NGM Biopharmaceuticals rises on potential go-private deal

NGM Biopharmaceuticals

02/01/2024 12:36

** Shares of NGM Biopharmaceuticals  NGM.O  rise 21.1% to
$1.04 premarket
    ** Late on Friday, NGM said its board is exploring a
potential buyout of all shares not owned by the company
    ** NGM will go private if a deal goes through
    ** 4 of 6 brokerages rate the stock "buy" or higher, 2
"hold"; their median PT is $4
    ** NGM stock stayed flat in 2023

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))