Shares of CTIX (Cellceutix Corporation) rose significantly today after positive data came out in regards to one of its products. The share price is now over $3, which is a significant feat for a small biotech company. With these positive results, further developments could propel shares much higher. I see greater than a 50% chance that short-term, the share price could go to $5. I have a one year $7 price target on shares and rate it a buy. Disclosure, I have no position in CTIX.
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