Kymera Therapeutics (KYMR)

Aug 4, 2022Trade Ideas

Kymera Therapeutics (KYMR) is on the move.

Just yesterday, the $1.42 billion stock was up about $4 a share on a volume spike to 1.04 million shares, as compared to its daily average volume of 766,987.

All after Goldman Sachs initiated coverage of the stock with a buy rating, and a $40 target.

The firm says KYMR is “uniquely positioned” as a leading player in the emerging field of targeted protein degradation, adding that, “Current share levels offer an attractive entry point as the market is taking an “overly pessimistic view” of the outlook for lead asset KT-474,” as noted by TheFly.com.

This morning, the stock is up another 79 cents in pre-market.


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