Stock summary: IGM Biosciences faced dramatic loss of 66.72% over the past week

IGM Biosciences Inc. closed at 2.09 USD on January 10, 7:59 PM GMT-5, suffering a dramatic decline of 4.19 USD (-66.72%) over the past five days.

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IGM Biosciences Inc. closed at 2.09 USD on January 10, 7:59 PM GMT-5, suffering a dramatic decline of 4.19 USD (-66.72%) over the past five days. The company recently announced that it would halt the development of two of its treatments.

 The stock opened the week at 2.01 USD and briefly reached a high of 2.19 USD, but its performance was overshadowed by a sharp downturn, hitting a low of 1.87 USD during the week.

After hours, IGM Biosciences dropped further by 0.03 USD (-1.44%), closing at 2.06 USD, signaling continued selling pressure and investor caution.

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With a market capitalization of 12.43 Cr, the company has seen its valuation significantly impacted by this week’s performance. The trading range of 1.87 USD to 2.19 USD reflects heightened volatility.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.