Why Did Galecto, Inc. (GLTO) Plunge 8.57% Amid Volatile Trading?

On March 26, 2025, Galecto, Inc. (GLTO) experienced a significant drop of 8.57% in pre-market trading, reflecting a notable shift in investor sentiment.

Galecto, Inc. has seen a volatile trading period, with its stock price experiencing significant fluctuations. On March 21, 2025, the stock price surged by 47.34%, rising from $4.14 to $6.10. However, this was followed by a sharp decline of 25.67% on March 24, 2025, with an unusual trading volume of 481,310 shares, which was 72.66% above the average 50-day volume.

On March 25, 2025, Galecto's stock price continued to decline, closing at $4.13 with a 38.36% decrease during the session. This downward trend was further exacerbated by a 10.21% decline to $4.40 in the after-market session, with the company's market cap standing at $5.7 million. The company's Q4 earnings, released four days prior, did not seem to alleviate investor concerns.

Despite the recent volatility, there has been a significant surge in interest for Galecto, with search volumes spiking by 6,483%. This heightened interest suggests that investors are closely monitoring the company's developments, which could potentially influence future stock price movements.