Salarius Pharmaceuticals (SLRX) Rockets 65% Today—What’s Fueling the Surge?

Biotech investors are chasing the dragon again—Salarius Pharmaceuticals (SLRX) just ripped a 65% gain in a single session. No clinical trial wins, no FDA nods—just pure, unfiltered speculative frenzy.

The Pump Before the Dump?

Retail traders are piling into SLRX like it’s a meme stock revival. The absence of news only adds to the mystery—classic penny stock volatility at work.

Short Squeeze or Smart Money Play?

With a micro-cap float, SLRX is prime hunting ground for short squeezes. Today’s volume spike suggests someone’s either front-running real catalysts… or engineering a trap.

Biotech’s Casino Floor

Let’s be real—65% moves in pharma stocks usually mean binary events: FDA approval or bankruptcy. SLRX is writing its own rules (for now). Just remember: what rockets on zero news often crashes harder.

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While it’s common for a public stock offering to reduce the value of a company’s shares, due to the side effect of a discounted price in the offering and the dilution of shareholder stakes, the stock often recovers when the offering is complete. Investors will note that the Salarius Pharmaceuticals stock offering was set to close today, which explains why the stock has rallied.

Salarius Pharmaceuticals also provided investors with details about what it WOULD do with the net proceeds from the stock offering. It intends to spend the money on clinical development of Salarius’ and Decoy’s research and development programs, pay off certain of Decoy’s outstanding promissory notes, and other general corporate purposes.

Salarius Pharmaceuticals Stock Movement Today

Salarius Pharmaceuticals stock was up 66.33% on Wednesday, following a 51% fall yesterday. The stock has decreased 96.45% year-to-date and 95.37% over the past 12 months.

With today’s news came heavy trading of SLRX stock, as more than 27 million shares changed hands, compared to a three-month daily average of about 356,000 units. The stock also saw heavy trading yesterday, when roughly 5.87 million shares were exchanged.

Is Salarius Pharmaceuticals Stock a Buy, Sell, or Hold?

Turning to Wall Street, analyst coverage of Salarius Pharmaceuticals is lacking. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates SLRX stock an Underperform (30) with no price target. It cites “significant financial instability, characterized by declining revenues and persistent losses” as reasons for this stance.