Somewhat Positive Media Coverage Somewhat Unlikely to Impact XBiotech (XBIT) Share Price
Media stories about XBiotech (NASDAQ:XBIT) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. XBiotech earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 45.8171450347683 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
XBiotech (XBIT) traded up $0.25 during mid-day trading on Thursday, reaching $4.62. 116,400 shares of the company were exchanged, compared to its average volume of 213,322. XBiotech has a 12 month low of $2.77 and a 12 month high of $20.18.
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XBiotech Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering and developing True Human monoclonal antibodies for treating a range of different diseases. It focuses on its lead product candidate, Xilonix (MABp1), which is derived from a natural human immune response.
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