Exicure Stock Is Soaring After The Bell: What's Driving The Action?
Portfolio Pulse from Adam Eckert
Exicure Inc (NASDAQ:XCUR) shares soared in after-hours trading following an announcement of a Nasdaq listing extension. The company must comply with listing criteria by Nov. 14. Exicure recently regained compliance with Nasdaq's minimum bid price and converted $1 million of debt to equity. The stock, a low-float micro-cap, more than doubled, reaching new 52-week highs.
September 18, 2024 | 8:51 pm
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Exicure Inc's stock surged over 200% in after-hours trading after receiving a Nasdaq listing extension. The company must meet compliance by Nov. 14. The stock's low float contributed to its volatility.
The extension from Nasdaq is crucial for Exicure's continued listing, which is positive news for the stock. The recent compliance with the minimum bid price and debt conversion to equity are also favorable developments. The low float nature of the stock explains the significant price movement.
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