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Why is Relay Therapeutics Inc (RLAY) Stock down?

We've noticed a 5.12% decline in Relay Therapeutics Inc (RLAY) stock during the 2024-05-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
18 Apr, 2023:

RLAY stock may have declined due to the release of positive initial clinical data for RLY-2608, an investigational inhibitor of PI3Kα, presented at the AACR Annual Meeting 2023. The drug demonstrated selective target engagement and a favorable safety profile.

https://finance.yahoo.com/news/relay-therapeutics-announces-initial-clinical-144000159.html

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