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Tag: GENE

  • Genetic Technologies Ltd. (GENE) Keeps The Wins Coming

    Genetic Technologies Ltd. (NASDAQ: GENE) is a promising Australian biotech player that has made remarkable strides in the realm of genetic testing and risk identification. The potential this domain has to offer the wider healthcare sector is enormous. Recent developments have put this already winning player in the market spotlight.

    Generic Technologies Announces Groundbreaking Partnership

    This week the stock for Genetic Technologies Ltd. (GENE) saw a sizeable jump from $0.83 to over $1 following positive news from the company. The company officially stated that it will be entering into a strategic alliance with Qiagen NV (QGEN), and together would build a Center of Excellency within Australia. Qiagen is a giant Dutch-based bio-molecular company that could bring tremendous value to GENE. Synergistic benefits aside, Genetic Technologies could gain substantial market exposure moving forward, while also benefitting over the long term through innovation within the partnership. Moreover, GENE also stands to see significant value addition through automation, in which QGEN holds operational expertise in.

    GENE Remains Strong on the Financial Front

    In addition to the recent stellar developments announced by GENE, its performance on the financial domain remains just as impressive. It recently announced the results for its December quarter, denoting its sixth consecutive quarter of annual growth against the prior year. Its receipts from customers grew by 32% in 12 months, amounting to $2.4 million. A core driver of this excellent top-line performance relates to its improvement in the supply chain aspect of the business. In particular, the new distribution channels running in the United States have fundamentally strengthened GENE’s sales to American customers.

    Conclusion

    GENE seems to have quite a bright future, with positive news coming from all sides. Its financial prowess continues to flex muscles, while the company announces major partnerships with top global players, which are sure to bring value to its prospects. Shareholders can remain content with this winning pick.

