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The stock has gained 226.9% in price over the past month to close Friday’s trading session at $6.80. In addition, CRVS hit its 52-week high of $9.54 on September 21.
However, the stock’s price has since plunged, due primarily to profit-taking. Also, on September 24, OrbiMed Advisors sold nearly 1 million CRVS’ shares. Moreover, it reported losses in the second quarter. So, its near-term prospects look uncertain.
