Market Movers, June.11

8:56am, NBY following through in the premarket, up 41% on 3,189,608 shares traded.

Beyond Meat gets downgraded by JPM, down 11% at 8:56am on 715,634, Read more

Jaguar Health Inc up 70.51% on 326,050 shares traded, 8:59 am
Announced today that a “subsidiary, Napo Pharmaceuticals, Inc. (“Napo”), will receive preclinical services from the National Institute of Allergy and Infectious Diseases (“NIAID”) to support the development of lechlemer, Napo’s drug product candidate for a cholera indication”, Read more

9:07 Motus GI Holdings, Inc. up 15.38% on 407,323 shares traded after announcing it has received “510(k) clearance from the U.S. Food and Drug Administration (“FDA”) for the second-generation Pure-Vu® System (“Pure-Vu® GEN2”) to help facilitate the cleaning of a poorly prepared colon during the colonoscopy procedure”.
“Inadequate bowel preparation prior to colonoscopy remains an unmet need that affects a significant percentage of patients’ ability to receive a complete and high-quality exam. This often leads to canceled, delayed and aborted procedures, resulting in prolonged hospitalizations and increased costs for both patients and providers,” commented Jason B. Samarasena, MD FACG, Associate Clinical Professor of Medicine, Division of Gastroenterology School of Medicine, University of California Irvine. “The Pure-Vu® System provides an important solution to address the significant clinical challenges and inefficiencies associated with inadequate prep and the Pure-Vu® GEN2 provides an innovative, easy to use platform that enables a streamlined approach to the overall procedure.” Read more

 9:11am PVRB following through a little bit, up 4.35%  on 641,388 after going up 214% yesterday

9:15am, CBAY down 44% on 1,426,805 shares traded after topline 12-Week data from an ongoing phase 2b study of seladelpar in patients with Nonalcoholic Steatohepatitis. Click image below for full press release

Point 72, a Steven A. Cohen managed fund, a recently filed a 13-G stating they owned 6.3% of the class. It looks like they added if you refer to their prior 13-G filed 2/16/16

“Tableau downgraded to Neutral at BTIG on Salesforce acquisition”, thefly.com reports

Genfit S.A. down 10% on 24,008 traded at the open. Strangely an article was posted yesterday that seemed to promote the company

NBY and JAGX at the top of the volume list as of 9:55am

Sphere 3D up 20% on 1.6 million shares traded as of 10:00am. The only notable development we can see in the filings is a sale by FBC Holdings S.à r.l. one day following their quarterly report.

10:02am CTRV up 100% after announcing “that the peer-reviewed journal, PLOS ONE, has published ContraVir’s research article entitled “The Cyclophilin Inhibitor CRV431 Inhibits Liver HBV DNA and HBsAg in Transgenic Mice.” Read more

10:12am, GrubHub up 6% after Amazon exits restaurant delivery market, Read more

10:13am, Dow up 83 points

Today on CNBC’s Power Lunch, Larry Kudlow said “The U.S. economy is very strong, I think we’re in very good shape and I think we’ll maintain a 3% growth pace this year.” Read more

Dow finally breaks win steak after 6 straight days of green. CNBC reports

Stay tuned for updates!!

Follow us on twitter!!

Leave a Reply

%d bloggers like this: