Stock Track | Capricor Therapeutics Plunges 8.21% in After-Hours Trading as Investors Take Profits Post-Surge

Stock Track
Dec 04

Capricor Therapeutics (CAPR) saw its shares drop 8.21% in after-hours trading on Wednesday, following a dramatic intraday surge fueled by positive Phase 3 trial results for its Duchenne muscular dystrophy (DMD) treatment, Deramiocel.

The stock had skyrocketed earlier in the day, with gains of up to 399%, after the company announced that its HOPE-3 study met both primary and secondary endpoints, demonstrating significant skeletal and cardiac benefits for patients. The after-hours decline is attributed to profit-taking by investors who capitalized on the day's substantial gains, a common occurrence following such sharp rallies.

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