Cassava Sciences (Nasdaq:Sava) stocks are a hot topic among traders on Tuesday with some key news that investors need to know this morning.

First, traders will note that SAVA is a trending stock today. It claimed one of Yahoo Finance’s top 10 spots. Trending Tickers Tab earlier this morning.

Although interest has waned a bit since then, investors are still wondering what’s behind the added focus on the stock. One thing worth noting is that SAVA hit a new one-year high yesterday.

He saw the share price of SAVA stock soar. $40.71 during normal trading hours Yesterday, however, the stock was unable to sustain that surge and closed Monday at $35.08 per share.

Sava Stock News

On top of that, Cassava Sciences announced that it Dropping a defamation suit Against four short sellers. These short sellers claimed that his Alzheimer’s drug was based on falsified results.

Cassava Sciences is dropping the lawsuit after the medical professor whose research was the backbone of its drug was charged with fraud. It’s also worth noting that the case was already dismissed by a judge in March before Cassava Sciences filed again in April.

SAVA stock is down 3.6% as of Tuesday morning.

Investors will want to keep reading for the latest stock market stories!

We’ve got the hottest stock market news traders need to know on Tuesday! What’s going on with the shares? Palantir (NYSE:PLTR) Aqua Metals (Nasdaq:AQMS) And Sun Power (Nasdaq:SPWR) stock today. You can check out the news at the links below!

More Tuesday Stock Market News

As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com. Publication Guidelines.

At the date of publication, the Editor-in-Chief had no position (direct or indirect) in the securities mentioned in this article.