  • What changed for these 31 stocks in Pre Market Session

    What changed for these 31 stocks in Pre Market Session

    Xenetic Biosciences Inc. (XBIO) stock plunged -15.46% to $2.68 in the pre-market trading following the company’s announcement of $6.0 million registered direct offering priced at-the-market under Nasdaq Rules. The most recent rating by Maxim Group, on January 08, 2020, is a Buy.
    Curis Inc. (CRIS), a Biotechnology company, dropped about -5.72% at $7.25 in pre-market trading Thursday after declaring the pricing of an underwritten public offering of 25,652,174 shares of its common stock at a public offering price of $5.75 per share for total gross proceeds of approximately $147.5 million.
    ZW Data Action Technologies Inc. (CNET) lost over -11.33% at $1.8 in pre-market trading Thursday December 10, 2020 after reporting the official opening of its first live streaming platform in Guangzhou, China.
    Genius Brands International Inc. (GNUS) is up more than 9.74% at $1.69 in pre-market hours Thursday December 10, 2020. The firm recently revealed that it will be presenting at the 13th Annual LD Micro investor conference on Tuesday, December 15th at 10:00 a.m. PST / 1:00 p.m. EST. The stock had dropped over -4.35% to $1.54 in the last trading session.
    Rocket Companies Inc. (RKT), a Mortgage Finance company, rose about 3.09% at $21.71 in pre-market trading Thursday following the release of Clear HOI platform from its subsidiary to mortgage lenders nationwide.
    Intec Pharma Ltd (NTEC) stock moved down -7.76 percent to $4.28 in the pre-market trading. Intec Pharma Announces Cannabinoid Research Collaboration with GW Pharma.
    Atossa Therapeutics Inc. (ATOS) gained over 2.31% at $0.8919 in pre-market trading Thursday December 10, 2020 after revealing cannabinoid research collaboration with GW Pharma.
    Nano Dimension Ltd. (NNDM) is up more than 2.25% at $6.82 in pre-market hours Thursday December 10, 2020 following the declaration from the company that it has closed the registered direct offering of 30,000,000 of the Company’s American Depositary Shares at a price of $6.00 per ADS. The stock had dropped over -6.06% to $6.67 in the last trading session.
    Before the trading started on December 10, 2020, Sorrento Therapeutics Inc. (SRNE) is down -2.44% to reach $8.01 following the FDA acceptance of its Investigational New Drug (IND) application for its Phase 1 clinical trials for intravenous (IV) STI-2020 (COVI-AMG). It has been trading in a 52-week range of $1.55 to $19.39.
    Genetic Technologies Limited (GENE) stock plunged -9.17% to $4.06 in the pre-market trading.
    Greenwich LifeSciences Inc. (GLSI) grew over 46.76% at $83.8 in pre-market trading today after reporting the publication of a poster for the GP2 Phase IIb clinical trial final efficacy analysis at the San Antonio Breast Cancer Symposium in a virtual format.
    Lipocine Inc. (LPCN), a Biotechnology company, dropped about -5.3% at $1.25 in pre-market trading Thursday after announcing that the U.S. Food and Drug Administration has granted tentative approval to TLANDO.
    SELLAS Life Sciences Group Inc. (SLS) stock moved up 51.8 percent to $9.7 in the pre-market trading. The biotechnology firm recently revealed exclusive license agreement with 3D Medicines for development and commercialization of Galinpepimut-S (GPS) and GPS+ in Greater China.
    Francesca’s Holdings Corporation (NASDAQ: FRAN) shares are trading down -10.68% at $2.51 at the time of writing after receiving court approval of “First Day” motions to support ongoing operations. Company’s 52-week ranged between $1.70 to $19.91. Analysts have a consensus price target of $2.50.
    Oncternal Therapeutics Inc. (ONCT) tumbled over -27.78% at $4.55 in pre-market trading today after announcing that the firm increased its previously declared bought deal to $75.0 million.
    Gran Tierra Energy Inc. (GTE) is down more than -2.83% at $0.35 in pre-market hours Thursday December 10, 2020. The company recently declared a financial update and the Company’s 2021 capital budget and production guidance. The stock had dropped over -5.68% to $0.36 in the last trading session.
    Before the trading started on December 10, 2020, Fisker Inc. (FSR) is down -4.04% to reach $16.15. The firm recently confirmed that it has signed agreements with Cox Automotive U.K. (“Cox”) and Rivus Fleet Solutions for delivery, servicing, fleet management and reselling programs in the United Kingdom. It has been trading in a 52-week range of $8.70 to $23.63.
    Immutep Limited (IMMP) stock soared 89.35% to $4.09 in the pre-market trading after declaring that its Chinese partner, EOC Pharma will commence a new Phase II clinical trial in up to 152 metastatic breast cancer patients in China. The most recent rating by B. Riley FBR, on September 28, 2018, is a Buy.
    Remark Holdings Inc. (MARK), a Internet Content & Information company, rose about 3.09% at $1.67 in pre-market trading Thursday after reporting that Remark’s KanKan AI business successfully released its edge computing systems, the S and T Series Smart Boxes.
    Baidu Inc. (BIDU) gained over 2.42% at $155.26 in pre-market trading Thursday December 10, 2020. The firm recently released new intelligent vehicle solutions for automakers and several high-end intelligent driving products during the second Apollo Ecosystem Conference.
    Before the trading started on December 10, 2020, Editas Medicine Inc. (EDIT) is up 9.13% to reach $55.2 after reporting submission of IND application for EDIT-301 with the FDA. It has been trading in a 52-week range of $14.01 to $43.65.
    Artelo Biosciences Inc. (ARTL) stock plunged -2.47% to $0.66 in the pre-market trading. The healthcare firm recently declared that it has filed a composition of matter patent application directed to a new solid dosage formulation, including its method of use, with the UK Patent Office.
    AquaBounty Technologies Inc. (NASDAQ: AQB) shares are trading down -17.07% at $7.19 at the time of writing following the selection of Innovasea as the Recirculating Aquaculture Systems (“RAS”) technology provider for its planned 10,000 metric ton farm. Company’s 52-week ranged between $1.52 to $11.40. Analysts have a consensus price target of $5.
    Pluristem Therapeutics Inc. (PSTI) lost over -5.57% at $6.61 in pre-market trading Thursday December 10, 2020 after declaring DMC recommendation following interim analysis of its phase III CLI study.
    Before the trading started on December 10, 2020, Veru Inc. (VERU) is up 25.96% to reach $4.9 after reporting that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer. It has been trading in a 52-week range of $2.10 to $4.74.
    Uranium Energy Corp. (AMEX: UEC) shares are trading down -4.32% at $1.33 at the time of writing. Company’s 52-week ranged between $0.35 to $1.59. Analysts have a consensus price target of $1.50.
    Boxlight Corporation (BOXL), a Communication Equipment company, rose about 7.23% at $1.78 in pre-market trading Thursday. The firm recently confirmed that they are the recipients of three THE Journal’s Best New EdTech Product Awards.
    Regulus Therapeutics Inc. (RGLS) stock moved up 19.34 percent to $1.07 in the pre-market trading. The company lately announced closing of $19.4 million private placement of equity.
    Before the trading started on December 10, 2020, Sea Limited (SE) is down -3.3% to reach $196.0 after reporting that it proposes to offer 11,000,000 American Depositary Shares, each representing one Class A ordinary share of the Company, in an underwritten public offering. It has been trading in a 52-week range of $35.61 to $207.51.
    Barclays PLC (NYSE: BCS) shares are trading down -3.85% at $7.5 at the time of writing. The firm recently revealed the launch of BARX Book for Equities, a new single-dealer platform developed in partnership with Nasdaq (Nasdaq: NDAQ). Company’s 52-week ranged between $3.41 to $10.22.
    Qualigen Therapeutics Inc. (QLGN) stock moved up 13.85 percent to $4.44 in the pre-market trading. The company recently announced board member Amy Broidrick as EVP, Chief Strategy Officer and named Sidney Emery, Jr. to its board.

  • 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.