Market News / Story
CRBU Stock Crashes 35% Premarket — RBC Slashes Target By 90% After Caribou Scraps CAR-T Programs
Stocktwits ·
Stocktwits reports: Shares of Caribou Biosciences (CRBU) crashed more than 35% in pre-market trading on Wednesday, as Wall Street sharply cut its price target after the biotech firm said it would scale back its cancer-drug development efforts. If levels hold after the market opens, CRBU shares would hit a new 52-week low and clock their biggest single-day slide ever. CRBU Set To Reduce Workforce By Q4 After market hours on Tuesday, Caribou said it would stop work on both of its…