KRTX is making big moves today. Find out why the stock is trading 79% higher:

Shares of Karuna Therapeutics Inc (KRTX) are trading 79% higher at a price of $250.61 at the time of this writing. The stock is vastly outpacing peers in what has been an upbeat morning for the biotech sector. The stock is rising on news that SVB Leerink had close to doubled it's price target on the promising biotech. The stock is moving upwards despite a rather glum earnings miss yesterday.

Karuna Therapeutics Inc has been trading between a 52-week high of $256.98 and a 52-week low of $92.26. The stock has a market cap of $7.49 Billion.

Karuna Therapeutics is a clinical-stage biopharmaceutical company driven to create and deliver transformative medicines for people living with psychiatric and neurological conditions.Karuna understand there is a need for differentiated and more effective treatments that can help patients navigate the challenges presented by these severe and disabling disorders. Utilizing itsextensive knowledge of neuroscience, the Company is harnessing the untapped potential of the brain in pursuit of novel pathways to develop medicines that make meaningful differences in peoples' lives.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

tradeking3 - 2 upvotes - source
Guys quick views on KRTX?