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Lineage Cell Therapeutics (LCTX) experienced a 1.65% decline today, reaching its highest share price since November 2024 with an intraday gain of 2.17%.
The strategy of buying shares after they reach a recent high and holding for one week resulted in poor performance over the past five years. The strategy yielded an excess return of -99.74% and a CAGR of -20.43%, significantly underperforming the benchmark return of 56.94%. Additionally, the strategy had a high maximum drawdown of -81.67% and a Sharpe ratio of -0.32, indicating significant risk and negative returns.Lineage Cell Therapeutics (LCTX) is currently in the spotlight due to its drug RG6501, also known as OpRegen, which is in the Phase 1/2 clinical trial stage. The upcoming catalyst event scheduled for June 20-21, 2025, is expected to significantly impact the stock price. This event is crucial as it will provide key insights into the drug's progress and potential market impact, making it a pivotal moment for investors to watch.

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