🔴 Absci is trading 5.5% down today as higher oil and Treasury yields pressure equities

Absci is trading 5.5% lower at $10.12, as broader market pressure from higher crude oil and Treasury yields weighs on equities.

• The Nasdaq is down 1.11%.
• Absci rose 9.06% to $10.71 on September 22; some profit-taking after that sharp gain may be contributing to the September 23 decline.
• No fresh company-specific announcement or downgrade clearly explains the drop.