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6/1 Notable Small Cap Movers

Trade ideas in bold

Notable Gainers

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.

Notable Decliners

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.