STOCKS TELEGRAPH

Author: ST Staff

  • 3 Biotech Stocks Going Parabolic Today and With Potential for More Gains

    3 Biotech Stocks Going Parabolic Today and With Potential for More Gains

    The markets are up to slow day as investors continue to digest yesterday’s presidential debate.  The marker is still unsure of who is likely to win the election and this is likely to keep markets volatile in coming weeks.  The uncertainty comes not just from the polarized nature of the upcoming election, but also the fact that the policies of the two contenders are very different and could have a direct effect on the markets.

    There is also the fact that the markets still need a stimulus package and so far none has been agreed upon. Democrats have already advanced a $2.2 trillion stimulus package, but there are no guarantees that it will be agreed upon. The COVID-19 pandemic also continues to be a major risk to the economy. Recently, COVID-19 death numbers hit one million and until a vaccine is found, the economy will remain vulnerable.

    So vulnerable is the economy that oil prices have dropped as a reflection of declining demand in the economy. Despite the overall market weakness, biotech stocks have been performing quite well. This is largely due to the excitement that comes with positive biotech news. Some of the biotech stocks that have been gaining since pre-market and could keep gaining all through the day are as below:

    CTI Biopharma Corp [NASDAQ: CTIC]

    CTI Biopharma Corp gained by over 100% pre-market and doesn’t seem to be easing up. This follows the company’s announcement that would it had submitted an NDA requesting for accelerated approval for its treatment for people suffering from severe thrombocytopenia called pactrinib.  According to CEO Adam R. Craig, the company has been working closely with the FDA since it completed phase 2 dosing of this trial treatment in a bid to fast track the approval of this treatment of severe thrombocytopenia an unmet need that has very few treatment options. He added that the company’s treatment had so far shown the potential to become a new treatment.

    Iterum Therapeutics PLC [NASDAQ: ITRM]

    Iterum Therapeutics PLC is another stock that is gaining momentum and was up by over 100% pre-market.  Its upside momentum comes after the company announced that it had a positive pre-NDA meeting with the FDA for its treatment for uncomplicated urinary tract infections called Sulopenem. The company is targeting 6 million people with UUTI in the U.S.

    BioHiTech Global Inc [NASDAQ: BHTG]

    This stock is another top performer this morning and is gaining upside momentum. This comes after the company provided its first disinfectant system targeting the cruise industry. It’s exciting because it opens a new revenue stream for the company.

  • Top 12 Best Airlines Stocks That Can Be A Good Bets

    Top 12 Best Airlines Stocks That Can Be A Good Bets

    The impact of COID-19 on various industries is severe but the airline industry has experienced a major hit because of this pandemic. The airline industry is now using the discounting ticket price strategy to boost demands. This industry is much challenged and in previous years airlines have been able to utilize those challenges and to convert them into profitable opportunities.

    The airline industry is exploring new ways to increase its market shares. The industry is currently adapting the new emerging technologies, continuously evaluating their marketing and operational strategies, and adapting the new market trends to compete in the market and to gain a competitive edge in the fast-growing market where innovation and uniqueness is the only option for survival. If we look at the broader way not only airlines are competing against each other, but the different airports are also competing.

    Here are the 12 top leading airlines companies which are adopting new trends so that they can better encounter obstacles and beat their competitors:

    American Airlines Group Inc. (NASDAQ: AAL)

    American Airlines Group Inc. (NASDAQ: AAL) shares were trading down -4.00% at $12.25 at the time of writing on Tuesday. American Airlines Group Inc. (NASDAQ: AAL) share price went from a low point around $8.25 to briefly over $31.67 in the past 52 weeks, though shares have since pulled back to $12.25. AAL market cap has remained high, hitting $5.97B at the time of writing, giving it a price-to-sales ratio of more than 0.

    American Airlines Group Inc. revealed on Friday that it has received a $5.5 billion government loan and could acquire $2 billion more in October depending on how the U.S. Treasury allocates extra funds under a $25 billion loan package for airlines. If we look at the recent analyst rating AAL, Berenberg downgraded coverage on AAL shares with a Sell rating and an $11.31 price target, which implies room for -0.94% downside momentum this year.

