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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
“Based on the liver enzyme elevations observed, along with the determination that we would not be able to safely achieve targeted exposure levels with VX-814, we are discontinuing further development of this molecule,” said Carmen Bozic, M.D, the company’s Chief Medical Officer.
Source: TipRanks
Wednesday saw Vertex shares close 1.68% lower. However, they have fallen significantly lower in after-hours trading, down to $238 or -12.33%.
Analysts surveyed by TipRanks still see a potential rise in the stock over the next 12 months, with an average price target at $306.15.
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.
