Stock Track | Olema Pharmaceuticals Plummets 5.01% Intraday After Goldman Sachs Slashes Price Target

Stock Track

03/18

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

The sharp decline followed news that Goldman Sachs analyst Richard Law significantly lowered the firm's price target on Olema Oncology to $27 from $38. While the analyst maintained a Buy rating on the shares, the substantial reduction in the price target represents a negative catalyst that likely contributed to the selling pressure.

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(OLMA) saw its stock price plummet by 5.01% during intraday trading on Wednesday.</p><p>The sharp decline followed news that Goldman Sachs analyst Richard Law significantly lowered the firm's price target on Olema Oncology to $27 from $38. 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