US spot Bitcoin and Ether exchange-traded funds recorded significantly wider outflows on Wednesday, underscoring continued institutional risk aversion as macroeconomic and geopolitical uncertainty weighed on digital asset markets.

According to data from Farside Investors, spot Bitcoin ETFs saw a combined daily net outflow of $708.7 million, marking the largest single-day redemption in roughly two months.

The selling was broad-based across products, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for the largest share of withdrawals at $356.6 million.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $287.7 million in net outflows, while four other Bitcoin-linked ETFs also posted negative flows.

Spot Ether ETFs mirrored the weakness. The funds recorded a combined net outflow of $286.9 million on Wednesday.

BlackRock’s iShares Ethereum Trust (ETHA) represented the bulk of that figure, with $250.3 million exiting the fund in a single session.

Three other Ether ETFs also reported net outflows, while Grayscale’s Ethereum Mini Trust was an outlier, attracting $10 million in inflows.

Flows for the 21Shares Ether fund had not yet been reported, according to SoSoValue.

Macro shock drives ETF redemptions

The heavy ETF outflows coincided with sharp intraday moves in the underlying cryptocurrencies.

Bitcoin and Ether briefly fell as low as $87,000 and below $3,000, respectively, during Wednesday’s session.

The decline was widely attributed to renewed tensions between the United States and the European Union, as well as heightened volatility in Japan’s government bond market, which spilt over into global risk assets.

That risk-off move prompted institutional investors to further reduce exposure to crypto-linked products, extending a trend of defensive positioning that has persisted since late 2025.

Later in the session, markets found some relief. President Donald Trump said he had struck a framework agreement with NATO regarding Greenland and indicated that he would not impose tariffs on EU countries in February.

Those comments helped stabilise broader markets and triggered a partial rebound in crypto prices.

Bitcoin recovered to trade around $90,000, while Ether moved back toward the $3,000 level.

Crypto lags broader market rebound

Despite the late-day recovery, digital assets struggled to keep pace with gains in other risk markets.

Bitcoin initially jumped after Trump said he would not impose tariffs against Europe over his demands related to Greenland, and that a framework deal had been reached.

However, the world’s largest cryptocurrency failed to hold those gains and drifted back below $90,000 shortly afterwards.

The price action contrasted with stronger rallies in global equity markets, particularly in technology stocks, which typically serve as a directional cue for cryptocurrencies.

At the same time, traditional safe-haven assets such as gold fell sharply, highlighting a divergence in investor behaviour.

Market participants said crypto remained out of favour relative to both equities and commodities, reflecting lingering caution after a flash-crash toward the end of 2025 that severely dented sentiment among both institutional and retail investors.

Bitcoin edged slightly higher on Thursday but struggled to convincingly reclaim the $90,000 level, suggesting that confidence remains fragile.

The post Bitcoin, Ether ETFs see around $1B in outflows as macro volatility spurs risk reduction appeared first on Invezz

China pushed back against US President Donald Trump’s criticism of its wind power record at the World Economic Forum in Davos, Switzerland, reiterating its commitment to advancing the global shift toward low-carbon energy.

Guo Jiakun, a spokesperson for the Chinese foreign ministry, said at a regular press conference on Thursday that China’s efforts to tackle climate change and promote the development and application of renewable energy in the world were obvious to all, according to a Reuters report.

Trump’s critique and China’s pushback

During his address to the influential gathering of delegates at the Davos meeting, which included a diverse and powerful array of global political and business leaders, Trump launched a pointed critique against China’s role in the global wind energy sector.

Trump asserted that China is responsible for the manufacture of the vast majority of the world’s commercial windmills.

However, he followed this factual claim with a rhetorical question and observation, noting that despite this massive production capability, he had not “been able to find any wind farms in China.”

This juxtaposition—China’s massive production versus its apparent low domestic consumption—formed the basis of his controversial characterisation of those nations and entities actively purchasing Chinese-made windmills. 

In a blunt and characteristically provocative statement, Trump described China’s buyers as “stupid.” 

This comment suggested his belief that these buyers were making poor economic or strategic decisions by heavily relying on a key competitor for their energy infrastructure, implying a failure to grasp the trade imbalance or geopolitical implications inherent in the transaction.

The remarks were part of his broader “America First” theme, designed to challenge existing global trade practices and encourage domestic production and energy independence, casting doubt on the environmental and economic motivations of the prevailing global energy transition strategy.

