Why ServisFirst Bancshares Shares Are Trading Lower By 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost in Tuesday's mid-day session. Notable gainers include SciSparc Ltd., Assembly Biosciences, Inc., and Olink Holding AB, while notable losers include Evelo Biosciences, Inc., Monte Rosa Therapeutics, Inc., and Nuvve Holding Corp. The article also mentions that ServisFirst Bancshares shares are trading lower by 6% after the company reported third-quarter earnings.
October 17, 2023 | 5:42 pm
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POSITIVE IMPACT
Assembly Biosciences, Inc. gained 120% to $1.5982 after the company and Gilead announced they entered into a 12-year partnership to advance the research and development of novel antiviral therapies.
The partnership with Gilead is a significant development for Assembly Biosciences, Inc., which has led to a surge in its share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Olink Holding AB shares climbed 65.8% to $24.84 after Thermo Fisher Scientific announced it will acquire the company.
The acquisition by Thermo Fisher Scientific is a major positive development for Olink Holding AB, leading to a significant increase in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
SciSparc Ltd. shares climbed 146.2% to $6.97 after Aegis Capital Corp. acted as exclusive placement agent on a $5.0 million private placement for SciSparc.
The private placement by Aegis Capital Corp. has significantly boosted investor confidence in SciSparc Ltd., leading to a sharp rise in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ServisFirst Bancshares, Inc. declined 6.1% to $49.65 after the company reported third-quarter earnings.
The third-quarter earnings report from ServisFirst Bancshares, Inc. did not meet investor expectations, leading to a decline in its share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100