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Day: November 16, 2020

Trading Signals

Urovant Sciences (UROV)’ Largest Shareholder set to Acquire UROV for $584 Million

Sumitovant Biopharma, the largest shareholder of Urovant already owns 72% of the company and is now set to acquire it entirely. Shares of Urovant Sciences Ltd. (UROV) spiked on Friday after the company announced the acquisition deal with Sumitovant Biopharma. UROV soared up to 93.48% trading at $16.02. The stock jumped from a previous close of $8.28 to $15.98 at the opening of the last trading session. The stock was on a heavy volume with the shares trading around 10 million. On November 12, Urovant Sciences entered into a definitive merger agreement with Sumitovant Biopharma to acquire the outstanding common stock shares

Stock Investing

Zix (ZIXI) Stock Fell During Past Week Despite Beating Results

Data security specialist Zix Corporation (ZIXI) posted better than Wall Street anticipated results in the third quarter on Wednesday. Zix specializes in the security of email services, which is still one of the primary vulnerabilities in the infrastructure of businesses. Until now, a significant number of breaches into the system have been carried out via email, for example through malicious code, phishing attacks, etc. The core product of Zix is the ZixArchive cloud solution, which offers extensive and automated email archiving and 48 other sources of data. Via a single web interface, ZixArchive is rapidly deployed and easily controlled. Zix’s