Magenta Therapeutics Inc MGTA:NASDAQ

Last Price$1.78Cboe Real-Time Last Sale as of 11:08AM ET 8/15/22
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change+0.01(0.56%)
Bid (Size)$1.79 (6)
Ask (Size)$1.83 (200)
Day Low / High$1.74 - 1.79
Volume13.5 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