We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Immunovant Inc. is one of the best-performing stocks on Thursday.
Immunovant grew by 14.64 percent on Thursday to close at $24.82 apiece as investors gobbled up its shares ahead of the results of its third quarter earnings performance in the next few days.
According to Immunovant Inc., it is set to announce the results of its financial and operating highlights before market open on November 10, 2025. A conference call will be held to elaborate on the results.
In the second quarter of the year, the company widened its net loss by 38 percent to $120.6 million from $87.15 million in the same period last year, as total operating expenses grew by 35 percent to $127 million from $94 million year-on-year.
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In other developments, traders also may have positioned their portfolios following unconfirmed buzz that Immunovant Inc. is set to be acquired by one of its largest shareholders, Roivant Sciences Ltd.
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This article is originally published at Insider Monkey.
