Published on 14 Jan 2024 on Zacks via Yahoo Finance
IDEAYA Biosciences, Inc. (IDYA) Moves 7.6% Higher: Will This Strength Last?
IDEAYA Biosciences, Inc. (IDYA) shares soared 7.6% in the last trading session to close at $39.74. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.9% gain over the past four weeks.
The stock rallied on the optimism over the growth of the drug/biotech sector in 2024.
This company is expected to post quarterly loss of $0.49 per share in its upcoming report, which represents a year-over-year change of +2%. Revenues are expected to be $10.17 million, up 152.9% from the year-ago quarter.