Sell Neoleukin Therapeutics (NLTX)

April 21, 2023

Price: $0.85

Recommendation Price: $0.65

Return: +31%

Summary

This will be short and sweet.

NLTX has appreciated ~31% since I recommended it less than a month ago, despite no new information.

Currently, the stock is trading at $0.85 which is inline with my base case expectations of $0.84 in distributable proceeds.

Yes, my underwriting assumptions are probably conservative, and we could see an additional 60%+ upside if certain assumptions play out.

But I’m comfortable taking a quick profit and revisiting the stock if it falls back below $0.70.

Disclosure/Disclaimer:

Rich Howe, owner of Stock Spin-off Investing (“SSOI”), owns NLTX shares but will likely sell them. All expressions of opinion are subject to change without notice. This article is provided for informational purposes. We do not warrant the completeness or accuracy of this content. Please do your own due diligence and consult with an investment adviser before buying or selling any stock mentioned on www.stockspinoffinvesting.com.