After the company made a key announcement yesterday, the Ziopharm Oncology Inc (NASDAQ:ZIOP) stock was on the move as investors moved into it and ended the day with gains of as much as 9%.
Trading Data
On Monday, ZIOP stock jumped 8.67% at $1.6300 with more than 1.51 million shares, compared to its average volume of 3.36 million shares. The stock has moved within a range of $1.5000 – 1.6300 after opening the trade at $1.5000.
Recent Press
The company announced yesterday that it was going to release its financial results for the third fiscal quarter that had ended on September 30, 2021 on November 15, 2021. The results are going to be declared after the closure of the capital markets in the United States. It seems that the announcement of the date led to a certain degree of optimism among investors and the stock rallied.
However, it is going to be interesting to see if the Ziopharm stock can actually managed to hold on to its momentum over the course of the coming days. In this regard, it should also be noted that after the announcement of the results, the company will also be hosting a conference call on the same day.
In addition to that, a webcast is also going to be made available at 4:30 p.m. Eastern Time. At the webcast the company is going to provide corporate updates and also provide a review of the financial performance.
Technical Data
ZIOP stock is trading below the 20-Day and 50-Day Moving averages of $1.65 and $1.76 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.93. The stock is down 35% so far this year.
