Why Cassava Sciences Is Bolting Higher Today

Why Cassava Sciences Is Bolting Higher Today

Shares of Cassava Sciences (NASDAQ: SAVA) jumped by as much as 26% in pre-market trading Friday morning. The pre-revenue biotech's stock took flight after a positive note from investment bank Cantor Fitzgerald. Specifically, Cantor Fitzgerald set a $24 per share price target on the biotech's stock Thursday after the closing bell.