Spero Therapeutics (SPRO) Stock Explodes: Shares Skyrocket Over 200% in Stunning Midday Rally!
Cambridge, MA – May 28th – Spero Therapeutics Inc. (NASDAQ: SPRO) is experiencing an extraordinary trading session today, with its stock price having more than tripled in value. As of 12:44 PM GMT-4 (Eastern Time), SPRO shares were trading at 1.40, or an astounding 204.99%, for the day.
This massive surge began right from the market open, with the stock launching at $2.06, already significantly gapped up from its previous close of just 2.47**. Even the intraday low of $1.85 represents a substantial gain from yesterday’s closing price. The 1-day chart depicts a strong upward move followed by trading in a higher range, indicating sustained investor interest.
Spero Therapeutics, a clinical-stage biopharmaceutical company, now has a market capitalization listed as 11.61Cr. The company currently does not have a reported Price-to-Earnings (P/E) ratio and does not offer a dividend yield.
Today’s remarkable high of $2.47 also marks a new peak for the stock over the past 52 weeks, with its previous 52-week low standing at $0.51. The dramatic price movement is undoubtedly capturing significant attention from the market, as investors and analysts keenly watch for catalysts or news that might be driving such a monumental rally in the biopharmaceutical firm.
