Market Movers, July. 23rd

7:07am, Dow futures up 102 points

CHMA announces positive top line results for Mycapssa®, a maintenance treatment for adults with acromegaly. Up 22% as of 7:19am on 176,237 shares traded. Read more

7:58am RLGY up 31% on 1,278,987 shares traded after announcing the launch of Turnkey, a service that simplifies the process of finding and settling into a new home. The project is part of a collaboration with Amazon’s Home Services and smart home products. Read more at thefly.com

Some strong ownership there; 85%. A lot of heavy hitters.

8:18am, 3,111,586 shares traded now. This will make a good trade today

$RLGY website took awhile to load. Had to try about 7 times. Probably seeing a sharp rise in traffic this morning. That volume is moving fast

filed 2/14/19 
 filed 5/10/19.  They raised the ante 

114,213,121 shares outstanding

 8:46am, 4,585,663 shares traded now

CHMA ownership

“Coca-Cola raises revenue forecast after earnings beat, sending shares higher”, CNBC reports

“IMF lowers its global economic growth forecast again as risks remain to the ‘downside”, CNBC reports

“Brexit leader Boris Johnson wins race for UK prime minister”, Read more

CNBC: “Stifel upgraded Snap to buy from hold and hiked its price target to $17 from $13”.  Read more

 9:17am, SNAP up 3.4% on 779,879 shares traded so far

9:18am RLGY trading volume is now 5,843,935

 9:22am, DFFN up 13.6% on 195,456 shares traded after reporting favorable safety data for dose-escalation run-in of Phase 3 INTACT Study in Glioblastoma Multiforme patients. Read more

DFFN light DD

CCUR Holdings, Inc. wrote an interesting letter to the CBIO’s board yesterday. (link: https://www.secinfo.com/ds498.y1Vv.d.htm) secinfo.com/ds498.y1Vv.d.h…

GNC down 6% after reporting decreased revenue and same store sales after market close yesterday. Click the image below for the full report

RLGY trading 16,464,684 shares at 10:40, pulled back to $5.88, currently up 13%

Aerospace giant United Technologies reports earnings and revenue that beat analysts’ estimates and it raises its full-year guidance”. TheStreet reports

” Investors could not be any more confident that the Federal Reserve will cut interest rates when its Federal Open Market Committee meets for two days on July 30–31. The CME FedWatch tool puts the probability of a rate cut at 100%. The only question market traders have now is how big the cut will be. Three in four traders expect a rate cut of 0.25%; one in four think the Fed will double up, cutting rates by 0.50%”. CNBC reports

Good RLGY article from Nov.03, 2017 explaining why it fell.

courtesy tradingview

“Innovative Industrial Properties, Inc. (IIPR) announced today it will report results for its second quarter ended June 30, 2019 after the market closes on Wednesday, August 7, 2019″. Business Wire reports . It is currently down 9% as of 11:12am on 783,172 shares traded. Investors will most likely have pretty high standards considering how much the share price has appreciated over this short time frame.

It’s currently at a fib line though, with a nice triangle formed near a consolidation point, but it still feels very risky right now. They could do another equity offering and the float is still very low. Earnings have increased steadily with each report, but again, standards are probably much higher at these levels, and they have missed analyst estimates a few times recently

courtesy tradingview

OBLN registers shares after market close yesterday at 5:28pm, then follows through today with this press release: “Obalon Enters Into Commercial Lease for its First Company-Owned Retail Weight Loss Center”. Link

12:15pm, TransUnion up 9% on 2,675,386 shares traded after beating on earnings. The the image below for the full report. Courtesy Globenewswire

CNBC: “Coca-Cola CEO: ‘The storm never arrived’ as beverage giant raises revenue forecast”, Read more

Stay tuned for updates!

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