Market-Moving News for September 7th
Portfolio Pulse from ryanfaloona@benzinga.com
Wheeler Real Estate Investment Trust (WHLR) posted Series D redemption forms on its website, causing its stock to surge by 135%. American Rebel Holdings (AREB) shares rose by 81% premarket after its subsidiary Champion Safe received a high volume of calls from customers seeking alternatives to Liberty Safe products. CymaBay Therapeutics (CBAY) announced that its drug Seladelpar achieved high statistical significance in a Phase 3 trial, leading to a 31% increase in its stock.
September 07, 2023 | 12:41 pm
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POSITIVE IMPACT
Shares of American Rebel Holdings rose by 81% premarket after its subsidiary Champion Safe received a high volume of calls from customers seeking alternatives to Liberty Safe products.
The increased demand for Champion Safe's products indicates a potential increase in sales and revenue for American Rebel Holdings, which is positive for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CymaBay Therapeutics announced that its drug Seladelpar achieved high statistical significance in a Phase 3 trial, leading to a 31% increase in its stock.
Positive results from a Phase 3 trial are a significant milestone for any pharmaceutical company, indicating that the drug is closer to potential approval and commercialization, which is positive for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Wheeler Real Estate Investment Trust posted Series D redemption forms on its website, leading to a 135% increase in its stock.
The posting of the Series D redemption forms indicates a potential return of capital to shareholders, which is generally viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100