Apollomics (NASDAQ:APLM) Trading Up 7.4% – Still a Buy?

Apollomics, Inc. (NASDAQ:APLMGet Free Report) shares rose 7.4% during trading on Thursday . The stock traded as high as $7.99 and last traded at $7.26. Approximately 38,635 shares traded hands during trading, a decline of 61% from the average daily volume of 99,412 shares. The stock had previously closed at $6.76.

Apollomics Stock Performance

The firm has a 50-day moving average price of $6.44 and a 200 day moving average price of $8.25.

About Apollomics

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Apollomics, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of oncology therapies to harness the immune system and target specific molecular pathways to eradicate cancer. The company’s products portfolio includes Vebreltinib (APL-101), an oral active, highly selective c-Met inhibitor, which is in Phase 2 clinical trials for treatment of non-small cell lung cancer; APL-102, an oral active, small molecule Multiple Tyrosine Kinase Inhibitor, which is in a in a Phase 1 clinical trial to inhibit various kinases that are aberrantly activated in cancer cells; and APL-122, a tumor inhibitor candidate, targeting ErbB1/2/4 signaling pathwaysthat is in Phase 1 dose escalation clinical trials to treat cancers within the brain.

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