    United Airlines Holdings Inc. (NASDAQ: UAL)

    United Airlines Holdings Inc. (NASDAQ: UAL) last closed at $34.51, in a 52-week range of $17.80 to $95.16. Analysts have a consensus price target of $40.75. United Airlines Holdings Inc. (UAL) revealed earlier that its pilots voted on Monday to accept a deal that would stop 2,850 furloughs set for Thursday, while thousands of other U.S. airline employees are hoping Congress will expand federal aid to save their jobs. UAL is the first airline that introduced a COVID-19 pilot testing program for travelers. This step is important for the airline to gain a competitive edge.

    Delta Air Lines Inc. (NYSE: DAL)

    Delta Air Lines Inc. (NYSE: DAL) stock drop by -2.33% to $30.61. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Buy. Delta Air Lines Inc. (DAL) has earlier took a major step after the airline has disclosed that it has postponed a decision on whether to furlough pilots until at least Nov. 1, allowing time for the industry and its workers to lobby for additional government assistance.

    JetBlue Airways Corporation (NASDAQ: JBLU)

    JetBlue Airways Corporation (NASDAQ: JBLU) Shares headed falling, lower as much as -4.44%. The most recent rating by Morgan Stanley, on September 08, 2020, is at an Overweight. JetBlue Airways Corporation (JBLU) has previously revealed that it will deliver some extra cheer to customers by starting the holiday season early in September. JetBlue has also signed a partnership contract with Vault Health to make COVID-19 testing widely available to customers with pending travel plans.

    Spirit Airlines Inc. (NYSE: SAVE)

    Spirit Airlines Inc. (NYSE: SAVE) fall -3.09% after losing more than -$0.51 on Tuesday. Previously, Spirit Airlines Inc. (SAVE) announced the closing of a private offering of $850 million in principal amount of 8.00% senior secured notes due 2025 offered by two newly formed Spirit subsidiaries. This airline has a market capitalization of $1.38 billion at the time of writing.

    Southwest Airlines Co. (NYSE: LUV)

    Southwest Airlines Co. (NYSE: LUV) last closed at $37.61, in a 52-week range of $22.47 to $58.83. Analysts have a consensus price target of $43.80.  Southwest Airlines Co. (LUV) has disclosed specific goals for increasing diversity in Leadership and continuing its commitment to inclusion. Southwest Airlines has moved up 67.42% from its 52-weeks low and moved down -36.07% from its 52-weeks high.

    Azul S.A. (NYSE: AZUL)

    Azul S.A. (NYSE: AZUL) stock drop by -7.90% to $12.70. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Azul S.A. (AZUL) revealed on late Sunday in a security filing that one of its Embraer E195 has been certified to fly as an adapted dedicated cargo aircraft, as the company diversifies its business amid the coronavirus crisis.

    Alaska Air Group Inc. (NYSE: ALK)

    Alaska Air Group Inc. (NYSE: ALK) fall -2.32% after losing more than -$0.87 on Tuesday. The nonprofit Alaska Airlines Foundation has awarded $430,000 in LIFT grants to 41 nonprofits in Alaska, California, Hawaii, Oregon, and Washington. The Foundation has donated $750,000 this year to organizations in communities served by Alaska Airlines with the proceeds from grants.

    Hawaiian Holdings Inc. (NASDAQ: HA)

    Hawaiian Holdings Inc. (NASDAQ: HA) stock drop by -3.89% to $12.86. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Hawaiian Holdings Inc. (HA) is preparing to offer Guests Drive-through pre-travel COVID-19 tests. Hawaiian’s partnership with Worksite Labs will give guests exclusive access to drive-through PCR testing from dedicated, conveniently located labs.

    Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL)

    Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) shares headed falling, lower as much as -6.09%. The most recent rating by Seaport Global Securities, on September 15, 2020, is at a Neutral. Gol Linhas Aereas Inteligentes S.A. (GOL) share price went from a low point around $1.85 to briefly over $19.36 in the past 52 weeks, though shares have since pulled back to $5.86. GOL market cap has remained high, hitting $810.38 Million at the time of writing.

    Copa Holdings S.A. (NYSE: CPA)

    Copa Holdings S.A. (NYSE: CPA) last closed at $50.40, in a 52-week range of $24.00 to $116.88. Analysts have a consensus price target of $69.21. Copa Holdings S.A. (CPA) has moved up 110.00% from its 52-weeks low and moved down -56.88% from its 52-weeks high. This company market capitalization has remained high, hitting $2.08 billion at the time of writing.

