Shares of Sagimet Biosciences Inc. (SGMT) are moving up about 35 percent on Monday morning trading after the company announced corporate updates and pricing of an offering of 29.17 million shares of its Series A common stock at $6.00 per share.
The company's shares are currently trading at $7.93 on the Nasdaq, up 35.90 percent. The stock opened at $7.22 and has climbed as high as $8.19 so far in today's session. Over the past year, it has traded in a range of $3.03 to $11.41.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.