11X Stock Market Accelerator Summit

Eric Fry reveals how an A.I.-based secret could make you up to 11 times RICHER on the same stocks you’re investing in now… without using options, leverage, or anything risky.

Wed, September 27 at 8:00PM ET

What Is Going on With In8bio (INAB) Stock Today?


  • In8bio (INAB) stock is slipping on Tuesday.
  • That follows a massive rally on Monday.
  • Keeping the stock from retreating further is orphan drug designation.
INAB Stock - What Is Going on With In8bio (INAB) Stock Today?

Source: Shutterstock

In8bio (NASDAQ:INAB) stock is on the move Tuesday as investors react to a recent rally and additional news from the biotechnology company.

First off, investors will note that shares of INAB stock underwent a massive rally on Monday. That sent shares of the stock 183% higher during normal trading hours. Alongside that were some 168 million shares traded. The stock’s daily average trading volume is about 2.8 million shares.

Considering the size of yesterday’s rally, it makes sense that shares of INAB stock would give up some of those gains. However, it’s still holding on with the stock not seeing as much of a dip as expected. That may be due to other news today.

INAB Stock News for Tuesday

An update from the Food and Drug Administration (FDA) is likely protecting INAB stock from a deeper dip today. The company granted orphan drug designation to INB-400 and INB-410. These are treatments in development for a wide array of malignant gliomas.

Getting orphan drug designation is a wing for INAB stock. It grants the company certain benefits, such as tax credits, grants, exemption from some fees, and more.

With today’s news, more than 2.8 million shares of INAB stock have changed hands. The stock is also down 6.7% as of Tuesday morning.

Investors looking for more of the latest stock market news are in the right place!

InvestorPlace offers up all of the hottest stock market news traders need to know about on Tuesday! Among that is what’s moving shares of TRACON Pharmaceuticals (NASDAQ:TCON), Vyant Bio (NASDAQ:VYNT), and Spectrum Pharmaceuticals (NASDAQ:SPPI) stock today. You can find more on these matters at the links below!

More Tuesday Stock Market News

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risk.

Read More:Penny Stocks — How to Profit Without Getting Scammed

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.

Article printed from InvestorPlace Media, https://investorplace.com/2023/04/what-is-going-on-with-in8bio-inab-stock-today/.

©2023 InvestorPlace Media, LLC