China’s dominant role and global impact

Meanwhile, Guo highlighted China’s dominant position in the global renewable energy sector, noting that the country has maintained the world’s largest installed wind power capacity for 15 consecutive years. 

This remarkable sustained growth demonstrates China’s significant investment and commitment to harnessing wind energy. 

Furthermore, Guo emphasised the global impact of China’s green technology exports, specifically wind power and photovoltaic products. 

These exports have played a crucial role in international efforts to combat climate change, facilitating a reduction of approximately 4.1 billion tons in carbon emissions for other nations. 

As a responsible developing country, China is willing to work with all parties to continue to promote the global green and low-carbon transformation.

US disapproval and EU investigation

Offshore wind developers have experienced consistent setbacks under Trump’s administration, as he has repeatedly voiced his disapproval of wind power, labelling wind turbines as expensive, inefficient, and aesthetically displeasing.

As the world’s leading wind power producer, China is facing scrutiny from the European Union. 

In 2024, the EU initiated an investigation into subsidies received by Chinese wind turbine suppliers whose products are intended for the European market.

This action is intended to protect European companies from inexpensive Chinese imports, a move Beijing has denounced as “protectionism.”

For the first time last year, wind and solar power surpassed fossil fuels in electricity generation within the EU. 

The landmark achievement signals the bloc’s ongoing transition toward low-carbon energy, even as some governments continue to resist the change.

The post Davos showdown: China pushes back against Trump’s ‘stupid’ windmill buyers comment appeared first on Invezz

Ubisoft Entertainment shares suffered their worst day on record on Thursday after the French video game publisher unveiled a sweeping reorganisation, studio closures, and the cancellation of six games, deepening concerns over its financial trajectory.

Shares of the “Assassin’s Creed” maker fell as much as 33% in delayed trading, leading losses on Paris’ SBF 120 index and marking the steepest one-day decline since the company’s 1996 initial public offering.

The stock was trading around €4.6, giving Ubisoft a market capitalisation of roughly €616 million ($720 million), according to market data.

The selloff follows years of declining share performance after the Covid-19 pandemic, as Ubisoft grappled with delayed releases, rising costs, and weakening bookings.

Major restructuring and studio closures

On Wednesday evening, Ubisoft announced a major organisational overhaul, including plans to split its operations into five creative divisions organised by game genre.

As part of the restructuring, the company said it would shut studios in Halifax, Canada, and Stockholm, while carrying out restructurings at studios in Abu Dhabi, Helsinki, and Malmö.

Ubisoft also confirmed it would cancel development on six games, including a highly anticipated remake of Prince of Persia, and delay an unannounced title by a year.

“Today’s market environment requires that the Group step-changes how it is organized and operates,” Yves Guillemot, Founder and CEO of Ubisoft, announced in the statement.

“The portfolio refocus will have a significant impact on the Group’s short term financial trajectory, particularly in fiscal years 2026 and 2027, but this reset will strengthen the Group and enable it to renew with sustainable growth and robust cash generation.”

The company said the restructuring triggered a €650 million write-down and that it now expects an operating loss of around €1 billion ($1.17 billion) for the financial year ending 2026.

Forecast cuts and cost-saving plans

Alongside the restructuring, Ubisoft sharply lowered its outlook.

The company now expects net bookings of around €1.5 billion ($1.75 billion) for the financial year ending 2026, down €330 million from previously issued guidance. It also withdrew its earlier guidance for fiscal years 2026 and 2027.

Ubisoft said it would consider selling assets as part of efforts to stabilise its finances.

Cost-cutting measures are expected to generate €500 million ($580 million) in savings, with fixed costs projected to fall to €1.25 billion ($1.46 billion) on a run-rate basis by March 2028, compared with €1.75 billion ($2.35 billion) in the financial year ending 2023.

The company separately said it would trim €200 million of costs over the next two years.

The company also warned it would lose about €1 billion on an adjusted basis before interest and tax this fiscal year, compared with a previous expectation of roughly breakeven.

Market reaction and investor impact

Analysts reacted sharply to the announcement. “This is a dire profit warning in a long string of unmitigated disasters,” said analysts at Bernstein.

The plunge marked a significant win for short sellers.

Citadel held a short position equivalent to 0.89% of Ubisoft shares as of Tuesday, implying profits of roughly €240 million from Thursday’s move, according to French securities filings.

