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Month: November 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
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

SLGG
Stock Investing

Fuel Tech, Inc. (FTEK) Surged on High Volume After It Reports 26.4% Increase in Revenues for Q3 2020

Fuel Tech shares traded higher on Wednesday after the company reported better-than-expected Q3 EPS and sales results. Fuel Tech, Inc. (FTEK) stock was soaring on Wednesday with high volume followed by positive third quarter earnings for the period ended Sep. 30, 2020. FTEK soared higher in the premarket kicking off the session at $1.07 compared to the previous close of $0.76. The stock traded at the day’s high of $1.97 before closing at $1.25, up by 64.26%. The stock traded with the 3rd highest volume of 159 million. The stock market is recovering from the pandemic hit and stocks are

HCCC Stock
Trading Signals

Alibaba Group Holding Limited (BABA)’s Single Day Sales Crosses $75 Billion Amid Stricter Antitrust Rules News

Alibaba Group Holding Limited (BABA) shares fell 0.33% on day of its biggest Singles Day sale of the year. But the significant news about record sales was overshadowed by the reform in China on the eve of antitrust legislation, which could have a negative effect on e-Commerce leaders. Chinese giant Alibaba (BABA) shares dropped sharply on Tuesday following the announcement in China of new antitrust regulations that could reduce the company’s market share in favor of smaller rivals. Alibaba is hosting its famous single day sale this year from 1 to 12 November, which exceeds the combined Black Friday and
Market Activity

U.S. Indices Going Through Corrections As Covid Cases Increased

On Wednesday, the Dow Jones index fell marginally at the close by -0.08 percent at 29,397 points, after rising more than 10 percent in a week, and near to its last all-time high of 29,551 points, set before the health crisis on February 12. The S&P 500’s wide index gained 0.77% to 3,572 points, near to its September 2 high of 3,580 points. After a correction of around 3 percent in two days, the Nasdaq Composite, rich in technology and biotech stocks, rebounded 2 percent to 11,786 points. After gaining more than 2 percent in the session, oil picked up
Stock Investing

Petrobras (PBR) Stock on a Roll After It Decides to Sell Off Its Fully-Owned Ceara Cluster

The Brazilian based energy firm has decided to sell 100% of its stake in the Ceara Cluster in order to reduce cost and enhance capital allocation. Shares of Petrobras (PBR) are continuously rising after the company increased its production guidance for 2020, reported in Q3 release earlier this month. Since the beginning of this week, PBR shares have lifted up with stronger momentum. Shares of PBR are driven by high volume (51 million on Tuesday), but what’s causing the investors to come in big numbers? Recently, the company announced that it will be selling all its stakes in the four
Trading Signals

Canopy Growth (CGC) and Aurora Cannabis (ACB) Reported Beating Quarterly Results

Shares of cannabis firms have get traction in recent days since cannabis legalization was voted on by citizens in five states of the United States. For the reason, Canadian companies Canopy Growth Corporation (CGC) and Aurora Cannabis Inc (ACB) gained on over the past three trading days but have lost in yesterday’s session. The surge in their stock prices began on Friday, when the preliminary results of the US presidential “race” were announced, as well as the votes on the topic of cannabis legalization was counted. Also Canopy Growth and Aurora Cannabis this week posted earnings above the expectations of

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