Mid Day Movers – Page 83 – STOCKS TELEGRAPH

Best Performing Stocks as Dow Leads Market Rally

The markets are in the green this afternoon with the Dow adding 200 points to make it the day’s top performer. The NASDAQ and the S&P 500 are in the green too, gaining by 142 points and 23 points respectively. The Dow’s exceptional performance is largely driven by Microsoft, which has rallied on Tiktok buyout news. Markets have also been revamped by expectations of strong earnings from major corporations, and the continuing talks between democrats and republicans over the next stimulus package.

While there is a huge gap between what the two sides want from a stimulus, the markets are optimistic that middle ground will be found and resuscitate the economy beaten up by the COVID-19 pandemic. In this environment of high optimism, stocks are rallying, and some of the best performers this afternoon are as below:

Datasea Inc [NASDAQ:DTSS]

Datasea is one of the best performers this afternoon and is up by over 60%. The stock’s huge gains come after it announced that it had entered into an agreement with Beijing Tengyuenjunjie Parking Management for the installation of its control system in Nanaipingzhung Beixiang, a residential area in Beijing. The engagement has a value of $7800 and will run for three years. Through this deal, Dataset will handle the hardware, software, and installations. Commenting on the deal, CEO Liu Zhixin stated that the city of Beijing has more than 21 million inhabitants and over 6000 communities in residential setups. He added that in the long run, the company was looking to capture a significant portion of this market using its proprietary technologies. This news plus the overall positive sentiment in the market has seen this stock rally and is likely to close the day with significant gains.

ADT Inc [NYSE:ADT]

ADT Inc is another top performer this afternoon and is up by 60%. These gains follow news that Google was buying a $450 million stake in the company. Through the deal, Google will have a 6.6% stake in the company. At the moment, ADT is the biggest home security company in the United States and has over 6 million customers. Commenting on the deal, ADT CEO Jim DeVries stated that the partnership with Google as part of the company’s move to stop pursuing a strategy of product agnosticism. He added that the company would integrate Amazon’s product, Alexa, into its systems if the market demands it.

Pitney Bowes Inc [NYSE:PBI]

Pitney Bowes Inc is another top performer this afternoon and is up by over 40%. This comes after the company announced that it had secured a government contract worth $5 million for its shipping and mailing technology. The government agency will benefit through cost-savings and a higher level of efficiency. CEO, Jason Dies stated that the company was happy to be part of the transformation process to make the government more efficient.

August 3, 2020

Biggest Stock Gainers at the Close of the Week

It’s a mixed day in the markets today. The Dow and the S&P 500 are in the red as the markets digest the news of the economic impact of the COVID-19 pandemic. The latest economic data shows that in Q2 of 2020, the U.S economy contracted to levels never seen before in post-war America. However, this dampened mood has not adversely affected the NASDAQ, as it has been boosted by the strong performance of the big tech companies. Facebook, Apple, Google, and Amazon have all reported strong results in Q2. Even in the current mixed environment, there are a number of stocks that are looking to end the week with strong gains. Some of the day’s biggest gainers are as below:

Goosehead Insurance Inc [NASDAQ:GSHD]

Goosehead Insurance Inc is one of the top gainers this afternoon and is up 24%. This follows the company’s release of stronger than expected Q2 results. The company reported that revenues in Q2 stood at $29.9 million. Breaking down the numbers, sales from total franchises increased by 48%, while corporate sales grew by 49%.

On top of that, the company reported that it had a net income of $7.4 million and also declared a dividend of $42 million. Comparing the numbers to previous quarters, the company stated that revenues grew by 54% compared to Q2 of 2019. The company also stated that its core revenues grew by 41% compared to a similar quarter in 2019. The company CEO Mark E. Jones stated that the results were a reflection of the market reception of its powerful platform.

