Why Cassava Sciences Stock Moved Higher Monday

Cassava Sciences (NASDAQ: SAVA) stock, after closing at $95.34 on Friday, opened at $100.14 on Monday, a jump of 4.8%. Cassava stock actually went as high as $106.39 Monday before coming back to earth a bit at $99.32 at the close, but it was still 4.1% higher than it had been on Friday.

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There were some obvious and some not-so-obvious reasons why the stock rose. The obvious is the stock had a significant drop on Friday, falling 11.4%, and on Monday investors jumped in because they saw a good buying opportunity.

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Source Fool.com