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The TYK2 Trojan Horse: Exposing the Engineered Squeeze in Alumis Inc. (ALMS)

2026-04-04BearishStrongChange from report: -66.3%1M: +15.1%3M: +24.3%

Alumis's stock surge is a cynical liquidity event. Insiders bought low, hyped Phase 3 data, then sold shares high in a $345M offering. Despite cash, the drug faces a crowded market and massive cash burn.