🔴 Absci is trading 5.2% down today as it extends a pullback from its recent parabolic rally

Absci is trading at $7.65 (down 5.2%) as it extends a pullback following a parabolic rally and a sharp drop in last Thursday’s extended session.

• The recent downward pressure is attributed to profit-taking and the market's digestion of equity-offering dilution.
• The decline aligns with broader biotech sector weakness rather than any fresh company-specific shocks today.