Category: Trading Advice
Trading Advice

PEDEVCO Corp. (PED) Stock had a Robust Thursday, Here’s the Reason

PEDEVCO Corp. (PED), an oil and gas company, is trading at $1.16 in the premarket trading session at the time of the writing. On Thursday, PED surged 5.45% during the regular trading session and closed the day at $1.16. The surge could be attributed to the completion of drilling of two wells. Why PED Surged? On Thursday, PED announced the completion of the drilling of two new horizontal wells in the Permian Basin Asset. The lateral length of each of the wells is landing 100% in the target zone, which is upper San Andre’s zone. The first well, namely State 402H, had
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Data Storage Corp. (DTST) Stock Soared on Wednesday, Here’s the Reason

Data Storage Corp. (DTST), a company that provides multi-cloud information technology solutions, has declined 3.63% in aftermarket trading session. Consequently, DTST stock is trading at $3.98 at the time of the writing. The decline could be attributed to the profit-taking effect after the stock surged 33.23% during Wednesday’s regular trading session and closed the day at $4.13. The reason for the surge was a contract by the company. Why DTST Surged? On Wednesday, DTST announced that its wholly-owned subsidiary, namely Flagship Solutions Group, has been awarded a multi-million dollar contract with one of the leading and most recognized professional sports teams
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SMART Global Holdings, Inc. (SGH) Stock in Decline, Here’s the Potential Cause

SMART Global Holdings, Inc. (SGH), a company that designs and manufactures speciality solutions for the computing, memory, and LED markets, has declined 5.98% in aftermarket trading session. Consequently, SGH stock is trading at $68.37 at the time of the writing. The decline could potentially be attributed to the announcement of quarterly results. On Tuesday, SGH stock nominally declined by 0.38% during the regular trading session and closed the day at $72.72. SGH Q1 2022 Operational Results On Tuesday, SGH released the operational results for the first quarter of the fiscal year 2022. The quarter ended on 26th November 2021. The company generated
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Here’s Why DHT Holdings, Inc. (DHT) Stock Rose on Monday

DHT Holdings, Inc. (DHT), a company that owns and operates crude oil tankers, has slightly increased by 0.0019% in aftermarket trading session. Consequently, DHT stock is trading at $5.38 at the time of the writing. On Monday, the stock closed the day at $5.38 after increasing by 3.66% during the regular trading session. The increase came as a result of the announcement of share buyback. Why DHT Rose? On Monday, DHT announced that the company had purchased 561,111 shares of its own. That comprises about 0.3% of its outstanding shares. The shares were purchased at the average share price of $5.2848 in
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Akari Therapeutics, Plc (AKTX) Stock Sliding in Aftermarket Trading Session

 Akari Therapeutics, Plc (AKTX), a clinical-stage biopharmaceutical company, has plunged 11.33% in aftermarket trading session. As a result, AKTX stock is trading at $1.33 at the time of the writing. On Friday, AKTX closed the day at $1.50 after surging by 8.70% during regular trading hours. The last press release from the company was about the registered direct offering. AKTX into Definitive Agreement On Thursday, AKTX announced that it had entered into a definitive agreement with the institutional investors to receive the gross proceeds of $6 million approximately. The investors were led by existing investors of the company. In connection with
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Iteos Therapeutics, Inc. (ITOS) Stock Leaping Forward in Aftermarket, Here’s the Reason

 Iteos Therapeutics, Inc. (ITOS), a clinical-stage biopharmaceutical company, has surged 6.94% in aftermarket trading session. Consequently, ITOS stock is trading at $49.79 at the time of the writing. The surge could be attributed to the announcement of ITOS addition to S&P SmallCap 600. On Friday, ITOS closed the day at $46.56 after declining 2.49% during the regular trading session. Why ITOS Surging? On Friday, the news came that ITOS would replace Magellan Health Inc. (MGLN) in the S&P SmallCap 600. The joining would become effective from the 5th of January 2022. MGLN is being acquired by S&P 500 constituent Centene Corp. Q3

LBPS Stock
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ADDvantage Technologies Group, Inc. (AEY) Stock on a Rise, Here’s the Reason

 ADDvantage Technologies Group, Inc. (AEY), a company that distributes and services electronics and hardware for the telecommunications industry, has gained an increase of 1.74% in the premarket trading session. Consequently, AEY stock is trading at $1.75 at the time of the writing. On Thursday, AEY closed the day at $1.72 after increasing by 2.38% during regular trading hours. The consistent increase could be attributed to the expansion in line of credit. Why AEY Rising? On Thursday, AEY announced that it had signed amendments to its credit facilities. The company took this step for its Teleco and Wireless Business Segments. The company has
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BiondVax Pharmaceuticals Ltd. (BVXV) Stock on a Rise, Here’s the Reason

BiondVax Pharmaceuticals Ltd. (BVXV), a development-stage biopharmaceutical company, has surged 12.50% in the premarket trading session. Consequently, BVXV stock is trading at $2.61 at the time of the writing. The surge could be attributed to the successful closing of an underwritten offering of ADSs. On Wednesday, BVXV closed the day at $2.32 after sliding 6.83% during regular trading hours. Why BVXV Surging? On Wednesday, BVXV announced the closing of an underwritten public offering of 4,144,068 American Depositary Shares (ADSs). The public offering price for the shares was placed at $2.36 per ADS. The company estimated the gross proceeds from the offering to
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Reliance Global Group, Inc. (RELI) Stock on a Continuous Decline, Here’s the Reason

Reliance Global Group, Inc. (RELI), a company engaged in the acquisition and management of wholesale and retail insurance agencies, has declined 5.09% in aftermarket trading session. Consequently, RELI stock is trading at $4.1 at the time of the wiring. On Thursday, RELI closed the day at $4.32 after plunging 10.74% in the mid-day session. The consistent decline could be attributed to the announcement of the private placement. Why RELI Declining? On Thursday, RELI announced a private placement of preferred stock, common stock and warrants. The gross proceeds from the placement were estimated to be $20.0 million before deducting the placement agent’s fees
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Can-Fite BioPharma Ltd. (CANF) Stock on a Slide After a Robust Monday, Here’s Why

Can-Fite BioPharma Ltd. (CANF), a clinical-stage biopharmaceutical company, has plunged 13.49% during the aftermarket trading session. As a result, CANF stock is trading at $1.86 at the time of the writing. The decline could be attributed to the profit-taking factor after CANF rocketed 69.29% during Monday’s regular trading session and closed the day at $2.15. The surge has come after the company announced the exercise of warrants for the cash proceeds. Why CANF Rising? On Monday, CANF announced an agreement by a health-care focused institutional investor. The agreement was to exercise certain warrants to purchase up to an aggregate of 150,000,000 ordinary

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