Labu stock price recently rebounded from a key support

LABU stock price recently rebounded from a key support level of $34.85, reflecting bullish sentiment in the biotech space amid improved FDA approval activity. Traders eye a potential breakout above $38.50 if momentum in the biotech index continues this week. And it is continuing to soar. According to data from Charm.io, the fluffy monster toy has helped Pop Mart’s sales on TikTok Shop U.S. grow from $429,259 in May 2024 to $4.8 million in May 2025. I've bought two of my Labubus from StockX and they're both been legit (and verified on Pop Mart). They tend to go for around £40 so you do pay a mark up (and delivery on top) but you can select your preferred colour if you want. If you choose that option, they will come opened but still in their box. You can also get a blind box if you like the surprise element. After touching $38.18, LABU stock price retraced slightly to $37.60, with traders citing sector rotation as a factor. Biotech indicators remain constructive, hinting at medium-term gains.