- Shares of XOMA Corp XOMA were trading up roughly 27.5 percent on Tuesday, after gaining 22.13 percent on Monday trading.
- Wedbush's Dr. Liana Moussatos has an Outperform rating and $6 price target on the stock.
Shares of XOMA Corp rose 22.13 percent on Monday, and continued to surge about 27.5 percent on Tuesday.
Related Link: Wedbush See 470% Upside At Xoma
Wedbush's Dr. Liana Moussatos told Benzinga that, while she sees plenty of potential for the stock and the company in fiscal 2016, she sees no near-term catalysts driving Tuesday’s escalation.
Moussatos added the surge could be a result of traders bottom feeding the stock.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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