SNSS Stock Price Increased Over 46% Intraday: Why It Happened

By Amit Chowdhry ● Feb 23, 2021
  • The stock price of Sunesis Pharmaceuticals, Inc (NASDAQ: SNSS) increased by over 46% during intraday trading. This is why it happened.

The stock price of Sunesis Pharmaceuticals, Inc (NASDAQ: SNSS) increased by over 46% during intraday trading as it went from a previous close of $3.56 to a day high of $5.20. One of the biggest triggers for the stock price increase has to do with a bullish research report from a brokerage.

Oppenheimer analyst Hartaj Singh upgraded SNSS from “Perform” to “Outperform.” And Singh also assigned SNSS a price target of $12.

The $12 price target imputes an upside of over 237%.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.