Why Seelos Therapeutics Shares Are Trading Lower By 10%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Seelos Therapeutics shares are trading lower by 10% in pre-market trading. Other stocks moving premarket include QualTek Services, Wearable Devices, Atento, Bluejay Diagnostics, Gaotu Techedu, Lexicon Pharmaceuticals, Iovance Biotherapeutics, Rigetti Computing, and Recruiter.com Group.
May 30, 2023 | 12:12 pm
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NEGATIVE IMPACT
Seelos Therapeutics shares are trading lower by 10% in pre-market trading after Nasdaq provided notice that the company has not regained compliance with rule 5550(A)(2).
Seelos Therapeutics' failure to regain compliance with Nasdaq rule 5550(A)(2) is a negative development for the company, which could lead to potential delisting. This news is likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100