The Eline Entertainment Group (OTCMKTS:EEGI) stock was in the middle of a major move yesterday and ended the day with gains of as much as 25% as investors flocked to it in a big way. While the gains are considerable, it is also necessary for investors to remember that there was no news about the company yesterday that might have led to such a strong rally in the Eline Entertainment…
Salarius Pharmaceuticals Inc. (NASDAQ:SLRX) Stock Gains Momentum: Is it Sustainable?
Salarius Pharmaceuticals Inc. (NASDAQ:SLRX) jumped 4% no news. The company offered its corporate updates and financial results for Q2 2021. At the end of the quarter, the company had cash and equivalents of $33.1 million, which is adequate to support completing its clinical studies for its flagship treatment candidate Seclidemstat. CEO David Arthur said that the second quarter was a considerable development period for the company, shown by the significant…
Progenity Inc. (NASDAQ:PROG) Stock Is All Set To Gap Down After The New Offerings
Progenity Inc. (NASDAQ:PROG) is down 30% in pre-market after announcing the pricing of the previously announced $40 million public offerings of 40 million common stock shares and warrants to buy an additional 40 million common shares. The company is selling each share together with an option to buy a common warrant for a combined price of $1 per common share and warrant minus commissions and underwriting discounts. The warrants are…
ATIF Holdings Limited (NASDAQ:ATIF) Stock Takes a Hit After Reverse Split News
ATIF Holdings Limited (NASDAQ:ATIF) fell 35% after announcing a 5 for one reverse stock split. Last week, the company announced that its Board had approved a reversed stock split of its approved, outstanding, and issued common stock par value $0.001 for each share in a 5 for one ratio. This implies that the company will convert every five shares currently held into one share. Most importantly, shareholders eligible to get…
Sesen Bio (NASDAQ:SESN) Stock Slumps 80% in a Week: What’s The Buzz?
Sesen Bio (NASDAQ:SESN) down 79% in a week after the US FDA told the company that it would not be approving its BLA for Vicineum, the company’s bladder cancer treatment. The sell-off experienced following the news made sense since Vicineum is part of every pipeline program of the company, combination therapy or alone. Usually, investors overreact to negative or positive development. However, the stock seems to be bouncing back, which…
Action By U.S. Agency To Reinstate Oil & Gas Drilling Leases On American Property Cheered By Domestic Energy Producers
Domestic oil producers are cheering the actions of a U.S. regulator seeking to lift federal lease restrictions on oil and gas production and reinstate production leasing programs following a new court order. The Biden administration is appealing the legal ruling — but the Bureau of Ocean Energy Management (BOEM) is moving forward to resume an offshore leasing program that was halted by Biden in January as part of a climate…
2 Oil & Gas Stocks To Watch: Royale Energy Inc (OTCMKTS:ROYL), Allied Energy Corp.(OTCMKTS:AGYP)
The exploration and production industry almost always garners considerable attention from investors and if you are currently looking for options then it might be a good idea to take a look into Royale Energy Inc (OTCMKTS:ROYL). It is an independent explorer and producer and is based out of San Diego in California. There has not been any recent news about the company and hence, investors might not have a lot…
Kaixin Auto Holdings (NASDAQ:KXIN) Stock Doubled in a Week: What’s The Buzz?
Electric vehicle stocks are back in the news in a big way among investors as manufacturing efforts are being boosted worldwide. China is looking to boost manufacturing significantly and that has brought many related companies into sharp focus. One of those is Kaixin Auto Holdings (NASDAQ:KXIN) and in recent time, the company’s stock has made a big move. On Wednesday, the Kaixin stock rallied by 14.50% as investors moved in…
Protagenic Therapeutics Inc (NASDAQ:PTIX) Stock Is All Set To Gap Up After Earnings
The biopharmaceutical firm Protagenic Therapeutics Inc (NASDAQ:PTIX) has been in focus among investors during the premarket trading period and is already up by as much as 8% at the time of writing. There has been no fresh news about the company but earlier on this week Protagenic announced its financial results for the second fiscal quarter that ended on June 30, 2011. In light of the gains made by the…
Glory Star New Media Group Holdings (GSMG) Stock Trades Near 52-Week Low
Those who are looking for stocks which might have made a big move on Wednesday could consider taking a look at the Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) stock. There was no news about the well known online digital media and entertainment firm yesterday, but investors piled on to the stock in a big way and sent it flying by as much as 15%. However, the rally in…