Strength Seen in Foghorn Therapeutics: Can Its 9.5% Jump Turn into More Strength?

Foghorn Therapeutics Inc. (NASDAQ: FHTX) shares rallied 9.5% in the last trading session to close at $9.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 43.2% gain over the past four weeks.

Last month, the company announced robust financial results for the second quarter of 2024. Studies on the company's pipeline candidates for treating various oncology indications are progressing well. This might have been driving the share price rally.

This company is expected to post quarterly ...