STOCKS TELEGRAPH

Tag: Day Gainers

  • 3 Stocks with Big Gains Even as Major Indexes Drop

    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 6th, 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 16th, 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.

     

     

  • 3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    3 Stocks Recording Huge Gains despite Dow and NASDAQ Volatility

    It’s a mixed day for the U.S equity markets. The markets rallied in the morning, but have since shed most of those gains. The DOW and the NASDAQ have dropped mainly due to a nosedive of big tech stocks. Nonetheless, the markets have been held up by the energy and travel industries that have recorded strong gains today. Outside of these sectors, strong gains by biotech stocks that are making progress on COVID-19, and finance stocks with positive earnings are holding up the markets. Some of the big gainers at the moment are as below:

    Genetic Technologies Limited [NASDAQ:GENE]

    Gene Technologies Limited is one of the biggest gainers this afternoon and is currently up by 145.13%. This rally comes hours after the company gave an update on its COVID-19 severity tests. One of the key highlights of the update is that the company has filed for a provisional patent for its COVID-19 severity test in Australia. The company also announced that it was through with the design and initial production of the SNP panel needed for the process of the polygenic risk test aspect of the COVID-`19 severity risk tests. The company further announced that that it had held discussions with the National Association of testing authorities and the Centers for Medical and Medicaid Services for approval of its COVID-19 severity test. Given the havoc that COVID-19 has caused across the world, the market seems to be responding positively to the news by this company’s test update.

    The Goldman Sachs Group [NYSE:GS]

    Goldman Sachs is volatile this afternoon, but it is still in the green. This comes after the company released strong Q2 earnings. According to the Motley Fool, Goldman Sachs reported that total revenues in the quarter stood at $13.3 billion, an increase of 41% higher than the last financial year. This figure is also $3.54 billion higher than what analysts were projecting. The company also announced that its global market revenue rose by 93% to hit $7.18 billion.  It also announced an increase in its earnings per share from $5.81 to $6.26.

    China Finance Online Co. Limited [NASDAQ:JRJC]

    This is one of the biggest gainers this afternoon and is up by 129.86%. This follows the company’s announcement that it had entered into an agreement with Dow Jones. Under the deal, the Dow Jones will offer China Finance Online with a subset of its Chinese language newswire service.  The two will also collaborate to efficiently provide data on financial information in China. They also announced that through their partnership, they will bring together worldwide financial news from Dow Jones and China Finance Online’s data and market engagement in China.  The magnitude of the deal has excited the market as is evident in its price action.