Aptevo Therapeutics (APVO) skyrockets as Tang Capital discloses huge stake

Shares of Aptevo Therapeutics (APVO) skyrocketed over 113% on a new Tang Capital disclosure.

  • Aptevo Therapeutics rose 113% premarket, currently trading at $50.52 after Tang Capital Partners reported a 54.4% stake in a new 13D regulatory filing.
  • The reporting persons have expended an aggregate of ~$28.1M to purchase 1.76M Aptevo shares through the open market.
  • APVO share price has grown exponentially to ~267% over the past five days.

According to a recent filing, Tang Capital Partners has disclosed a 54% stake in the company, last week earlier shareholders saw a big surge in stock price after the document was published.

Jay Lorrence
Jay Lorrence

Investor of 12 years and Managing Editor of Money Midnight, a news outlet focused on highly profitable investment ideas and bold underground research.

Articles: 233

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