London-based Marchant MC also disclosed a short position worth 0.56% of the company.

Ubisoft’s shares have now lost nearly half their value over the past year and are far below their 2018 peak market capitalisation of around €11 billion, underscoring the scale of challenges facing the publisher as it attempts to reset its business.

The post Ubisoft shares plunge 33% after restructuring and game cancellations appeared first on Invezz

JetBlue stock price has rebounded in the past few months even as its short interest has risen to 16% and as analysts have turned highly bearish on the company. JBLU jumped to $5.52, its highest level since September 3, and 40% above the lowest level in December last year. 

Analysts have turned bearish on JetBlue stock 

Data compiled by MarketBeat shows that Wall Street analysts have turned highly bearish on JetBlue, one of the top low-cost airlines in the United States.

The consensus stock target for the stock is $4.94, down by 10% from the current level. 6 of the 11 analysts tracking the company have a sell rating, while five of them have a hold rating.

Goldman Sachs’ Catherine O’Brien maintained a sell rating even as she boosted her target from $3.5 to $4, while Susquehanna, Citigroup, Weiss Ratings, UBS, and Bank of America have a sell or an underperform rating on the stock.

READ MORE: JetBlue stock price pattern points to a 55% surge

JetBlue stock price has underperformed because of the rising competition from the big carriers like Delta, United Airlines, and American, which have expanded their routes and their low-cost services.

At the same time, investors have taken a bearish outlook for the company, as the woes in the low-cost carrier industry have continued. Its short interest has jumped to over 16%, a sign that they expect to benefit as the stock retreats this year.

The recent financial results showed that JetBlue Airways continued to struggle in the third quarter. Its revenue dropped by 1.8% YoY to $2.3 billion, bringing the nine-month figure to $6.8 billion. Its net loss also jumped to $143 million. 

Wall Street analysts expect that the upcoming results will show that the revenue dropped by 2.54% to $2.22 billion, while the earnings per share (EPS) deteriorated to 46 cents.

On the positive side, analysts expect that its financial results will start to improve in this year, with the average estimate being that its revenue will move to $9.7 billion from the 2025 level of $9.03 billion.

The company is also expected to reduce its losses, with the average estimate being a loss -per-share of 92 cents, better the previous $1.61. This optimism explains when the stock has rebounded as investors anticipate a good turnaround.

JetBlue share price technical analysis 

JBLU stock price chart | Source: TradingView 

The daily timeframe chart shows that the JetBlue stock price has rebounded in the past few months, moving from a low of $3.99 in November to the current $5.50.

It formed a double-bottom pattern, a popular bullish reversal sign in technical analysis. Its neckline is at $5.72, its highest level in September.

The stock has moved above the 50-day and 200-day Exponential Moving Averages (EMA), while most oscillators have pointed upwards. It is also about to form a golden cross pattern  

Therefore, the stock will likely continue rising in the near term, with the next key target being at the 61.8% retracement level at $6.41, followed by the 78.6% retracement at $7.45.

The post JetBlue stock price: golden cross pattern nears ahead of earnings appeared first on Invezz

As the tennis world turns its attention to the opening Grand Slam of the season, Australian Open 2026, WhiteBIT, Europe’s largest cryptocurrency exchange by traffic, and Elina Svitolina — Olympic bronze medalist, Jean King Cup 2025 semifinalist and 19-time WTA singles champion — have announced a strategic partnership.

The announcement comes at a key moment in the international tennis calendar, following Svitolina’s title-winning performance in Auckland and during the first major tournament of the year, when global attention is focused on elite competition and player performance.

As part of the agreement, Elina Svitolina joins WhiteBIT as a global brand ambassador.

In addition, WhiteBIT became the official crypto partner of the Ukraine Women’s National Tennis Team and the Svitolina Foundation.

The partnership brings together professional sport, digital tools and social initiatives within the evolving global tennis environment.

From the court to crypto: Serving the future

The partnership focuses on practical cooperation between sport and technology, including team support, athlete representation and web3 fan engagement initiatives.

WhiteBIT will support the Ukraine Women’s National Tennis Team’s preparation programmes and introduce fan-facing digital tools during selected international tennis events.

As part of the cooperation, the WhiteBIT logo will be featured on the official training and representative kit of the Ukraine Women’s National Tennis Team, strengthening the company’s visibility across European and global tennis events.

