Shares of Synergy Pharmaceuticals (SGYP) rose 10% to $4.00 in Friday trading. On Thursday, Cantor Fitzgerald started coverage of the New York firm's shares with an overweight rating and an $11 price target.
Shares of Bluebird Bio (BLUE) gained 6.3% to $84.15 on the heels of an upgrade to buy from hold by analysts at Maxim Group. In a note on Friday, the analysts said they believe that the event that could "break BLUE shares out of the current valuation range is bb2121 CAR-T data in multiple myeloma" that will be presented at the American Society of Clinical Oncology's annual meeting. The conference takes place June 2 - 6 in Chicago.
Among the other biotech movers was DBV Technologies (DBVT) . The Bagneux, France-based firm's American depository shares were up 2.2% to $34.90.
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Editor's Pick: Originally published June 2.