Why LENZ Therapeutics Stock Hit A New 52-Week High Today

LENZ Therapeutics Inc LENZ shares are trading higher by 2.6% to $28.72 during Monday’s session, though off their new 52-week high of $31.00, after the company announced the FDA accepted its new drug application for LNZ100 for the treatment of Presbyopia.

What Else: LENZ says presbyopia is a vision condition affecting 1.8 billion people globally, including 128 million in the U.S. The FDA has set a target decision date of August 8, 2025, and will not hold an advisory committee meeting.

LENZ CEO Eef Schimmelpennink expressed optimism about potential approval and the company’s efforts to transform into a commercial organization, with a possible launch in the second half of 2025. The NDA is backed by positive Phase 3 CLARITY study results.

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How To Buy LENZ Stock

By now you're likely curious about how to participate in the market for LENZ Therapeutics – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of LENZ Therapeutics, which is trading at $29.91 as of publishing time, $100 would buy you 3.34 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, LENZ has a 52-week high of $31.00 and a 52-week low of $14.42.