    Ryanair Holdings plc (NASDAQ: RYAAY)

    Ryanair Holdings plc (NASDAQ: RYAAY) Shares headed falling, lower as much as -1.09%. The most recent rating by Raymond James, on September 04, 2020, is at an Outperform.  Ryanair Holdings plc (RYAAY) market capitalization has remained high, hitting $14.69 billion at the time of writing.

  • Is Now The Right Time To Look At NIO Limited (NYSE: NIO)?

    Is Now The Right Time To Look At NIO Limited (NYSE: NIO)?

    Shares of NIO Limited (NYSE: NIO) traded up 10.85% on Tuesday after a Wall Street analyst revealed that it seems like the company could become the next iconic brand at least in China. Earlier, analyst Edison Yu at Deutsche Bank has initiated coverage of NIO Limited on September 8, 2020. Edison Yu has set the price target of $24.

    Yu revealed that customers are perceiving NIO as a high-quality premium brand. Customers perceived that this company has best-in-class technology and service. The average customer referral rate of NIO Limited has increased from 52% in 2019 to 62% in the first half of 2020.

    Edison Yu said that the favorability of NIO among customers is higher than both Mercedes-Benz and BMW and the Chinese EV maker is considered to be one of the most reliable battery EVs across all segments and also moving forward than Tesla Inc.

    NIO Limited has recently shown EV models, including the EP9, an electric supercar introduced in 2016; the ES8, its six-seater flagship premium EV model; and the recently introduced EC6 SUV at Beijing International Exhibition 2020. The company also has revealed three types of chargers, NIO Innovations, and patents, Power Swap Station, and NIO Life.

    NIO Limited (NYSE: NIO) shares went up 10.85% during the trading session on Tuesday. NIO Limited share price went from a low point around $1.19 to briefly over $21.05 in the past 52 weeks, though shares have since pulled back to $20.85. It has moved up 1652.10% from its 52-weeks low and moved down -0.95% from its 52-weeks high. NIO Limites market cap has remained high, hitting $27.67 Billion at the time of writing.

    NIO Limited is also planning to introduce Navigate on Pilot feature which automatically guides the car on ring roads and highways. The company has revealed 20 new features and function optimizations, including camera-based driver drowsiness detection, remote seat ventilation, and 5.1 immersive surround sound mode.

  • Here Are 2 Stocks You Should Keep Your Eyes On AMD and INTC

    Here Are 2 Stocks You Should Keep Your Eyes On AMD and INTC

    The semiconductor industry is considered to be the most important industry and most nations are striving to remain competitive at least some aspect of this critical industry. Advanced semi-conductors create better products that lead to a greater demand in this industry. Currently, economic uncertainty is prevailing in almost every sector of the world because of the ongoing viral pandemic. Here are two stocks in the semiconductor industry that investors should consider buying are Advanced Micro Devices, Inc. (NASDAQ: AMD) and Intel Corporation (NASDAQ: INTC). Both these semiconductor companies are facing new challenges but their competitive edge makes both stocks worth buying.

    Advanced Micro Devices, Inc. (NASDAQ: AMD)

    Advanced Micro Devices, Inc. (NASDAQ: AMD) share has experienced unusual options activity on Tuesday as the company stock price moved up 2.88% during the trading session of Tuesday. Investors will be expecting a good performance from AMD as it heads towards its next earnings release. AMD is anticipating to report earnings of $0.36 per share, which would represent year-over-year growth of 100%.

    Advanced Micro Devices has recently launched the first AMD RyzenTM mobile processors and the latest AMD AthlonTM mobile processors for Chromebook platforms. These processors have 178% faster web browsing capability as compared to the previous generation. These two processors were designed in partnership with Google.

    The AMD Ryzen and Athlon 3000 C-Series Mobile Processor lineup introduces the first-ever ‘Zen’ architecture-powered Chromebooks of its kind with systems from Acer, ASUS, HP, and Lenovo launching in Q4 2020. AMD Ryzen 3000 C-Series Mobile Processor has the ability to perform 212% better compared to the previous generation of AMD Chromebooks. It offers 104% faster office productivity performance compared to the previous generation AMD Chromebooks.

    Advanced Micro Devices now holds nearly 20% of the PC Chip market and nearly 6% of the server chip market. This company is using third-party Taiwan Semiconductor Manufacturing for its chips. It has been disclosed that its EPYC server chips and Ryzen PC Chips are currently manufactured on TSMC’s 7nm process.

