Following were the major Smallcap gainers in the biotech Sector on Thursday. Keep these stocks on your radar this week.
AVROBIO, Inc (NASDAQ:AVRO) was one of the biggest gainers in the biotech Sector as the stock went up 11.18% to close at $8.95. The stock saw higher than average volume with more than 734K shares exchanged hands, compared to its average volume of 578K shares. Earlier this month, the company reported a net loss of $26.9 million for the first quarter of 2021 as compared to a net loss of $26.0 million for the comparable period in 2020. The stock has fallen 19% in the past quarter. The stock is trading 62% below its 52-week high and 20.13% higher from its 52-week low.
MannKind Corporation (NASDAQ:MNKD) was another gainer in the biotech Sector as the stock closed at best level since early May. The stock moved up 6.25% at $4.42. The stock witnessed heavy volume as more than 5.81 million shares have been traded hands – 1.2X to its average volume of 4.95 million shares. Although there was no news for such a rally, but the stock picked up after the recent slump. The stock has fallen 22.50% in the past quarter.
Sesen Bio, Inc (NASDAQ:SESN) continued to move higher and extended 2-week gains. On Thursday, stock has gained by $0.21 or 7.16% to end the session at $3.16. After opening at $2.98, the stock has moved within a wide range of $2.9501 – 3.2000. On Thursday, the company announced that Sesen Bio President and CEO Dr. Thomas Cannell will participate in a fireside chat at the Jefferies Virtual Healthcare Conference on June 4, 2021. Over the past year, the stock has moved up by whopping 194%.