Issuer Direct Corporation [NYSE:ISDR]

Issuer Direct Corporation is another top performer this afternoon and is up by 24%. The stock’s upside momentum follows the company’s release of strong Q2 results. The company reported that in Q2 of 2020, it had revenues of $3.3 million and that on a year-on-year basis, its EBITDA doubled to 28%. Total revenues for Q2 were higher by 18% compared to a similar period in 2019. The company also reported that gross margins increased to 72% of revenues compared to 70% of revenues in Q2 of 2019. The company also announced that it engaged in a stock repurchase program and bought shares worth $580,000 in Q2.

Zion Oil & Gas Inc [NASDAQ:ZN]

Zion Oil & Gas Inc is a top gainer this afternoon and is up by 76%. This comes after the company announced that it had received approval from the Israeli Ministry of Energy for its next oil drilling plan. The CEO Robb Dunn stated that the progress was a miracle given the complexities that have been brought about by COVID-19.

July 31, 2020

Top 3 Stocks to Watch As Weak GDP Numbers Sink Markets

The markets continue to trade in negative territory, due to the weak GDP economic data released earlier in the day. The data is indicative of an economy that has been significantly hit by the COVID-19 pandemic. Given that there is no vaccine or cure available, it indicates that in the near-term, demand could remain low, and most companies might continue reporting lower financial numbers.

Key indices are already in the red, with Dow 30 taking the biggest hit to trade lower by over 1%. However, even in this environment, there are stocks that are in significant gains. Some of the biggest gainers this afternoon are as below:

Taoping Inc [NASDAQ:TAOP]

Taoping Inc is one of the biggest gainers this afternoon and is up over 400%. This stock’s massive gains come after the company announced that it had upgraded its Taoping Smart Cloud platform and that it was now in the market. The company stated that the upgraded platform has been optimized to handle transaction systems, data monitoring, and ad publishing among other features.

The company added that with the platform, it was in a position to offer better user experience and flexibility. The kicker is that the platform will help the company expand its partner model. CEO Jianghuai Lin has stated that the platform will help boost the company’s cash flows by a significant margin.

Precipio Inc [NASDAQ:PRPO]

This is another big gainer in the day and is up by over 290%. This rally follows the company’s announcement that it had launched a commercial COVID-19 antibody test. The company’s management stated that it had entered into a partnership with ADS Biotech for the distribution of COVID-19 serology antibody tests. The company further stated that it will do a test-run in August. CEO Ilan Danieli stated that the company was happy with the partnership and that it would help with the distribution of the test, both in the U.S and globally.

DIRTT Environment Solutions Ltd [NASDAQ:DRTT]

DIRTT Environment Solutions Ltd is another top gainer this afternoon and is up by over 60%. This comes after the company reported strong Q2 financial results.

The company stated that revenues for the quarter stood at $42.2 million. It also reported gross profit margins of 33.7% and a cash balance of $44.6 million. The company’s management stated that the strong results were the result of the continuous implementation of its strategic plan. CEO Herman Miller stated that they were looking to further strengthen their commercial capabilities. He added that early in the month, they launched Make Space for Possibilities™, a strategic marketing campaign for this goal.

July 30, 2020

Top Stocks As Federal Reserve Restores Market Confidence

The equity markets have regained upside momentum this afternoon. This follows the Fed’s decision to keep supporting the markets. A statement from the FOMC said that the direction the economy takes will depend heavily on the coronavirus and that the virus will significantly affect employment numbers and inflation. The Fed then added that it was ready to use a wide array of tools to support the economy.

The Federal Reserve further stated that it would increase its levels of treasury securities, and both commercial and residential mortgage-backed securities at current prices. The news has seen the major stock indices rally with the NASDAQ now up by 1.50%. Individual stocks are also on the rise. The most visible stock gainer today is Kodak, which is up by 500%, dwarfing the stellar day that it had in yesterday’s trading session. Besides Kodak, other stocks that have recorded significant gains this afternoon are as below:

Tupperware Brands Corporation [NYSE:TUP]

This is one of the biggest gainers in the day and is up by 62% this afternoon. The rally follows the company’s strong Q2 results that have beat analyst expectations. The company announced that its diluted EPS was 60% higher than the amount that it reported in 2019.

