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Why Is Wave Life Sciences Stock Falling After Weight Loss Study Data?
Wave Life Sciences (NASDAQ:WVE) shares dropped sharply after the announcement of interim Phase 1 data from its INLIGHT trial for WVE-007, despite positive six-month data showing significant reductions in visceral fat and stability in lean mass. The stock is experiencing significant bearish pressure, trading well below its moving averages, even though analysts have recently raised price targets with “Buy” ratings.