🔴 Absci Corp is trading 5.4% down today as it pulls back from a rally sparked by a Guggenheim price-target hike

Absci Corp is trading 5.4% down at $6.88 as it pulls back from a recent surge sparked by a Guggenheim price-target hike.

• The stock is giving back gains from the June 15 session, where it rose 6.91% to close at $7.27 following Guggenheim's price-target raise to $15.
• With broader U.S. markets only modestly lower, the move appears to be driven by profit-taking rather than new company-specific developments or a market-wide selloff.