Madryn Asset Management, LP, a shareholder of around 4.2 percent common stock in pharma firm SomaLogic, Inc. (SLGC) said on Wednesday that Egan-Jones Proxy Services has recommended shareholders to vote against the merger with Standard BioTools Inc.
SomaLogic, Inc. (NASDAQ:SLGCW – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,600 shares, a growth of 170.6% from the November 30th total of 1,700 shares. Based on an average daily volume of 40,200 shares, the […]
Jefferies Financial Group lowered shares of SomaLogic (NASDAQ:SLGC – Free Report) from a buy rating to a hold rating in a research note released on Thursday morning, Marketbeat reports. Jefferies Financial Group currently has $2.30 price target on the stock, down from their prior price target of $3.50. Other research analysts have also issued research […]
By Dean Seal Shares of SomaLogic jumped while Standard BioTools shares declined after the companies agreed to an all-stock merger. SomaLogic's stock was up.