    This company share has gained +2.29 on Tuesday at $81.77. Its share price went from a low point around $27.43 to briefly over $94.28 in the past 52-weeks of trading. AMD stock has moved up 198.10% from its 52-weeks low and moved down -13.27% from its 52-weeks high. Looking at its profitability, it has a return on assets, equity, and investment of 10.30%, 21.50%, and 12.40%, respectively. AMD market capitalization has remained high, hitting $93.25 billion at the time of writing.

    Intel Corporation (NASDAQ: INTC)

    If we look at Intel Corporation (NASDAQ: INTC) has launched the 11th Gen Intel® Core™ processors, Intel Atom® x6000E series, and Intel® Pentium® and Celeron® N and J series which has different internet of things capabilities. Intel’s main competitive advantage is that it has worked closely with its customers. INTC enabled its customers and developers to work faster and deliver more powerful results with enhanced, containerized packages to enable sensing, vision, automation, and other transformative edge applications.

    On the other hand, the company has entered into a strategic collaboration with Lightbits labs to solve the problems of today’s data center operators. Intel Corporation has also announced that it is scheduled to host its second of two Intel® Partner Connect events on October 20, 2020. It aimed to build a trusted foundation for computing in a data-centric world.

    This company shares headed falling 0.47% after its lost -0.24 on Tuesday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $43.63 and a high range of $69.29. It has moved up 17.33% from its 52-weeks low and moved down -26.12% from its 52-weeks high. Focusing on its liquidity, it has a current ratio of 2.00. This company’s market capitalization has remained high, hitting $214.13 billion at the time of writing.  Intel Corporation is still making a lot of money and has been growing during the pandemic.

     

     

  • Why Adial Pharmaceuticals (NASDAQ: ADIL) Is Soaring Today?

    Why Adial Pharmaceuticals (NASDAQ: ADIL) Is Soaring Today?

    Shares of Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) traded up 114.89% after the company announced that it has received the Emergency Use Authorization (EUA) from FDA for Assure/FaStep® COVID-19 IgG/IgM Rapid Test Device. This Emergency Use Authorization from the FDA is the first antibody point-of-care test for COVID-19.

    The rapid test device, the blood samples were used using fingerstick as compared to other approved tests which are recently using only plasma, serum, or venous blood. After the authorization from FDA, fingerstick blood samples can be used with the FaStep COVID-19 IgG/IgM Rapid Test Device for the test in point-of-care settings, including urgent care centers, emergency rooms, doctors’ offices, hospitals, or other locations where there is a licensed healthcare professional.

    Previously, this FaStep COVID-19 IgG/IgM Rapid Test Device is used for the detection of SARS-CoV-2 antibodies in the individuals and it is used to identify the recent or previous COVID-19 infection. Various other kits were present but they haven’t got the authorization for the fingerstick blood sample.

    Shares of Adial Pharmaceuticals soared 114.89% after it gained +1.62 during the trading session of Tuesday. It has a closing price of $3.03. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $1.00 and a high of $3.17. It has moved up to 203.00% from its 52-weeks low and moved down -4.42% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 13.90. This company’s market capitalization has remained high, hitting $41.06 million at the time of writing.

    Adial has announced that it has started the sales of the FaStep COVID-19 IgG/IgM rapid antibody test kits to healthcare providers and hospitals through The iRemedy Healthcare Companies, Inc. (iRemedy) network and e-commerce platform. This company has earlier filed for Expedited Review of AD04 with the FDA. AD04 is the drug candidate used for the treatment of Alcohol Use Disorder (AUD)

  • 20 Trending Stocks In Oil And Gas Industry You Should Keep Your Eyes On

    20 Trending Stocks In Oil And Gas Industry You Should Keep Your Eyes On

    The dependence on oil and gas is continuously increasing as the global economies continue to depend on petroleum-based products. This industry has gained a reputation as the world’s largest industry. The oil and gas industry has an enormous impact on all aspects of daily life. Oil and gas provide the 7.7 billion people of the world with 57 percent of their daily energy needs.

    The technological advancements and the new emerging trends have changed this industry. The outbreak of coronavirus has impacted this industry and has added a major layer of uncertainty. Let take a look at the top 20 companies which are following new trends and are competing in the market with their unique products and services:

    WPX Energy Inc. (NYSE: WPX)

    WPX Energy Inc. (NYSE: WPX) shares were trading up 16.44% at $5.17 at the time of writing on Monday. WPX Energy Inc. (NYSE: WPX) share price went from a low point around $1.94 to briefly over $14.43 in the past 52 weeks, though shares have since pulled back to $5.17. WPX market cap has remained high, hitting $2.88B at the time of writing, giving it a price-to-sales ratio of more than 1.

