Evelo Biosciences Sees Unusually High Options Volume (NASDAQ:EVLO)

Evelo Biosciences, Inc. (NASDAQ:EVLOGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors bought 1,885 put options on the stock. This is an increase of 1,101% compared to the average daily volume of 157 put options.

Evelo Biosciences Price Performance

EVLO stock opened at $0.00 on Thursday. The company has a market capitalization of $1,884.00, a price-to-earnings ratio of 0.00 and a beta of 0.46. Evelo Biosciences has a twelve month low of $0.00 and a twelve month high of $0.00.

About Evelo Biosciences

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Evelo Biosciences is a clinical-stage biotechnology company developing orally delivered immunomodulatory therapies that leverage the gut-body network. The company’s proprietary platform is designed to mimic signals normally generated by gut commensal bacteria to regulate immune function throughout the body. Evelo’s approach focuses on non-live, inactivated microbial derivatives, aiming to offer a new class of biologics that can be administered by mouth and engage mucosal immune pathways to treat a range of diseases.

The company’s pipeline spans inflammatory, autoimmune and oncology indications.

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