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Benzinga
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Altimmune, Bit Digital, Kratos Defense & Security Solutions And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. Altimmune shares fell 61.2% to $2.99 after trial results. 2. IMPACT Phase 2b trial results for Pemvidutide were disappointing. 3. Overall U.S. stock futures rose, but ALT sharply declined. 4. Other stocks also saw declines in pre-market trading. 5. Market reactions indicate broader investor concerns.

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FAQ

Why Very Bearish?

The significant drop of 61.2% reflects severe market disapproval of trial results, similar to past biotech trial disappointments causing drastic stock declines.

How important is it?

The trial results directly impact ALT's valuation and future prospects, leading to a high likelihood of ongoing negative sentiment.

Why Short Term?

Immediate market reactions suggest a short-term loss of investor confidence which may lead to further declines in the coming days.

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