Stock Track | Olema Pharmaceuticals Plummets 5.01% Intraday Following Guggenheim Price Target Cut

Stock Track

05/13

Olema Pharmaceuticals, Inc. (OLMA) saw its stock price plummet 5.01% during intraday trading on Wednesday.

The decline followed news that Guggenheim lowered its price target on Olema Oncology to $35 from $38, while maintaining a Buy rating on the shares. Analyst price target reductions are often viewed negatively by the market and can trigger selling pressure.

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(OLMA) saw its stock price plummet 5.01% during intraday trading on Wednesday.</p><p>The decline followed news that Guggenheim lowered its price target on Olema Oncology to $35 from $38, while maintaining a Buy rating on the shares. 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