Exicure (NASDAQ:XCUR) stock is dropping on Monday after the prior early-stage pharmaceutical company’s shares underwent a rally on Friday.
That rally resulted in shares of XCUR stock rising 76% higher during normal trading hours. With that came heavy trading as more than 14 million shares changed hands. That’s well above its daily average trading volume of about 536,000 shares.
Exicure’s heavy trading came without any news from the company. It’s also worth noting that it currently has no significant operations. The company has also been struggling to remain listed on the Nasdaq Exchange.
What’s Next for XCUR Stock?
The future of Exicure isn’t clear. Considering its lack of operations and problems with keeping its listing, it wouldn’t be surprising to see the stock delisted. This could also come alongside other financial troubles for the company.
For today, it has shares of XCUR stock dropping 27.1% as of Monday morning. That comes with roughly 393,000 shares traded, which is closing in on its daily average.
XCUR is also a penny stock, making it subject to volatility. That means traders may want to steer clear of it considering these latest movements.
Investors who are seeking out even more of the most recent stock market stories are in luck!
We have all of the hottest stock market news that investors need to know about on Monday! A few examples include what has shares of Serve Robotics (NASDAQ:SERV) and Tellurian (NYSEMKT:TELL) stock up, as well as the biggest pre-market stock movers this morning. You can catch up on all of this news at the links below!
More Monday Stock Market News
- Why Is Serve Robotics (SERV) Stock Up 45% Today?
- Why Is Tellurian (TELL) Stock Up 66% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
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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.
