Following were the major Smallcap gainers in the biotech Sector on Friday. Keep these stocks on your radar this week.
Mind Medicine (MindMed) Inc (NASDAQ:MNMD) was one of the biggest gainers in the biotech Sector as the stock went up 8.28% to close at $3.40. The stock saw higher than average volume with more than 8.27 million shares exchanged hands, compared to its average volume of 7 million shares. Last week, announced it has entered into a letter of intent to partner with The Chopra Foundation to educate and build public awareness around the use of psychedelic medicines to treat mental illness, remove outdated stigmas, and ultimately research mental wellbeing approaches that can be used in psychedelic related psychotherapy.
The stock is trading 41% below its 52-week high and 1067% higher from its 52-week low.
Sesen Bio, Inc (NASDAQ:SESN) was another gainer in the biotech Sector as the stock closed at best level since early May. The stock moved up 6% at $3.35. The stock witnessed heavy volume as more than 6.50 million shares have been traded hands – 1.2X to its average volume of 5.35 million shares. The stock has surged 148% so far this year.
The company said 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
Fortress Biotech, Inc (NASDAQ:FBIO) continued to move higher and extended 2-week gains. On Friday, stock has gained by $23 or 6.05% to end the session at $4.03. After opening at $3.77, the stock has moved within a wide range of $3.7600 – 4.0802. The stock has jumped 55% over the past six months. The stock is trading 34% below its 52-week high and 90% higher from its 52-week low.
