Wave Life Sciences stock drops 6% as WVE traders size up next obesity data
Wave Life Sciences (WVE) fell 6.2% to $15.95 on Friday, with 2.9 million shares traded. The drop followed recent interim Phase 1 data for obesity drug WVE-007 and a $350 million public offering. Investors await more follow-up data in 2026 as Wave competes in a crowded obesity-drug market.