The company also announced that in the quarter, its cash flow from its operations was higher by $71 million compared to Q2 of 2019. Nonetheless, the company reported that due to the COVID-19 pandemic, sales declined by 16% compared to the previous quarter. CEO Sandra Harris noted that the increase in profitability was due to the company’s commitment to improve its profit margins and strengthen the balance sheet.

Sonoma Pharmaceuticals Inc [NASDAQ:SNOA]

Sonoma Pharmaceuticals Inc is another top performer this afternoon and is up by 52%. These gains come just a day after the company announced that Microsafe® disinfectant had passed the compatibility test for Boeing and Airbus commercial planes. The company’s CEO Amy Trombly stated that they were happy with the tests and that they expanded the company’s potential sales in the airline market, due to the COVID-19 pandemic. She added that the company was continually looking to grow its market reach across the globe.

Big 5 Sporting Goods Corporation [NASDAQ:BGFV]

This is another top gainer this afternoon and is up by 49%. Its gains come after it reported impressive Q2 results. The company announced that its net income for Q2 stood at $11.1 million and that it was reinstating dividends. It further announced that store sales shot up by 31% and that it now had a cash position of around $38 million.

July 29, 2020

Eastman Kodak [KODK] Leads the List of Stock Biggest Gainers Even as Market Sentiment Remains Sluggish

The key stock indices are down this afternoon, continuing a trend that started earlier in the day. At the moment, the Dow is down by 0.23%, NASDAQ by 0.15, while the S&P is hovering between positive and negative territory. The lack of momentum is due to market uncertainty with regards to the second bailout that senate republican leader Mitch McConnell tabled.

The bill would offer a major lifeline for an economy that has been battered by the COVID-19 pandemic. Mixed earnings from major corporations have also dampened the mood in the market. For context, Mcdonald’s missed earnings expectations while Pfizer recorded an increase in sales. Other companies that have reported earnings today include Harley-Davidson, which became a loss-maker for the first time in a decade.

Nonetheless, the market has some support from positive news with regards to progress on the COVID-19 vaccine. Yesterday, Moderna announced that it was now in the late-stage testing for its COVID-19 vaccine candidate. Despite the mixed market sentiment, there are winners that have gained exponentially for the past few hours. Some of the day’s biggest winners are as below:

Eastman Kodak Company [NYSE:KODK]

Eastman Kodak Company is one of the top gainers this afternoon and is currently up by 224%. This follows news that the company has been given a $765 million loan to make drug ingredients, with the goal of helping reduce the country’s dependence on foreign supply chains. The U.S International Development Finance Corp said that it would sign a letter of intent with the company. Commenting on the deal, White House trade advisor stated that this was the first in the U.S move towards establishing independence from international supply chains for pharmaceuticals. With the loan, Kodak will launch Kodak Pharmaceuticals, a company that will make key pharmaceutical components.

Vocera Commmunications Inc [NYSE:VCRA]

Vocera Communications Inc is another top gainer this afternoon and is up by 39%. The stock’s rally follows the release of strong Q2 results. The company has reported that Q2 revenues stood at $47.3 million, beating analyst expectations of $40 million. This represents an EPS of $0.10, higher than the net loss of an EPS of $0.06. The company noted that the strong results were due to a number of large strategic deals. The company also announced that it had deferred revenues of $127.5 million and had a full slate of software deployments.

Mercurity Fintech Holding Inc [NASDAQ:MFH]

Mercurity Fintech Holding Inc is another top gainer this afternoon and is currently up by 33%. The company’s strong performance is purely driven by speculative price action. The last time the company had major news was on July 10^th when it announced that it was bolstering its board.

July 29, 2020

Top Gainers as Positive Market Sentiment Grows

The markets are up this afternoon buoyed by hopes of a stimulus package and positive news from big pharma. Pfizer Inc [PFE] was surging earlier in the day on news that the company was in talks with Sanofi, Johnson & Johnson, and the European Union for a possible COVID-19 vaccine distribution deal. Though later news seems to indicate that the deal has hit a snag, it has nonetheless helped push optimism in the market.

