🧪The lesser-known biotech company IGM Biosciences creating therapeutics for several cancer indications topped our Rippers list today. $IGMS soared over 58% today after presenting preliminary data from a very early-stage clinical trial. This prompted Stifel to sound a bullish price target and send a surge of new money into the stock. The company announced their intention to use the excitement around the stock to raise another round of funding. Despite the announcement of the raise, the stock is up 80% this week.
🛍We’ve seen a bunch of e-commerce companies taking off over the last few months because of the pandemic. Today’s e-commerce all-star is one you’ve probably never heard of: Liquidity Services. $LQDT is one place where all of the returned and excess products end up. The company owns several online auction marketplaces where you can buy pallets of liquidated items, second-hand stock and even government assets. It might be one of the strangest places on the internet to shop. The company is up 41% today and 156% this year.
👕A more ‘normal’ e-commerce company comes in the form of premium personal styling service Stitch Fix, which soared nearly 50% in trading today. $SFIX indicated that their sales returned to pre-COVID levels in the third quarter. The company reported a 10% year-over-year growth in revenue and active users, which translated to the company adding some 240,000 new customers in the quarter.