Esperion Therapeutics Inc (NASDAQ:ESPR) Stock Jumps Big: What’s Going On?

Towards the end of the trading session on Tuesday, it was the Esperion Therapeutics Inc (NASDAQ:ESPR) stock which emerged as a notable gainer and ended the day with gains of as much as 40%.

Market Stats

On Tuesday, ESPR stock surged 40.73% at $10.02 with more than 5.04 million shares, compared to its average volume of 1.04 million shares. The stock has moved within a range of $7.02 – 10.02 after opening trading at $7.16.

Latest News

More importantly, it should be remembered that most of the gains recorded by the stock came in the last hour of trading. While the dramatic last hour for the Esperion stock is likely to bring it on to the radars of many investors today, it is also necessary to keep in mind that there was no news about the company yesterday. Hence, the rally may appear speculative or random to many investors as well.

In this situation, it may be a good idea for investors to perhaps take a look at to take a look at the last important news that had come out of the company. Back on November 1, Esperion had announced that it had appointed Seth H Z Fischer in the capacity of a Class III director. It should also be noted that his term is going to end at the 2022 shareholders’ meeting. However, it is unlikely that this news led to the rally in the stock yesterday and hence, investors need to keep their eyes peeled about any news regarding Esperion.

Traders Corner

ESPR stock is trading above the 50-Day and 200-Day Moving averages of $10.09 and $19.10 respectively. However, the stock is trading below the 20-Day moving average of $8.95. The stock is up 14% in the past month.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.