Why Clovis Oncology Stock Marched Higher in April
Shares of small-cap cancer company Clovis Oncology (NASDAQ: CLVS) gained a whopping 33.7% over the course of April, according to data from S&P Global Market Intelligence. Clovis' stock regained its footing last month for two overarching reasons.
First and foremost, Clovis' stock lost a noteworthy 15% of its value during March in response to the COVID-19 pandemic. As the company didn't announce any major hiccups in its commercial operations stemming from the public health crisis in April, bargain hunters apparently felt comfortable buying shares in the wake of this double-digit decline.
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Source Fool.com
