Will Allena Pharmaceuticals (ALNA) Stock Jump Over $1 Value This Month?

Without any recent news, Allena Pharmaceuticals (NASDAQ: ALNA) jumps 95% on 242 million volume while stocks are attempting to recover after the long red market. Eight days ago Allena announced an offering of $2.8 million worth of preferred shares. This news pushed the stock to plunge deeper.

Everybody is tired of seeing the red market by waiting for bullish signals. Maybe some investors felt ALNA is on the verge of a breakout and decided to buy. If the market starts gaining this month ALNA might keep its bullish trend but to reach $1 is hard work for the bullish investors to hold and buy.

The company may announce new clinical developments regarding potential candidates that could treat patients with rare and severe metabolic and kidney disorders.

alna stock