Why Is Werewolf Therapeutics (HOWL) Stock Up 20% Today?


  • Werewolf Therapeutics (HOWL) stock is rising as investors react to preliminary clinical trial data.
  • The company is seeing positive results for its cancer treatment in a phase 1/1b study.
  • This brings with it heavy trading of HOWL stock on Friday.
HOWL Stock - Why Is Werewolf Therapeutics (HOWL) Stock Up 20% Today?

Source: aslysun / Shutterstock.com

Werewolf Therapeutics (NASDAQ:HOWL) stock is on the rise Friday after the company released preliminary data from the phase 1/1b clinical trial.

This clinical trial is ongoing and has the company treating patients with advanced or metastatic solid tumors with its interleukin 2 INDUKINE molecule. The study is evaluating the treatment both as a monotherapy and in combination with pembrolizumab.

The big news here comes from data from 16 heavily pretreated patients taking part in the study. The data so far shows proof of mechanism and proof of concept for the Werewolf Therapeutics’ treatment.

Daniel Hicklin, Ph.D., president and CEO of Werewolf Therapeutics, said the following about the news:

“We are encouraged by these preliminary data demonstrating that WTX-124 was generally well tolerated while delivering a wild-type IL-2 to the tumor microenvironment and eliciting monotherapy biomarker and clinical activity, including two patients with ongoing unconfirmed partial responses in the 12 mg cohort.”

How This Affects HOWL Stock

With this news comes heavy trading of HOWL stock on Friday. As of this writing, more than 7.3 million shares of the company’s stock are on the move. To put that in perspective, the company’s daily average trading volume is about 115,000 shares.

HOWL stock is up 20% as of Friday morning.

There’s more stock market news worth reading about below!

We’re offering coverage of all the biggest stock market stories for investors to read about on Friday! A few examples include why shares of Palantir (NYSE:PLTR), Maersk (OTCMKTS:AMKBY) and Nio (NYSE:NIO) stock are on the move today. All of that info is ready to go down below!

More Stock Market News for Friday

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 risks. 

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/2023/11/why-is-werewolf-therapeutics-howl-stock-up-20-today/.

©2024 InvestorPlace Media, LLC