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Why Inovio Stock Is Bouncing Back Today

TheMotleyFool

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Shares of Inovio Pharmaceuticals (NASDAQ: INO) were bouncing back somewhat on Friday after Thursday's sharp decline. The stock was up 6.1% as of 11:22 a.m. EDT today after rising as much as 7.7% earlier in the day.

Inovio didn't report any new developments. Instead, the partial rebound is likely the result of investors optimistic about the company's prospects buying on the dip. It's also possible that some short-sellers could be covering their positions before the weekend as a precaution in case Inovio announces good news before Monday.

Image source: Getty Images.

Source Fool.com

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