Why Clene Shares Are Trading Lower By 20%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
In pre-market trading, shares of Evelo Biosciences, Plutonian Acquisition Corp., Humanigen, Virgin Galactic Holdings, COMSovereign Holding Corp., Nikola Corporation, FingerMotion, Cohen & Company, OpGen, and Infinity Pharmaceuticals gained significantly. Meanwhile, Applied UV, Clene Inc., Creative Medical Technology Holdings, SCWorx Corp., EdtechX Holdings Acquisition Corp. II, Leju Holdings Limited, VIQ Solutions, Tenon Medical, Verastem, and Planet Green Holdings Corp. saw their shares drop.
June 16, 2023 | 12:11 pm
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POSITIVE IMPACT
Virgin Galactic Holdings shares rose 38.7% in pre-market trading as the company announced the start of commercial spaceline operations. The company's first commercial spaceflight, 'Galactic 01,' is set to fly between June 27 and June 30.
Virgin Galactic's announcement of the start of commercial spaceline operations and the upcoming first commercial spaceflight is a significant milestone for the company. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Clene Inc. shares fell 20.1% in pre-market trading after the company reported the launch of a proposed public offering. Clene's CNM-Au8 treatment demonstrated a statistically significant reduction of plasma neurofilament light chain levels compared to placebo at 24 weeks.
Clene Inc.'s shares fell due to the announcement of a proposed public offering, which typically dilutes existing shares and can lead to a drop in stock price. However, the company's CNM-Au8 treatment showed promising results, which may help offset the negative impact of the offering in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100