    U.S. oil and gas producer Devon Energy Corp revealed on Monday it will acquire shale-oil rival WPX Energy Inc for $2.56 billion as it is trying to boost its presence in the top U.S. oilfield. If we look at the recent analyst rating WPX, Truist upgraded coverage on WPX shares with a Buy rating.

    Devon Energy Corporation (NYSE: DVN)

    Devon Energy Corporation (NYSE: DVN) last closed at $9.80, in a 52-week range of $4.60 to $26.42. WPX ENERGY Bragar Eagel & Squire, P.C. Investigates Sale of WPX and Encourages Investors to Contact the Firm. Earlier, Devon Energy Corporation has announced the acquisition of WPX Energy Inc. This is the biggest shale deal of the same sector. Devon Energy has moved up 102.94% from its 52-weeks low and moved down -64.65% from its 52-weeks high. It has a total market capitalization of $3.81 billion at the time of writing.

    Marathon Oil Corporation (NYSE: MRO)

    Marathon Oil Corporation (NYSE: MRO) stock soar by 3.62% to $4.29. The most recent rating by Northland Capital, on September 14, 2020, is at a Market perform. Marathon Oil Corporation (MRO) has earlier started a cash tender offer for up to an aggregate principal amount of $500,000,000 of its outstanding $1,000,000,000 aggregate principal amount of 2.800% Senior Notes due 2022. It has a total market capitalization of $3.53 billion at the time of writing.

    Occidental Petroleum Corporation (NYSE: OXY)

    Occidental Petroleum Corporation (NYSE: OXY) shares headed rising, higher as much as 1.17%. The most recent rating by Scotiabank, on September 24, 2020, is at a Sector outperform. Occidental Petroleum Corporation (OXY) earlier announced that it will pay a $200 million quarterly dividend to Warren Buffett’s Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices.

    Apache Corporation (NASDAQ: APA)

    Apache Corporation (NASDAQ: APA) rose 4.26% after gaining more than $0.42 on Monday. Apache Corporation (APA) board of directors of Apache Corporation has earlier declared a regular cash dividend on the company’s common shares. The dividend on common shares is payable Nov. 23, 2020, to stockholders of record on Oct. 22, 2020, at a rate of 2.5 cents per share on the corporation’s common stock.

    Oasis Petroleum Inc. (NASDAQ: OAS)

    Oasis Petroleum Inc. (NASDAQ: OAS) fall -0.29% after losing more than $0.0 on Monday. Oasis Petroleum Inc. (OAS) has earlier announced that the Company elected to enter into a 30-day grace period and defer making the interest payments due September 15, 2020, on its 6.875% Senior Unsecured Notes due 2022 and 2.625% Senior Unsecured Convertible Notes due 2023.

    CNX Resources Corporation (NYSE: CNX)

    CNX Resources Corporation (NYSE: CNX) last closed at $10.22, in a 52-week range of $4.26 to $14.19. Analysts have a consensus price target of $13.67. CNX Resources Corporation (CNX) has earlier revealed that CNX has completed the acquisition of all of the outstanding common units of CNX Midstream that it did not already own. Its market capitalization has remained high, hitting $2.06 billion at the time of writing.

    EOG Resources Inc. (NYSE: EOG)

    EOG Resources Inc. (NYSE: EOG) stock drop by -0.03% to $37.44. The most recent rating by Northland Capital, on September 14, 2020, is at a Market perform. EOG Resources Inc. (EOG) has earlier named Michael T. Kerr as a member of the Board of Directors, effective October 5, 2020. Kerr has over 36 years of investment experience, including 35 years with Capital Group, home of American Funds®, and one of the world’s oldest and largest investment management organizations.

    SM Energy Company (NYSE: SM)

    SM Energy Company (NYSE: SM) Shares headed rising, higher as much as 0.58%. The most recent rating by Seaport Global Securities, on July 27, 2020, is at a Neutral. SM Energy Company (SM) revealed that its Board of Directors has approved a semi-annual cash dividend of $0.01 per share of common stock outstanding. The dividend will be paid on November 4, 2020, to stockholders of record as of the close of business on October 23, 2020.

