Why AVEO Pharmaceuticals, Inc. Tanked 18.6% in October
Shares of AVEO Pharmaceuticals (NASDAQ: AVEO), a small-cap biopharma focused on cancer, fell 18.6% in October, according to data from S&P Global Market Intelligence. There doesn't appear to be any company-specific news that can justify the big downward movement. However, AVEO's shareholders have had to deal with a lot of volatility in the recent past, so October's double-digit plunge isn't exactly unprecedented.
Here's a quick review of the news out of AVEO last month:
Since neither of these announcements can help explain the big sell-off, AVEO's investors should probably chalk up October's fall to normal small-cap biotech volatility.
Source: Fool.com
Aveo Pharmaceuticals Inc. Aktie
13,85 €
-1,91 %
