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June 10, 2021, 3:32 p.m. EDT

Orphazyme stock's rocket ride leads to 20 volatility halts, Galecto stock halted 7 times

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By Tomi Kilgore

Shares of Orphazyme A/S /zigman2/quotes/221335072/composite ORPH +3.03% blasted 383.8% higher, enough to make the Denmark-based biopharmaceutical company's stock by far the biggest gainer listed on major U.S. exchanges, prior to a trading halt. The stock, which was up as much as 1,387% at its intraday high of $77.77, was halted for volatility for the 20th time Thursday at 3:24 p.m. Eastern with the last trade at $25.30, and remains halted. The stock's rally gave the company a market capitalization of $884.3 million. The company confirmed that there was no news released Thursday. The last announcement was May 7, when the company said a pivotal trial of its treatment for Lou Gehrig's disease failed to meet primary and secondary endpoints, sending the stock plunging 32.8% that day. After Orphazyme, the next biggest gainer Thursday was Boston-based biotech Galecto Inc.'s stock /zigman2/quotes/222187569/composite GLTO +4.41% , which ran up 170.0% prior to its seventh halt for volatility at 3:15 p.m. The stock's rallies comes as Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +2.47% gained 0.8% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.57% rose 0.5%.

/zigman2/quotes/221335072/composite
US : U.S.: Nasdaq
$ 2.04
+0.06 +3.03%
Volume: 143,733
Jan. 26, 2022 1:42p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$69.67 million
Rev. per Employee
$15,115
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/zigman2/quotes/222187569/composite
US : U.S.: Nasdaq
$ 2.30
+0.10 +4.41%
Volume: 28,065
Jan. 26, 2022 1:42p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$55.58 million
Rev. per Employee
N/A
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,874.17
+334.88 +2.47%
Volume: 2.65M
Jan. 26, 2022 1:58p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,424.77
+68.32 +1.57%
Volume: 1.51B
Jan. 26, 2022 1:58p
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