With biotech sentiment improving, the KPTI stock forecast indicates potential upside of 12% in the next 4 weeks if macro conditions remain supportive and the USD stays stable against global currencies. The second quarter of 2024 saw a gain of more than 3% in the US stock market. Under the hood, tech companies continued to lead the artificial intelligence trade, which showed no signs of slowing down throughout the quarter. One striking trend in the stock market this year has been the outperformance of the biggest companies. The large-cap market of the 500 biggest companies gained 4.4% in Q2, bringing its 2024 return to more than 15%. By comparison, the small-cap market had a decline of 3.3%, resulting in a reduced 2024 return of 1.6%. Written by Quiver ForecastTracker for Quiver Quantitative -> Technical analysis in the current KPTI stock forecast shows the 50-day moving average attempting to cross above the 200-day MA, a possible golden cross scenario if buying pressure continues.