    Southwestern Energy Company (NYSE: SWN)

    Southwestern Energy Company (NYSE: SWN) last closed at $2.50, in a 52-week range of $1.06 to $3.90. Analysts have a consensus price target of $3.28. Southwestern Energy Company (SWN) has moved up 118.87% from its 52-weeks low and moved down -40.51% from its 52-weeks high. It has a total market capitalization of $1.56 billion at the time of writing.

    Noble Energy Inc. (NASDAQ: NBL)

    Noble Energy Inc. (NASDAQ: NBL) stock soar by 3.06% to $8.75. The most recent rating by Citigroup, on August 31, 2020, is at a Neutral. Noble Energy Inc. (NBL) share price went from a low point around $2.73 to briefly over $25.08 in the past 52 weeks, though shares have since pulled back to $8.58. NBL market cap has remained high, hitting $4.25 B at the time of writing.

    Parsley Energy Inc. (NYSE: PE)

    Parsley Energy Inc. (NYSE: PE) shares headed rising, higher as much as 7.43%. The most recent rating by Piper Sandler, on July 21, 2020, is at an Overweight. Parsley Energy Inc. (PE) shares fluctuated between the low of $3.92 and a high of $20.13. It has moved up 140.82% from its 52-weeks low and moved down -53.09% from its 52-weeks high. This company market capitalization has remained high, hitting $4.02 billion at the time of writing.

    Antero Resources Corporation (NYSE: AR)

    Antero Resources Corporation (NYSE: AR) last closed at $2.96, in a 52-week range of $0.64 to $4.64. Analysts have a consensus price target of $4.13. Antero Resources Corporation (AR) has moved up 340.13% from its 52-weeks low and moved down -39.48% from its 52-weeks high. It has a total market capitalization of $832.38 Million at the time of writing.

    ConocoPhillips (NYSE: COP)

    ConocoPhillips (NYSE: COP) stock soar by 0.03% to $33.71. The most recent rating by KeyBanc Capital Markets, on September 25, 2020, is at an Overweight. ConocoPhillips shares fluctuated between the low of $20.84 and a high of $67.13. It has moved up 59.06% from its 52-weeks low and moved down -50.62% from its 52-weeks high. This company market capitalization has remained high, hitting $36.05 billion at the time of writing.

    Centennial Resource Development Inc. (NASDAQ: CDEV)

    Centennial Resource Development Inc. (NASDAQ: CDEV) shares headed rising, higher as much as 13.42%. The most recent rating by Wells Fargo, on September 14, 2020, is at an Underweight. Centennial Resource Development Inc. (CDEV) share price went from a low point around $0.24 to briefly over $5.35 in the past 52 weeks, though shares have since pulled back to $0.62. CDEV market cap has remained high, hitting $187.84 Million at the time of writing.

    Kosmos Energy Ltd. (NYSE: KOS)

    Kosmos Energy Ltd. (NYSE: KOS) rose 6.00% after gaining more than $0.06 on Monday. Kosmos Energy Ltd. (KOS) shares fluctuated between the low of $0.50 and a high of $7.55. It has moved up 101.60% from its 52-weeks low and moved down -86.62% from its 52-weeks high. This company market capitalization has remained high, hitting $446.90 million at the time of writing.

    Ovintiv Inc. (NYSE: OVV)

    Ovintiv Inc. (NYSE: OVV) stock soar by 1.97% to $8.79. The most recent rating by Credit Suisse, on August 05, 2020, is at a Neutral. Ovintiv Inc. (OVV) share price went from a low point around $2.10 to briefly over $25.00 in the past 52 weeks, though shares have since pulled back to $8.30. OVV market cap has remained high, hitting $2.33 Billion at the time of writing.

    Range Resources Corporation (NYSE: RRC)

    Range Resources Corporation (NYSE: RRC) rose 3.25% after gaining more than $0.23 on Monday. Range Resources Corporation (RRC) shares fluctuated between the low of $1.61 and a high of $9.73. It has moved up 332.92% from its 52-weeks low and moved down -25.61% from its 52-weeks high. This company market capitalization has remained high, hitting $1.93 billion at the time of writing.

    Tellurian Inc. (NASDAQ: TELL)

    Tellurian Inc. (NASDAQ: TELL) last closed at $0.73, in a 52-week range of $0.67 to $8.72. Tellurian Inc. (TELL) It has moved up 10.13% from its 52-weeks low and moved down -91.58% from its 52-weeks high. This company market capitalization has remained high, hitting $232.13 Million at the time of writing.

