Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Ultragenyx Pharmaceutical Stock Is Bouncing Back Today

TheMotleyFool

0 0

Why Ultragenyx Pharmaceutical Stock Is Bouncing Back Today: https://g.foolcdn.com/editorial/images/849139/investors-study-stock-charts.jpg

While Pharmaceutical (NASDAQ: RARE) provided the market with disappointing news yesterday -- shares plunged more than 42% -- it appears that investors aren't completely writing off the company's potential as a developer of treatments for rare diseases. A firm's favorable view of Ultragenyx stock is motivating some investors to click the buy button today, helping the stock recover from its recent decline.

As of 2:51 p.m. ET, shares of Ultragenyx are up 13.2%.

Image source: Getty Images.

Source Fool.com