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Barchart
Barchart
Jim Van Meerten

This ‘Darling’ Pharma Stock Is Hitting New Highs

  • Rigel Pharmaceuticals (RIGL) is showing exceptional momentum, setting new 52-week highs on Aug. 22.
  • Shares are up nearly 243% over the past year.
  • The stock is trading above key moving averages and is supported by several “Strong Buy” analyst ratings.
  • Fundamentals show impressive projected earnings growth this year, but both revenue and earnings are forecast to decline next year, raising caution.

Today’s Featured Stock

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