logo
Plus   Neg
Share
Email

Stock Alert: Kaleido Biosciences Jumps 56%

Shares of Kaleido Biosciences Inc. (KLDO) are surging almost 56 percent or $2.83 in Thursday's morning trade at $7.92 despite no specific news that could influence the stock.

U.S. stocks are little changed in volatile trading on Thursday after opening lower amid lingering concerns about the global economic outlook as Europe grapples with a second wave of coronavirus infections. In a sign of continued weakness in the labor market, the Labor Department released a report showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended September 19.

Lexington, Massachusetts-based Kaleido Biosciences is a clinical-stage healthcare company that develops microbiome metabolic therapies.

The stock has traded in a range of $2.82 to $10.00 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc is allowing some employees who is working from home amid Covid-19 crisis to extend the option until June next year. Reports citing an emailed statement said that employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021. Following the virus spread, the e-commerce giant had allowed employees to work from home until January. Procter & Gamble's skincare brand Olay will debut its first float in the 94th Annual Macy's Thanksgiving Day Parade to be held on November 26 this year. To highlight the low representation of women in the STEM or science, technology, engineering, and math jobs, Olay said that its Thanksgiving Day Parade float will feature a 'Women in STEM' theme. Alternative meat producer Impossible Foods is debuting its flagship product this week in Asian grocery stores. The plant-based meat products will go on sale at about 200 grocery stores in Hong Kong and Singapore, its first grocery foray outside the U.S. Impossible Beef was the flagship product which made its worldwide grocery store debut in 2019.
RELATED NEWS
Follow RTT