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Why Inovio Stock Is Jumping Today

TheMotleyFool

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Shares of Inovio Pharmaceuticals (NASDAQ: INO) were jumping 10.5% as of 11:07 a.m. EST on Friday. The biotech didn't announce any new developments. But Inovio's gain likely reflected some investors' continued optimism as the company now moves ahead with a phase 2 study of COVID-19 vaccine candidate INO-4800.

Investors usually shouldn't place much emphasis on big gains (or losses, for that matter) on no news the Friday after Thanksgiving. Such moves often are only noise on a historically low-volume trading day. Instead of temporary price swings, what really matters are the company's growth prospects.

Image source: Getty Images.

Source Fool.com

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