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Day: November 13, 2020
Equity News

Akers Biosciences (AKER) Stock Spiked 30% on Merger Deal with MyMD Pharmaceuticals

Following the merger deal, Akers has also signed a Securities Purchase Agreementwith certain accredited investors to raise $18 million.  Shares of Akers Biosciences, Inc. (AKER) soared on Thursday following the announcement of a merger deal with MyMD Pharmaceuticals. AKER spiked 30% at day’s close to $2.22, as the biotech is set to merge with MyMD. As per the definitive merger agreement, the combined company will be renamed MyMDPharmaceuticals, Inc., upon closing of the transaction.MyMD will remain listed on the Nasdaq under the new ticker “MYMD”. The combined company will work on the development and commercialization of MyMD’s novel immunotherapy pipeline
Stock Investing

Electronic Arts (EA) Stock Weakened After Quarterly Results

Electronic Arts Inc (EA) closed the Thursday trading down -0.38% at $119.32 shares. The stocks have shown an increase of 10.99 percent since start of the year, but are down 15.03 percent over the last quarter. After the company released its quarterly report and forecasts, shares fell sharply last week. The drop in Electronic Arts shares on November 9 was triggered by news of imminent access to Pfizer and BioNTech vaccines, giving hope to overcome the pandemic and its associated restrictions in offline entertainment (cinemas, entertainment centers). A reassessment of the first impression of the quarter’s performance and appreciation of

VIPS stock
Market Activity

U.S. Indices Declined On Thursday As Coronavirus Fears Rises Again

Wall Street trading was mainly in negative territory on Thursday, November 12, and ended with a fall in the key indexes. The worsening of the situation with the spread of COVID-19 against the backdrop of vague statistics was shot down by positive sentiment after the presidential election. The number of initial applications for unemployment insurance for the week decreased by 48,000 to 709,000, according to data from the U.S. Labor Department, and this is the fourth weekly decline in a row. Yet the number is more than three times higher than the pre-crisis level and benefits continue to be enjoyed

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