SpringWorks Therapeutics Surges to 416th in Daily Rankings with 2.09 Billion Shares Traded

On April 2, 2025, SpringWorks Therapeutics (SWTX) saw a significant surge in trading volume, with a total of 2.09 billion shares exchanged, marking a 91.33% increase from the previous day. This substantial trading activity placed SWTX at the 416th position in the daily stock market rankings. The stock price of SWTX rose by 11.08%.

SpringWorks Therapeutics Inc. has recently received promising FDA designations, which have positively impacted investor confidence. This development has contributed to the upward trend in the company's stock price, reflecting a 9.69% increase in trading activity.

SpringWorks Therapeutics Inc. has a short interest of 7.53 million shares, which represents 10.96% of the float. This indicates a notable level of bearish sentiment among investors, as a significant portion of the available shares are being held short.

Despite the recent positive developments, SpringWorks Therapeutics Inc. has entered oversold territory, with its Relative Strength Index (RSI) falling below 30. This suggests that the stock may be undervalued and could potentially experience a rebound in the near future.