Another news driving market sentiment this afternoon is the launch of several IPOs that include that of Rackspace technology [RXT] and East Resources that has closed its IPO raising a gross of $300 million. IPOs at this time show that companies still have faith in the equity markets despite the volatility brought about by the COVID-19 pandemic. In this environment of optimism, there are big winners in individual stocks. Some of the biggest winners this afternoon are as below:

MediciNova Inc [NASDAQ:MNOV]

MediciNova Inc is one of the top gainers in the day and is up by 87.06%. The stock has rallied after the company announced that it had entered into a COVID-19 joint venture with BioComo and Mie University Japan. The vaccine will be developed using a human parainfluenza virus type 2 vector. Under the deal, MediNova now has exclusive rights to the development rights to make use of BC-PV for a SARS-Cov-2 vaccine.

Commenting on the deal, MediNova CEO has stated that they were happy with this partnership as the world rushes to look for a COVID-`19 vaccine or cure. He added that it was interesting that they were looking at it from an intranasal formulation angle because it could help trigger local mucosal immunity.

Sogou Inc [NYSE:SOGO]

This is another top gainer this afternoon and is up 47%. The stock’s rally follows the company’s announcement that it would release its Q2 results on August 17^th. The stock’s upside momentum is also buoyed by news that Tencent Holdings was looking to buy it out at $9 a share. This has seen the stock gap up and rallies towards the premium valuation that Tencent Holdings has placed on it. The news of a buyout has come at a time when the market is showing positive momentum.

Ocugen Inc [NASDAQ:OCGN]

Ocugen Inc is another top gainer in the day. The stock is up by 45% and is gaining. The rally follows news that the company had been given an Orphan Drug Designation by the FDA for RHO mutation gene-therapy treatment called OCU400. The company CEO stated that this was a major step towards a treatment for Retinal Degenerative Disease.

July 27, 2020

Top Performers In the Day Even as Equities Head South

The U.S stock markets have tanked today, with the Dow, S&P 500, and the NASDAQ all in negative territory. This follows high unemployment data that points to a weakening economy as the COVID-19 crisis continues to bite. The latest data shows that weekly unemployment insurance claims shot up by 1.4 million last week. This is the first time that these numbers have increased since March.

With these new numbers, the total unemployment figures are now north of 52 million. With these numbers out, the market is likely to remain sluggish. That’s because they show that the full economic impact of the COVID-19 crisis is yet to fully emerge and that more pain is on the way. The pandemic is not relenting yet the number of corporate bankruptcies is on the rise.

However, the market could get a boost if the U.S government offers a new bailout for businesses. But even in this uncertain business environment, there are stocks that are making big moves. Below are some of the stock market’s top performers this afternoon.

Milestone Pharmaceuticals Inc [NASDAQ:MIST]

Milestone Pharmaceuticals Inc is one of the top gainers today and is up by over 100%. The stock’s rally follows an announcement on a clinical and regulatory update for the development of Etripamil. The company offered this update after a recent interaction with the FDA. Etripamil is the company’s new investigational nasal spray. Commenting on the development, the CEO has stated that they are happy with the outcome of their meetings with the FDA. He added that the interaction with the FDA offers a clear path to registration and eliminates the need for a phase 3 study.

RigNet Inc [NASDAQ:RNET]

RigNet Inc is another top performer this afternoon and is currently up by 60%. This stock’s exponential gains in value are driven by news that the company has secured a government partnership. The company stated that it was working with CACI International Inc to develop Steelbox™ and a text app for the government. Commenting on the deal, the company’s Vice President stated that the move to work with the government as part of its strategic ventures. Through the service, authorized users will be in a position to download the highly secure pp on to their government cell phones.

