MannKind Corporation (NASDAQ: MNKD) investors haven’t had much to cheer about lately, with the stock down more than 80 percent in the past three years. However, this week provided investors with a bit of optimism and traders with a huge opportunity for profits.
Switch Inc. SWCH 2.65% is the latest high-profile IPO to be a huge success on Wall Street, surging 44 percent on its first day of trading Friday morning.
ACADIA Pharmaceuticals Inc. ACAD 1.92% stock initially jumped above $41 per share on Thursday after the FDA granted Breakthrough Designation to the company’s dementia-related psychosis drug candidate Pimavanserin. However, the stock quickly reversed direction as the market digested the news and was trading at under $39 in the early afternoon session as the market digests the news.
Shares of FedEx Corporation FDX 0.33% and United Parcel Service Inc. UPS 1.35% are holding up relatively well on Thursday after Bloomberg reported Amazon.com, Inc. AMZN 0.33% is testing its own delivery program called Seller Flex. Amazon has a long track record of disrupting entire businesses and crushing its competition, but shares of UPS and FedEx were both down less than 2 percent on Thursday in…
Collegium Pharmaceuticals Inc COLL 10.86% shares jumped more than 13 percent on Thursday after health insurance giant CIGNA Corporation CI 0.23% announced it will be discontinuing coverage of Purdue Pharma’s popular opioid painkiller OxyContin. Citing safety concerns about opioid abuse and addiction, CIGNA has opted instead to sign a “value-based contract” with Collegium for its abuse-deterrent oxycodone equivalent drug Xtampza ER.
Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust GBTC 4.99% is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other investors see the volatile digital currencies as simply a…
Shares of Root9B Holdings Inc RTNB crashed 43 percent on Wednesday after the stock resumed trading following a Nasdaq halt on Tuesday. In a new 8-K filing, Root9B disclosed that it has received a Staff Determination from the Nasdaq that it has been determined no longer be an operating business and is currently a “public shell.”
Equifax Inc. EFX 0.19% has endured one of the worst monthsimaginable. Yet surprisingly, the stock’s share price is holding up relatively well considering the non-stop waves of negative headlines hitting the company.
The FDA dealt yet another blow to struggling Teva Pharmaceutical Industries Ltd (ADR) TEVA 0.59% investors by approving rival Mylan N.V. MYL 0.21%’s generic version of Teva’s Copaxone multiple sclerosis drug. Analysts say generic competition was not factored into Teva’s guidance and the new drug will weigh on Teva’s sales.
Bernstein is bearish on natural gas and analyst Jean Ann Salisbury sees evidence the firm’s bearish thesis has already begun playing out in the market. Bernstein is calling for natural gas prices of $2.50/mmbtu as soon as mid-2018.