    Murphy Oil Corporation (NYSE: MUR)

    Murphy Oil Corporation (NYSE: MUR) Shares headed rising, higher as much as 5.38%. The most recent rating by Scotiabank, on September 24, 2020, is at a Sector underperform. Murphy Oil Corporation (MUR) has a total market capitalization of $1.43 billion at the time of writing.

  • Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) announced today the result of COVI-GUARD™ (STI-1499) and COVI-AMG™ (STI-2020) neutralizing antibodies (nAbs) against SARS-CoV-2. Both the STI-1499 and STI-2020 antibodies have shown the neutralizing activities against SARS-CoV-2 virus infection in preclinical models.

    STI-1499 neutralizing antibody has earlier received the green signal from the FDA in the Phase 1 clinical trial in hospitalized COVID-19 patients. While the STI-2020 is a matured version of the COVI-GUARD neutralizing antibody and has shown a greater than 50-fold increase in potency in Invitro experiments. Both the neutralizing antibodies have demonstrated 100% In vitro neutralization of SARS-CoV-2.

    STI-1499 and STI-2020 nAb has shown the promising result in the pre-clinical studies. Hamsters that are infected with coronavirus when received the single dose of STI-2020 have gained within 48 hours after the injection of neutralizing antibodies. It has been disclosed that the 500 µg single dose of STI-2020 injected in hamsters in the preclinical studies would be equivalent to a human dose of less than 100 mg of antibody.

    As compared to other medical treatment for SAR-CoV-2, this antibody has shown very promising results at a low dose. Therefore, it is considered that the COVI-AMG could potentially be injected as a simple and rapid injection to treat COVID-19 patients. The company has earlier received FDA authorization for STI-1499 to treat hospitalization COVID-19 patient and the company is planning to submit IND for STI-2020 soon.

    Sorrento Therapeutics has also reported the positive Phase 1b trial data of resiniferatoxin (RTX). The data revealed that the RTX has not shown any negative safety signal as of September. The Phase 1b trial has been conducted to study the effectiveness of resiniferatoxin (RTX) for the treatment of moderate to severe pain due to osteoarthritis (OA) of the knee.

    The Phase 1b trial of RTX has shown the encouraging results and the company has now decided to start the Phase 2 clinical trial of an investigational drug product in 2020. It is expected that the Phase 3 clinical trial will start in 2021 after completing additional enabling preclinical studies.

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) shares were trading up 4.73% at $10.63 at the time of writing on Tuesday. Sorrento Therapeutics, Inc. share price went from a low point around $1.39 to briefly over $19.39 in the past 52 weeks. It has moved up 664.76% from its 52-weeks low and moved down -45.18% from its 52-weeks high. SRNE market cap has remained high, hitting $2.47 billion at the time of writing.

  • U.S. Energy Corp. (NASDAQ:USEG) Announces Asset Purchase Agreement

    U.S. Energy Corp. (NASDAQ:USEG) Announces Asset Purchase Agreement

    The U.S. Energy Corp. (NASDAQ: USEG) disclosed today that it has signed an Asset Purchase Agreement and executed the transaction to buy operated and non-operated producing assets. The acquired property located in Lea County, New Mexico, and Converse County, Wyoming. This acquisition is the second acquisition of U.S Energy in 2020.

    The acquired properties had total estimated proved reserves of approximately 237,263 Boe (63% oil), all of which are Proved Developed Producing reserves and had a present value of estimated future net revenues before income taxes discounted at 10% (PV10) value of approximately $2.5 million, as of August 1, 2020.

    The financial consideration paid at closing by  U.S. Energy included $500,000 in cash. U.S Energy Corp. has also revealed that the company entered into a $375,000 Secured Promissory Note with the largest shareholder of the Company, APEG Energy II, L.P. All the profits the company gained will be used in the current acquisition.

    U.S. Energy Corp. (NASDAQ: USEG) shares went up 0.70% as it gained +0.03 at $4.32 during the trading session of Monday. In the past 52-weeks of trading, this company’s stock fluctuated between the low range of $2.44 and a high range of $9.55. USEG has moved up 77.01% from its 52-weeks low and has moved down -54.76% from its 52-weeks high. This company market capitalization has remained high, hitting $6.05 million at the time of writing.