PolyMet Mining Corp [NYSE:PLM]

PolyMet is another top performer this afternoon and is currently up by 58%. This is purely a factor of market forces as there is no major news around this stock at the moment. Volumes have shot up and pushed the stock to open the day with a gap up. Earlier in the market, the company had announced that it was beefing up its board with the entry of Nathan Bullock as an executive board member.

July 23, 2020

Top 3 Reasons Why AzurRx Biopharma Inc [AZRX] is Gaining Bullish Momentum

AzurRx Biopharma Inc [NASDAQ:AZRX] has been trading on a bullish channel since May. For the last few days, the stock has gained upside momentum and is currently up by 10%. The stock’s current momentum is driven by increased positive momentum in the market and the fact that AZRX stock has lots of positive news surrounding it at the moment. Some of the key factors that are driving its momentum are as below:

A clinical trial of Cystic Fibrosis

Today AzurRX has announced that it is initiating a Phase 2b clinical trial for MS1819 in the treatment of Cystic Fibrosis in patients who also have exocrine pancreatic insufficiency. The company has also announced that top-line data from the study is expected in Q1 of 2021. The company also announced that the study aims to understand the efficacy, safety, and tolerability of MS1819. It also added that its primary endpoint for efficacy is to check for the CFA (coefficient of fat absorption). CEO Steve Boas stated that they believe the clinical protocol offers the right safety environment for those involved. The positive sentiments from the company’s management and the fact that the treatment is now in phase 2 have given renewed confidence in the stock. This could sustain until the company releases topline data on the treatment in early 2021.

The company is well-capitalized

When it comes to biopharma stocks, how capitalized a company is matters for the financing of crucial treatment projects. On this front, the company is doing quite well. It recently raised $15.2 million in a private placement and $6.9 million in a convertible note exchange. AZRX stated that it would use the money on developing its cystic fibrosis therapies for its clinical trials. Commenting on the two capitalization deals, the CEO stated that they would use the money to fund phase 2 and 3 trials of its projects. With such funding, the company is guaranteed to see the MS1819 project to its conclusive ending. This will play a role in sustaining confidence in this stock going into the foreseeable future, as the market expects a breakthrough on this front.

Strategic partnerships

Strategic partnerships play into the long-term value growth of an organization. Back in May, the company stated that it had entered into a labeling and packaging agreement with Creapharm clinical supplies. The deal was for the labeling and distribution of MS1819 therapy for treating exocrine pancreatic insufficiency. Commenting on the deal, Creapharm CEO stated that they were happy to be supporting AzurRx in its clinical trials. The support that MS1819 has received through these partnerships has seen investor confidence in its rise over the last months.

About AzurRX Biopharma Inc

AzurRx Biopharma Inc is a biopharma that develops treatments for gastrointestinal ailments. It is based in Brooklyn, New York.

July 22, 2020

Top Performers Even as Weak Consumer Sentiment Flatlines Stocks

The main indices are flat-lining in the afternoon session. The Dow has entered into negative territory while the S&P 500 and the NASDAQ have not made any gains. Sentiment has turned negative after a report came out showing that consumer sentiment weakened in the first half of July. Consumer sentiment dropped from 78.1 to 73.2 while the market was expecting it to rise to 79. This follows the increased incidence of COVID-19 cases that are threatening to derail the economic recovery. Nonetheless, there are stocks that are performing very well at the moment. Some of the top performers this afternoon are:

Verona Pharma Plc [NASDAQ: VRNA]

Verona Pharma is a top performer at the moment and is up by over 150%. Its massive rally points to increased momentum a week after the company issued equity and voting rights. On July 6^th, the company announced that it had issued 55,000 ordinary shares for 5 pence each. The company stated that after the issuance it would have a 106, 536,006 shares in total. Earlier along in May, the company stated that it had received written comments from the FDA with regards to its phase-2 for nebulized ensifentrine, the company’s chronic obstructive pulmonary disease. With such progress, activity on this stock could remain strong in the near-term.

