Monday, February 1, 2021

INO stock: Inovio Surges On Reddit Call To Action As Investment Firm Boosts Stake

Feb. 1, 2021

Here is the article. 

  1. 33% gains on Feb. 1, 2021
  2. BlackRock now owns more than 14.2 million shares of INO stock, 8.4% of the company. 

Inovio Pharmaceuticals (INO) surged Monday on a Reddit call to action and after investment firm BlackRock upped its stake in the biotech company. INO stock soared to a five-month high.

The Reddit post details "a battle against corruption in the FDA, Big Pharma and shorts." Inovio Pharma is one of several biotech companies working on a Covid-19 vaccine. It's also testing a treatment for a precancerous condition of the cervix.

Shares of INO stock catapulted 33% to close at 16.96 on the stock market today.

In addition to the Reddit call, INO stock jumped on BlackRock's investment. A Securities and Exchange Commission filing shows BlackRock now owns more than 14.2 million shares of INO stock, or 8.4% of the company.

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