There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Investors need to pay close attention to Allakos (ALLK) stock based on the movements in the options market lately.

REDWOOD CITY, Calif., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (NASDAQ: ALLK), a biotechnology company developing lirentelimab (AK002) for the treatment of eosinophil and mast cell-related diseases, today announced the appointment of Natalie Holles, president and chief executive officer of Audentes Therapeutics, to the Allakos board of directors. “Natalie’s extensive background in company-building and commercial readiness makes her an exceptional addition to our board and will provide val...

Upgrades * According to Truist Securities, the prior rating for Fox Factory Holding Corp (NASDAQ:FOXF) was changed from Hold to Buy. In the third quarter, Fox Factory Hldg showed an EPS of $1.07, compared to $0.83 from the year-ago quarter. The current stock performance of Fox Factory Hldg shows a 52-week-high of $113.41 and a 52-week-low of $34.58. Moreover, at the end of the last trading period, the closing price was at $102.14. * Northcoast Research upgraded the previous rating for Manpowe...

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REDWOOD CITY, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (the “Company”) (Nasdaq: ALLK), a biotechnology company developing lirentelimab (AK002) for the treatment of eosinophil and mast cell-related diseases, today reported financial results for the third quarter ended September 30, 2020 and provided an update of its ongoing development activities. Business Updates * Announced positive results from our prospective prevalence study showing that 45% (181/405) of symptomatic patients ...

REDWOOD CITY, Calif., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (NASDAQ: ALLK), a biotechnology company developing lirentelimab (AK002) for the treatment of eosinophil and mast cell-related diseases, announced a poster presentation at last week’s American College of Gastroenterology 2020 Virtual Annual Scientific Meeting. The presentation details were as follows:   Title:High Discovery Rate of Previously Undiagnosed Patients with Eosinophilic Gastritis and Duodenitis Using a Systematic E...

REDWOOD CITY, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (the “Company”) (Nasdaq: ALLK), a biotechnology company developing AK002 for the treatment of eosinophil and mast cell related diseases, today announced the pricing of its previously announced underwritten public offering. The size of the offering is $250 million of shares of its common stock. The Company is offering 3,048,781 shares at a public offering price of $82.00 per share. The offering is expected to close on November 2...

Here's a roundup of top developments in the biotech space over the last 24 hours.Scaling The Peaks (Biotech Stocks Hitting 52-week Highs Oct. 27) * Amicus Therapeutics, Inc. (NASDAQ: FOLD) * Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) * Ascendis Pharma A/S (NASDAQ: ASND) * BioLife Solutions Inc (NASDAQ: BLFS) * Bio-Rad Laboratories, Inc. (NYSE: BIO) * Denali Therapeutics Inc (NASDAQ: DNLI) * EXACT Sciences Corporation (NASDAQ: EXAS) ( announced two acquisitions and also reported bette...