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Arcus Biosciences stock hits 52-week high at $21.03 By Investing.com
Arcus Biosciences (RCUS) stock has reached a new 52-week high at $21.03, reflecting strong investor confidence and market momentum with a 67.57% increase over the past year and 132.12% over six months. Despite holding more cash than debt, the company is rapidly burning through cash, with a negative EBITDA of $365 million. Recent developments include an amended loan agreement and varying analyst ratings, with Goldman Sachs upgrading to Buy and Morgan Stanley downgrading to Equalweight.