can find out all about these topics at the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.