Why VBI Vaccines Are Trading Lower By Over 23%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
The article lists the top gainers and losers in pre-market trading. Notable gainers include Akumin Inc., Mullen Automotive, and Micromobility.com Inc. On the other hand, Allarity Therapeutics, VBI Vaccines, and Tattooed Chef are among the biggest losers. The article also mentions several other companies that experienced significant changes in their stock prices.
July 06, 2023 | 12:04 pm
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NEGATIVE IMPACT
VBI Vaccines shares fell 23.5% in pre-market trading after the company announced the expansion of their hepatitis B partnership and a proposed concurrent public offering and registered direct offering of common shares and warrants.
The announcement of a public offering can lead to a decrease in the stock price, as it dilutes the value of existing shares. The expansion of the hepatitis B partnership may also be seen as a risky move, leading to decreased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Akumin Inc. shares surged 58.2% in pre-market trading after recently naming Krishna Kumar as President and COO.
The appointment of a new President and COO is a significant event for a company, which can lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mullen Automotive shares gained 52.8% in pre-market trading after the company announced the retention of a law group to investigate possible naked short selling.
The announcement of an investigation into possible naked short selling can lead to increased investor confidence and a rise in the stock price, as it shows the company is taking steps to protect its shareholders.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100