Volodymyr Nosov, Founder and President of W Group, commented:

Together, we will make the world of blockchain, digital currencies, and innovation understandable and accessible to tennis fans. Our partnership with the National Women’s Team and Svitolina Foundation is an investment in future victories and the confidence of young talents. As a brand ambassador, Elina Svitolina will help us promote innovative technologies and digital literacy, bringing the world of blockchain closer to  a global audience, starting with the resilient sports community of Ukraine. We are combining sports and technology to create new opportunities for Ukraine, even in the most difficult times.

Three pillars of the partnership: Sport, technology, social impact

● Support for professional sport and Web3 integration

As the official crypto partner of the Ukraine Women’s National Tennis Team, WhiteBIT will provide resources to support sustainable athletic development throughout the competitive season.

In parallel, the company will integrate selected Web3 solutions into fan engagement initiatives, introducing modern digital interaction formats for international tennis audiences.

This approach reflects broader global trends where technology companies increasingly collaborate with professional sports organisations to enhance fan experience and digital accessibility.

● Innovation and brand ambassadorship

As a global brand ambassador, Elina Svitolina will support initiatives aimed at expanding the mainstream adoption of blockchain technologies and digital financial tools.

Her role will focus on promoting digital literacy and practical use cases of crypto solutions within everyday digital services and the professional sports environment.

● Social impact and education

As the official crypto partner of the Svitolina Foundation, WhiteBIT will scale the foundation’s humanitarian and educational initiatives.

The partnership includes programs to support young talent and provide educational grants that contribute to long-term personal and professional development.

Crypto-powered donations and transparency

The partnership will also introduce crypto-based donation solutions for the Svitolina Foundation.

Powered by WhiteBIT’s technology, supporters from around the world will be able to contribute quickly, securely, and transparently to humanitarian and educational projects.

Elina Svitolina commented:

I am sincerely delighted with our cooperation and happy to have a strong and stable partner by my side. For me, it is an important mission to be a guide in the world of modern technologies and help make them understandable and useful for people. Together with WhiteBIT, we will be able to speak even louder about the strength of companies with Ukrainian roots, solutions and achievements in the world, as well as lay a solid foundation for the development of sport and opportunities for future generations.

This partnership marks the beginning of long-term cooperation between WhiteBIT and Elina Svitolina, connecting professional tennis, digital innovation and social initiatives.

The post WhiteBIT and Elina Svitolina announce strategic partnership during Australian Open appeared first on Invezz

Global markets may look serene, but beneath the surface, political risk is surging.

Bank of England Governor Andrew Bailey is warning that geopolitical shocks, from trade escalation to threats against Fed independence, could trigger abrupt repricing with global consequences.

Meanwhile, Germany’s ThyssenKrupp Marine Systems is upping the stakes in Canada’s submarine race with a sweeping industrial investment bundle.

In the UK, Starmer is weighing a tougher stance on children’s social media use, as Macron arrives in Davos, urging Europe to defend a rules-based order under siege.

BOE Governor Bailey sounds alarm on geopolitical spillovers

Andrew Bailey is right to worry.

The Bank of England chief warned Parliament on Tuesday that simmering geopolitical tensions, Trump’s Greenland rhetoric, escalating trade disputes, and threats to Fed independence pose real financial stability risks, even if markets are staying oddly calm for now.

Bailey explicitly noted the BoE’s “considerable” concern about how suddenly markets could reprice if tensions flare.

His message is clear: complacency kills. The fact that central bankers felt compelled to publicly defend Fed Chair Powell is extraordinary.

Bailey stressed potential spillovers to the UK economy if Washington undermines the Fed’s autonomy, underscoring how dollar dominance means American political volatility has global teeth.

TKMS sweetens Canada submarine pitch

Germany’s ThyssenKrupp Marine Systems is throwing a much bigger prize at Canada than just 12 submarines.

CEO Oliver Burkhard revealed this week the company’s bundling of the $12 billion sub contract with a sweeping investment package spanning rare earths, AI, battery tech, and mining, potentially worth multiples of the naval hardware itself.

The offsetting strategy is clever: Canada gets three decades of guaranteed industrial commitments locked into the deal structure.

TKMS is even partnering with Canadian AI startup Cohere to demonstrate advanced tech integration, underlining German seriousness here.

Competing South Korean firm Hanwha Ocean is likely scrambling to match this.