    The Properties, bought at an approximate 80% discount to their current PDP PV-10 reserve value, add reserves and immediate free cash flow, with operated acreage positions that are held by production to offer optionality for future opportunities. The Lea County, New Mexico assets comprise approximately 82% of total PDP volumes. While the Converse County, Wyoming assets include approximately 15% of total PDP volumes.

     

  • Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education Holding Limited (AMBO) has announced that it has expanded its strategic partnership with Amazon. Ambow Education and Amazon both entered into a partnership contract in 2018. The agreement between the two companies is related to Amazon Web Services (AWS) training and certification. Amazon and Ambow Education both agreed to jointly build a cloud skills training base.

    The AWS Global Cloud infrastructure is considered to be the most secure, extensive, and reliable cloud platform. This platform is providing over 175 fully-featured services from data centers globally and it covered 245 different countries and territories.

    As per the newly expanded agreement between the Amazon and Ambo,  AWS will not only include both AWS digital and classroom training courses as well as certification services offered by Huanyujun but also combine enterprise recruiting programs and training offerings. If we sum up the expanded cooperation of both the companies, Ambow will now offer AWS training for cloud skills, specific and catered to various enterprise hiring needs.

    Shares of Ambow  Education Holding Limited (NYSE: AMBO) traded up 125.97% as it gained +2.28 during the trading session of Monday. It has a closing price of $4.09. In the past 52-weeks of trading, this company’s share fluctuated between the low of $1.10 and a high of $4.81. It has moved up 271.82% from its 52-weeks low and moved down -14.97% from its 52-weeks high. This company market capitalization has remained high, hitting $85.64 million at the time of writing.

    The expanded cooperation between Amazon and Ambow Education also provides an opportunity for registered students at Huanyujun to gain first free access to sign-up for the joint program. Ambow Education is not only providing benefits in curriculum development, job placement services, and professional training but also offered services in career planning, job placement consultancy, and certification training.

    AMBO has recently introduced a new enterprise partnership program that is supported by AWS and will integrate the AWS cloud training and certification system into Ambow Panorama Digital Teaching System and Ambow Cloud Platform, making it accessible at the Huanyujun Education Hub. This new digital solution provides an opportunity for Ambow to attract more and more talented students to Huanyujun.

     

  • Everything you need to know about Aptorum Group Limited [APM] RPIDD Deal

    Everything you need to know about Aptorum Group Limited [APM] RPIDD Deal

    It’s a good start to the day for Aptorum Group Limited [NASDAQ:APM] investors. The stock has been gaining quite strongly since early morning and was up by over 600% just before markets opened.

    The massive gains come after the company announced that it had launched an infectious disease liquid biopsy startup. The company also announced that it landed an exclusive in-license deal for the development of molecular-based rapid pathogen diagnostics tools from Singapore based Accelerate Technologies. The tools developed under the co-development deal will be used in tracking pathogenic genomes.

    Aptorum intends to leverage the deal to aggressively grow market share in the molecular tools diagnostics market. This is a big deal considering that the molecular diagnostics market is expected to hit a valuation of $13.8 billion by the year 2025. It is also noteworthy that around 60% of this $13.8 billion market is expected to be driven by infectious disease, an area that the company intends to reach using high-tech RPIDD technologies.

    RPIDD is a technology that can identify and detect pathogens, with a high degree of accuracy. It has the capacity to identify both known pathogens and emerging ones such as coronaviruses and bacteria that are resistant to antibiotics. It is also important to note that this technology can do this cost-effectively and without bias, by using a liquid biopsy, software analytic and genome sequencing.

    Through its subsidiary called Aptorum Innovations Pte Ltd, Aptorum Group will have exclusive licensing and commercialization rights to the RPIDD technology that is being developed in partnership with Accelerate Technology. Aptorum Group has also stated that it wants to start developing RPIDD-driven infectious disease laboratories in the next 2 years.

    The company added that one of these labs would be located in Singapore and that it would work with hospitals and other health facilities in the country. Other locations where it intends to set up the labs are in Australia and Hong Kong.

    Commenting on the development, the company’s CEO Dr Clark Cheng stated that with the global disruption caused by COVID-19, and the global issue of antibiotic resistance all played a role in the company’s decision to bolster its capacity in biopsy diagnostics. He added that the mortality rates of infectious diseases was quite high and necessitated action. He further stated that the company, through its subsidiary would roll out RPIDD commercially by setting proprietary labs.

    About Aptorum Group Limited

    Aptorum Group Limited is a pharma company that develops treatments for unmet needs. It is based in London, United Kingdom.