Why Shares of Scilex Are Up Monday
Shares of Scilex Holdings (NASDAQ: SCLX) were up around 14% as of 2:30 p.m. ET on Monday. Scilex makes non-opioid pain management products to treat acute and chronic pain. The company's shares gained after it received a buy rating on Monday from H.C. Wainwright analyst Ram Selvaraju with a $12 price target.