Ottawa expects both final bids by March 2026, and with geopolitical tensions fueling European defense spending, Germany is using economic leverage to lock down one of the decade’s biggest procurement wins.

UK follows Australia’s lead on social media

Britain is finally moving on social media, just not decisively.

PM Keir Starmer launched a three-month consultation on banning under-16s from social media, mirroring Australia’s December implementation.

The announcement includes tightening age verification tech, capping addictive features like infinite scroll, and hiking the digital age of consent from 13.

Crucially, government inspectors (Ofsted) will now police school phone bans.

But critics smell political theater: Opposition leader Kemi Badenoch blasted it as “dither and delay,” while 60+ Labour backbenchers and bereaved families, including Brianna Ghey’s mother, are demanding immediate action, not consultations.

Tech companies predictably support studying the issue; child safety groups worry bans simply push kids to darker corners.

Ministers visiting Australia signals seriousness, but Britain’s consultation summer timeline could frustrate momentum.

Macron’s Davos warning: A rules-based order under siege

Emmanuel Macron arrived at Davos swinging.

The French president delivered a blistering indictment of the collapsing international order, warning of a shift toward “a world without rules” where imperial ambitions resurface and only raw power matters.

The shot across the bow was unmistakably aimed at Trump, who arrives Wednesday to speak, and his Greenland demands.

Macron framed it starkly: respect versus bullies, rule of law versus brutality, science versus conspiracies.

He pivoted to positioning Europe as the last keeper of predictability and sovereignty, pitching it as an investment destination precisely because chaos reigns elsewhere.

The irony stings: Davos itself exists to celebrate the rules-based global capitalism Macron now fears is crumbling.

His call for cooperation over coercion will be tested immediately by Trump’s tariff threats and territorial overreach.

The post Europe bulletin: BoE sounds alarm, UK’s big move on social media, Macron issues warning appeared first on Invezz

Markets are repricing power, not growth.

Netflix just went all-cash on Warner Bros. Discovery at $27.75 a share, removing stock-risk and forcing Paramount into a credibility fight it can’t win.

At the same time, geopolitics is overwhelming fundamentals: gold is ripping to fresh records as tariff threats around Greenland morph into a NATO stress test tied to a Supreme Court ruling on emergency powers.

Risk assets are paying the price, with bitcoin slipping below $90K and liquidation pressure building.

Netflix goes full cash on WBD

Netflix just raised the stakes dramatically.

The streaming giant scrapped its mixed cash-and-stock bid for Warner Bros. Discovery and is now paying $27.75 per share entirely in cash, same headline number, but far more decisive.

The move eliminates a structural vulnerability Netflix faced: Netflix shares have tanked 15% since December, making the stock portion worthless to WBD shareholders.

By going all-cash, Netflix removes Paramount’s edge and signals financial firepower.

WBD’s board unanimously approved the revised deal on Tuesday and filed a preliminary proxy for an April 2026 vote, which is expedited compared to the spring/summer timeline.

Paramount, still pushing its $30-per-share all-cash offer for the entire company (including CNN and TNT), now looks desperate.

Netflix’s higher market cap ($402B vs. Paramount’s $12.6B) and investment-grade credit rating win the credibility battle.

Gold breaks records as geopolitics trumps everything else

Gold is now the market’s true compass, and it’s pointing straight up.

Spot bullion hit $4,689 per ounce Tuesday, near record highs, as Trump’s Greenland tariff threats morphed trade tensions into a transatlantic crisis.

Silver also crested all-time highs around $94.73, with both metals acting as the only winners in a bloodbath across equities and bonds.

In India, MCX gold futures surged to Rs 1.5 lakh per 10 grams for the first time.

The narrative is primal: when geopolitics threatens the dollar and Fed independence appears compromised, capital abandons risk assets for the oldest safe haven on Earth.

Analysts eye $4,800–$5,000 if Davos talks collapse. The metal’s strength underscores investor sentiment bluntly: the transatlantic alliance is cracking, and gold is the insurance policy.

Trump’s Greenland tariffs hinge on SC’s IEEPA ruling

The Supreme Court is deciding Trump’s tariff destiny.

As markets brace, justices examine whether the International Emergency Economic Powers Act grants the president sweeping tariff authority.

The stakes: Trump’s threatened 10-25% levies on eight NATO allies (Denmark, Norway, Sweden, France, UK, Netherlands, Finland) hinge entirely on this ruling.

