Rallybio (NASDAQ:RLYB) Major Shareholder Adar1 Capital Management, Llc Acquires 800 Shares
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Rallybio Corporation's major shareholder, Adar1 Capital Management, acquired 800 shares at $13.83 each, totaling $11,064, increasing their stake by 0.10%. This follows a series of recent purchases, including 50,000 shares at $14.00 each. Despite the insider buying activity, Rallybio reported a quarterly loss of $1.46 per share, missing analyst expectations, and currently holds an average Sell rating. The stock is trading near a 52-week high, with a market cap of $75.91 million and a PE ratio of -5.61.
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