Magenta Therapeutics Inc MGTA:NASDAQ

Last Price$1.31NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/01/22

Today's Change+0.11(9.17%)
Bid (Size)$1.29 (8)
Ask (Size)$1.30 (2)
Day Low / High$1.19 - 1.31
Volume123.3 K

Magenta Therapeutics Shares Drop After Slew of Target Cuts

1:32PM ET 4/18/2022 MT Newswires
Magenta Therapeutics (MGTA) shares were down almost 10% on Monday afternoon after a series of price-target cuts.

Mizuho Securities cut the price target to $8 from $17, BTIG to $6 from $10, and Wedbush to $7 from $9.

Magenta on Thursday said it will decrease its workforce by 14% and trim other costs as it works to develop its MGTA-117 drug candidate as a potential treatment for acute myeloid leukemia and myelodysplasia.

Price: 2.03, Change: -0.21, Percent Change: -9.60