On September 30, 2024, JPMorgan Chase & Co. executed a transaction involving the biotechnology firm REGENXBIO Inc. This action reflects a notable shift in the institution's investment strategy.
The transaction was carried out at a price of $10.49 per share. JPMorgan Chase & Co. is a global financial institution established in 1799.
A reduction in stake by a large institutional investor can be a material event for a company, potentially indicating a reassessment of its future prospects or a reallocation of capital.
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