Gold Moves Lower; TransCode Therapeutics Shares Surge
Portfolio Pulse from Lisa Levin
U.S. stocks traded mixed with the Nasdaq Composite trading higher and the Dow trading down. TransCode Therapeutics shares surged 218% after announcing pre-clinical gliblastoma results. ESS Tech shares rose 24% after Honeywell International entered into a strategic collaboration with ESS Tech. Biophytis shares gained 54% after announcing a partnership agreement for the production of Sarconeos for severe forms of Covid-19. SCYNEXIS shares dropped 34% after recalling BREXAFEMME and halting clinical studies. Brainstorm Cell Therapeutics shares were down 33% after the FDA said there is insufficient evidence to support the company's ALS therapy. Morphic Holding shares fell 37% after BTIG downgraded the stock from Buy to Neutral.
September 25, 2023 | 6:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Brainstorm Cell Therapeutics shares were down after the FDA said there is insufficient evidence to support the company's ALS therapy.
Negative comments from the FDA regarding a company's therapy is a negative signal for the company, which could lead to decreased investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morphic Holding shares fell after BTIG downgraded the stock from Buy to Neutral.
A downgrade from an analyst is a negative signal for the company, which could lead to decreased investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SCYNEXIS shares dropped after recalling BREXAFEMME and halting clinical studies.
The recall of a product and the halting of clinical studies is a negative signal for the company, which could lead to decreased investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Biophytis shares gained after announcing a partnership agreement for the production of Sarconeos for severe forms of Covid-19.
The announcement of a partnership for the production of a potential treatment for severe forms of Covid-19 is a positive signal for the company, which could lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
ESS Tech shares rose after Honeywell International entered into a strategic collaboration with ESS Tech.
Strategic collaborations often lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TransCode Therapeutics shares surged after announcing pre-clinical gliblastoma results.
The announcement of positive pre-clinical results is a strong positive signal for the company, which could lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100