B. Riley Says Alzheimer's Data From This Firm Has Renewed 'Investor Confidence'

Vandana Singh

Thu, Sep 23, 2021, 1:34 PM1 min read

In this article:

B. Riley says yesterday's readout from a pre-planned 12-month treatment interim analysis of Cassava Sciences Inc's (NASDAQ: SAVA) simufilam trial data "reinvigorate" investor confidence.
The Company announced a pre-planned interim analysis of an ongoing open-label study of simufilam in mild-to-moderate Alzheimer's disease.
Related Content: Cassava Sciences' Simufilam Data Shows Improved Cognition In Alzheimer's Disease.
Analyst Mayank Mamtani has reiterated a Buy rating with a $108 price target.
Mamtani tells investors in a research note that this cognition data update and evaluation methodology "to some extent, helps assuage investor concerns" emanating from the recent Citizen's Petition.
Related: Cassava Sciences Shares Sink With Alzheimer's Drug Mired In Controversy.
But the analyst still asserts that the Company needs supportive 12-month biomarker analyses.
Price Action: SAVA stock is up 16.20% at $60.71 during the market session on the last check Thursday.

Latest Ratings for SAVA

Jul 2021	HC Wainwright & Co.	Maintains	Buy
Jun 2021	B. Riley Securities	Maintains	Buy
Apr 2021	B. Riley Securities	Initiates Coverage On	Buy

View More Analyst Ratings for SAVA
View the Latest Analyst Ratings

See more from Benzinga

'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
Benzinga
Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%
The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
Investor's Business Daily
The PPI Has Good News For The Fed; S&P 500 Futures Flat Ahead Of CPI
Producer price index and consumer price index data both feed into the key Federal Reserve inflation rate.
Investor's Business Daily
AMC stock more than doubles amid meme craze as company completes $250 million share sale
AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.
Yahoo Finance
1 Ridiculously Undervalued Growth Stock Down 93% to Buy Hand Over Fist Right Now in May
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
Motley Fool
Prediction: These Are Wall Street's Next 3 Stock-Split Stocks to Follow Walmart and Chipotle Mexican Grill
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
Motley Fool
My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”
MarketWatch
Southern States Sink As Seriously Underwater Home Mortgages Rise
According to a report released on May 9, 2024, the number of properties classified as seriously underwater is ticking up, with southern states bearing the brunt of the phenomenon. One in 37 homes with mortgages was considered seriously underwater during the first quarter, according to real estate data provider ATTOM's 2024 U.S. Home Equity & Underwater Report. That's up from one in 38 homes during the fourth quarter of last year. A mortgage is considered seriously underwater when the estimated l
Benzinga
US producer prices surge in April on strong services, goods
WASHINGTON (Reuters) -U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. The producer price index for final demand rose 0.5% last month after falling by a downwardly revised 0.1% in March, the Labor Department's Bureau of Labor Statistics said on Tuesday.
Reuters
It’s Not Just GameStop or AMC. SunPower and More Shorted Meme Stocks Are Flying.
One-time meme stocks and other heavily shorted names are rocketing higher in a new retail investor frenzy.
Barrons.com

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

B. Riley Says Alzheimer's Data From This Firm Has Renewed 'Investor Confidence'

Recommended Stories

'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts

Dow Jones Rises After Hot Inflation Data, Powell Next; GameStop Rockets 112%

The PPI Has Good News For The Fed; S&P 500 Futures Flat Ahead Of CPI

AMC stock more than doubles amid meme craze as company completes $250 million share sale

1 Ridiculously Undervalued Growth Stock Down 93% to Buy Hand Over Fist Right Now in May

Prediction: These Are Wall Street's Next 3 Stock-Split Stocks to Follow Walmart and Chipotle Mexican Grill

My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?

Southern States Sink As Seriously Underwater Home Mortgages Rise

US producer prices surge in April on strong services, goods

It’s Not Just GameStop or AMC. SunPower and More Shorted Meme Stocks Are Flying.