Trade ideas in bold
XBIT +27% Stock rebounded as expected. The negative CHMP opinion 2 weeks ago was an expected outcome, shouldn't have fallen from that. Up on report that the study's primary endpoint was hit.
CMBG +24% Up from announcement of a stock repurchase program. However, this is odd. It's a clinical stage biotech, don't they need to raise money? This is likely smoke and mirrors. Watch for a fade tomorrow.
NERV +21% Up on new deal with Janssen for its insomnia drug.
MBOT +20% Continued to go up just based on a patent approval. Expect a big fade tomorrow.
SHLO +19% Up on positive earnings.
LTBR +18% Up on patent news. Patent news usually fades right away, but seeing what happened with MBOT, up 2 days straight, this could run for another day.
CUR +17% Up on 2.5 times average volume. No news why it's up, is a microcap biotech. Is easily moved.
CIEN +16% Up on good earnings. Is a telecom company.
NBEV +14% Up on closing of an acquisition.
IMMY +13% No news explaining why it's up.
TGNA -35% Down from spinning off Cars.com.
EXPR -19% Down after bad quarter and guidance.
NEOT -18% Is a nanocap biotech company.
TANH -14% A microcap mining company. No news explaining why it's down.
NBRV -10% Down on no news.
SBGL - 9% Reached 52 week lows today. This is 2 weeks after the big drop from having a highly discounted equity offering on 5/19.
MEIP -8% Microcap bio. Retraced a little today after having a big week runup.
CBIO -8% Down on no news.
TRT -8% Down on no news.
VRA -7% Down on underperformed earnings.