SAGE Therapeutics is up big, here’s why

SAGE Therapeutics Inc (SAGE) is trading at $141.42 as of 10:15 AM on Monday, Jan 7, an increase of $43.91, or 45.03% from the previous closing price of $97.51. The stock has traded between $139.00 and $158.59 so far today. Volume today is high. So far 1,659,386 shares have traded compared to average volume of 463,495 shares.

SAGE is up today after reporting positive results from a phase 3 study of SAGE-217 to treat postpartum depression.

Meanwhile, the major indices are headed in different directions. The NASDAQ is higher by 0.34% to 6,761.48. The S&P 500 has risen 0.21% to 2,537.25. The Dow Jones Industrial Average has fallen -0.17% to 23,393.99.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives SAGE a score of 72 out of a possible 100. That score is based on three component scores. A fundamental score of 31, a long-term technical score of 89 and a short-term technical score of 95. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Symbols: SAGE

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