Salem Media Group Inc [NASDAQ: SALM]

Salem Media Group Inc is another top performer this afternoon. It is currently up by 42.81% and is outpacing most of the market. While there is no major news about it today, the stock has had a series of major news in the past two weeks that are giving it momentum. At the beginning of the month, the company released its Q1 of 2020, and while most metrics were down due to the COVID-19 crisis, the company noted that on a station-by-station basis, broadcast revenues rose by 0.6%. More recently on the 15^th of July, the company announced that its radio host Dr. Sebastian Gorka had been appointed by President Trump to the National Security Education Board. Such news has led to increased investor activity around this stock, as can be seen in its price action.

Vaccinex Inc [NASDAQ: VCNX]

Vaccinex Inc is another top performer this afternoon. The stock is up by 34.98% at the moment. The stock is gaining upside momentum driven by the confidence created by insider buying. On the 10^th of July, one of the company’s directors who owns over 10% of the stock bought close to $4 million worth of stock. Insider buying usually points to upcoming positive news. In the case of VCNX, the market is looking at the possible good news about the company’s 2-CLASSICAL-Lung trial for the treatment of lung cancer.

Top Performers Even as Weak Consumer Sentiment Flatlines Stocks

The main indices are flat-lining in the afternoon session. The Dow has entered into negative territory while the S&P 500 and the NASDAQ have not made any gains. Sentiment has turned negative after a report came out showing that consumer sentiment weakened in the first half of July. Consumer sentiment dropped from 78.1 to 73.2 while the market was expecting it to rise to 79. This follows the increased incidence of COVID-19 cases that are threatening to derail economic recovery. Nonetheless, there are stocks that are performing very well at the moment. Some of the top performers this afternoon are:

Verona Pharma Plc [NASDAQ: VRNA]

Verona Pharma is a top performer at the moment and is up by over 150%. Its massive rally points to increased momentum a week after the company issued equity and voting rights. On July 6^th, the company announced that it had issued 55,000 ordinary shares for 5 pence each. The company stated that after the issuance it would have a 106, 536,006 shares in total. Earlier along in May, the company stated that it had received written comments from the FDA with regards to its phase-2 for nebulized ensifentrine, the company’s chronic obstructive pulmonary disease. With such progress, activity on this stock could remain strong in the near-term.

Salem Media Group Inc [NASDAQ: SALM]

Salem Media Group Inc is another top performer this afternoon. It is currently up by 42.81% and is outpacing most of the market. While there are no major news about it today, the stock has had a series of major news in the past two weeks that are giving it momentum. At the beginning of the month, the company released its Q1 of 2020, and while most metrics were down due to the COVID-19 crisis, the company noted that on a station-by-station basis, broadcast revenues rose by 0.6%. More recently on the 15^th of July, the company announced that its radio host Dr. Sebastian Gorka had been appointed by President Trump to the National Security Education Board. Such news have led to increased investor activity around this stock, as can be seen in its price action.

Vaccinex Inc [NASDAQ: VCNX]

Vaccinex Inc is another top performer this afternoon. The stock is up by 34.98% at the moment. The stock is gaining upside momentum driven by the confidence created by insider buying. On the 10^th of July, one of the company’s directors who owns over 10% of the stock bought close to $4 million worth of stock. Insider buying usually points to upcoming positive news. In the case of VCNX, the market is looking at possible good news about the company’s 2-CLASSICAL-Lung trial for the treatment of lung cancer.

Top Performers Even as Weak Consumer Sentiment Flatlines Stocks

The main indices are flat-lining in the afternoon session. The Dow has entered into negative territory while the S&P 500 and the NASDAQ have not made any gains. Sentiment has turned negative after a report came out showing that consumer sentiment weakened in the first half of July. Consumer sentiment dropped from 78.1 to 73.2 while the market was expecting it to rise to 79. This follows the increased incidence of COVID-19 cases that are threatening to derail economic recovery. Nonetheless, there are stocks that are performing very well at the moment. Some of the top performers this afternoon are:

Verona Pharma Plc [NASDAQ: VRNA]

Verona Pharma is a top performer at the moment and is up by over 150%. Its massive rally points to increased momentum a week after the company issued equity and voting rights. On July 6^th, the company announced that it had issued 55,000 ordinary shares for 5 pence each. The company stated that after the issuance it would have a 106, 536,006 shares in total. Earlier along in May, the company stated that it had received written comments from the FDA with regards to its phase-2 for nebulized ensifentrine, the company’s chronic obstructive pulmonary disease. With such progress, activity on this stock could remain strong in the near-term.

