Why Is Q32 Bio Stock Gaining Friday?

benzinga_article
2026.05.29 14:10
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Q32 Bio (NASDAQ: QTTB) shares rose in premarket trading after announcing a $55 million private placement to fund its autoimmune pipeline. The company will issue 6.725 million common shares at $8 per share, with proceeds supporting therapies for alopecia areata. Analysts maintain strong buy ratings with an average price target of $13.50, citing robust momentum and value opportunities.