Treasury Secretary Bessent claims it’s “very unlikely” the Court blocks emergency powers; legal experts disagreed less confidently.

If SCOTUS kills IEEPA authority, Trump has a backup, Section 232 critical minerals provisions, which are harder to challenge.

Either way, the administration signals that tariffs deploy “the next day” regardless. Europe is preparing countermeasures.

The timing is explosive: Trump speaks at Davos tomorrow, Macron warned of a rules-based order crumbling, and NATO cohesion now depends on judicial interpretation.

Bitcoin capitulates below $90K

Bitcoin slipped below $90,000 on Tuesday, sliding 1.8% as geopolitical chaos hammered speculative assets across the board.

The drop marks a critical breakdown; traders fear $80,000 may come into view if $90K doesn’t hold as support.

Nearly $260 million in long liquidations occurred in 24 hours alone, compounding losses from nearly $900 million earlier in the week.

The culprit? Trump’s Greenland tariff threats redirected capital toward defensive assets like gold rather than volatile crypto.

Crypto stocks took even worse beatings: MicroStrategy plunged 6%+, and Marathon Digital down 5.7%.

A delayed US crypto regulatory bill added pressure. Analysts note the weakness feels like consolidation, not capitulation, but momentum has vanished.

Bitcoin needs a decisive break above $93,000 to reignite bulls; below $90,000, technical sellers emerge. Gold’s strength underscores the capital flight.

The post Evening digest: Bitcoin slips below 90K, gold hits records, Netflix goes all-cash on WBD appeared first on Invezz

Corvus Pharmaceuticals (NASDAQ: CRVS) shares more than doubled on Jan. 20 after announcing positive Phase 1 trial data for “soquelitinib” – its oral investigational drug for atopic dermatitis.

Soquelitinib demonstrated strong efficacy in treatment-resistant patients and a “favourable” safety profile, sparking chatter about “best-in-class” potential in the massive dermatology market.

Following today’s rally, Corvus stock is up a remarkable 140% versus its year-to-date low.

Significance of the Phase 1 data for Corvus stock

Trial results that CRVS posted for its soquelitinib this morning were much more than routine early-stage findings.

They showcased meaningful efficacy in patients who had failed other therapies – a “notoriously” difficult group to treat.

Soquelitinib’s oral delivery mechanism makes it much more convenient than injectable biologics, potentially widening its appeal.

Meanwhile, safety signals were also encouraging – with no major adverse events reported – giving investors confidence in the treatment’s viability for larger trials.

In a therapeutic area dominated by expensive biologics like Dupixent, the prospect of a novel oral option is compelling.

In short, CRVS stock soared today as investors started seeing it as a potential disruptor in a multi-billion-dollar, underserved dermatology market.

Why CRVS shares still remain super risky to own

Beyond the headline momentum, however, Corvus shares remain rather unattractive as the biotech firm has limited financial resources.

It lacks an approved product and relies heavily on external funding to advance its pipeline.

Moreover, the company’s valuation has already inflated far beyond what early-stage data justifies, with its market cap now reflecting expectations of blockbuster success years before pivotal trials have even begun.

Investors are cautioned against chasing the rally in CRVS also because cash burn remains a major overhang, and dilution risk looms large as the biotech will likely need to raise capital to fund Phase 2 and Phase 3 studies.

Finally, competition in atopic dermatitis is fierce as well, with entrenched players like Sanofi and AbbVie. All in all, Corvus Pharmaceuticals’ fundamentals continue to paint a risky picture in 2026.

Corvus Pharmaceuticals may reverse gains in the weeks ahead

Massive single-day rallies like the one CRVS shares witness today often attract momentum traders, but they can leave latecomers exposed.

Corvus Pharmaceuticals’ small market cap makes it particularly vulnerable to speculative swings and potential manipulation, with retail enthusiasm amplifying volatility.

History shows that biotech stocks with encouraging early-stage data often retrace sharply once the initial euphoria fades.

While today’s explosive move reflects genuine excitement, it also underscores the risk of chasing hype-driven rallies. Without sustained fundamental progress, CRVS could quickly give back gains, leaving speculative buyers nursing losses.

What’s also worth mentioning is that Corvus is now trading handily above Wall Street’s mean price target of about $15, indicating analysts see little to no further upside from current levels.

The post What made Corvus stock double on Tuesday and is it sustainable? appeared first on Invezz