Salem Media Group Inc [NASDAQ: SALM]

Salem Media Group Inc is another top performer this afternoon. It is currently up by 42.81% and is outpacing most of the market. While there are no major news about it today, the stock has had a series of major news in the past two weeks that are giving it momentum. At the beginning of the month, the company released its Q1 of 2020, and while most metrics were down due to the COVID-19 crisis, the company noted that on a station-by-station basis, broadcast revenues rose by 0.6%. More recently on the 15^th of July, the company announced that its radio host Dr. Sebastian Gorka had been appointed by President Trump to the National Security Education Board. Such news have led to increased investor activity around this stock, as can be seen in its price action.

Vaccinex Inc [NASDAQ: VCNX]

Vaccinex Inc is another top performer this afternoon. The stock is up by 34.98% at the moment. The stock is gaining upside momentum driven by the confidence created by insider buying. On the 10^th of July, one of the company’s directors who owns over 10% of the stock bought close to $4 million worth of stock. Insider buying usually points to upcoming positive news. In the case of VCNX, the market is looking at possible good news about the company’s 2-CLASSICAL-Lung trial for the treatment of lung cancer.

July 17, 2020

3 Stocks with Big Gains Even as Major Indexes Drop

The major indices are down in afternoon trading, continuing a trend that started pre-market. This follows weak labor data that shows that 1.3 million more people filed for unemployment claims, which is higher than industry forecasts. However, data on retail markets show that retail sales rose by 7.5% in June. This mixed picture in the market has seen most stocks tank. Nonetheless, there are stocks that have braved the bearish sentiment and are in the green at the moment. Some of the day’s biggest gainers are:

AC Immune SA [NASDAQ: ACIU]

This is a top gainer in afternoon trading and is up by 50.63% at the time of writing. This comes after the company announced that it had initiated the second dosing for its phase 1/ 2a clinical trial for ACA-35.030 for treating Alzheimer’s. The company also stated that the decision to move to higher dosing followed positive interim tolerability, safety, and immunogenicity results from its earlier dosing. The treatment is developed in partnership with Johnson & Johnson’s Janssen Pharmaceuticals. The positive response it has got from the market is driven by the fact that this is the first Alzheimer’s vaccine that is aimed at coming up with antibody response against the pTau proteins in the human brain. Smarter Analyst reported that AC Immune’s CEO stated that the treatment showed positive safety response in the elderly and was a good sign that the company was looking forward to the next dosing.

Digital Ally Inc [NASDAQ: DGLY]

Digital Ally Inc is another big mover in afternoon trading. At the time of going to press, the stock was up by 51.92%. Though it has no news today, the stock is riding on positive retail data in the day. A week ago on July 6^th, the company announced that it was launching Shield™ Cleansers commerce website due to the high market demand for the product. Its demand is premised on the fact that it is mild but more effective than most disinfectants in the market. While launching the product, the company’s CEO Stan Ross stated that COVID-19 had made disinfectants important for public safety. As the COVID-19 sustains its grip on the world economy, the demand for this company’s products will keep rising in the retail industry. This explains why it is surging in value despite the drop in prices across the board.

InnerWorkings Inc [NASDAQ: INWK]

This is another big gainer this afternoon and is up by 118.94%. Unlike the other two, there is no major news about this stock. The last time this stock had any major news was on July 16^th, when it announced that it had entered into an agreement with HH Global. Under the deal, HH Global would buy InnerWorkings at $3 in an all-cash transaction.

July 17, 2020

Category: Mid Day Movers