A down day with declines exceeding advances by more than 2: 1 and NYAD line turning down is not a good sign at this important junction where it is still unclear if we will go on to new highs in major U.S. equity indexes or turn down and retest or even exceed the lows from the recent 10% correction. VIX was also up >5% today indicating risk-off environment. The Dow Transports had some positive divergence at the close and seem to be leading.
So, now we know why Wave Lifesciences (WVE), Singapore based biotech has more than doubled recently. Japanese giant Takeda out-licensed Wave's proprietary RNA technology in various neurodegenerative diseases like amyotrophic lateral sclerosis, Huntington's disease and even possible application in Alzheimer's disease. Takeda even agreed to buy 60 million Wave shares at $54.70/each (that is right, a $3.2 billion equity investment) plus the potential for $2 billion in additional milestone payments. On background for why this early clinical stage biotech company is attracting so much attention, Wave claims that its 'stereopure' oligonucleotides are expected to have higher efficacy and safety than the currently available oligonucleotide technologies which are 'stereorandom'. Per Wave's 10-Q, a stereopure oligonucleotide is comprised of "molecules with atoms precisely arranged in three-dimensional orientations at each linkage". Preclinical studies have shown that Wave's approach has some ground and considering that it is addressing diseases with large addressable markets (compare its $1.4 B market cap to Sarepta's $4.5B market cap, which has exondys51, oligonucleotide compound approved in Duchenne muscular dystrophy, Wave is also targeting DMD and retains all its rights). Wave claims that its technology is addressing about 25 million patients across various disorders. Here is a paper that Wave scientists published last year on its stereopure oligonucleotide technology.
Top Tech Stocks To Watch For 2019: Arista Networks, Inc.(ANET)
Advisors' Opinion:- [By Timothy Green]
Shares of Arista Networks (NYSE:ANET) slumped on Friday after the networking hardware company reported its first-quarter results. While Arista beat analyst estimates for both revenue and earnings, guidance calling for a slowdown in revenue growth and gross margin deterioration seems to have overshadowed an otherwise positive report. As of 11:25 a.m. EDT, Arista stock was down about 9.2%.
- [By Billy Duberstein]
Data center switching upstart Arista Networks (NYSE:ANET) is more open-source; incumbent switch maker Cisco (NASDAQ:CSCO), perhaps due to its front-runner status as a legacy business from the 1990s, has stayed more "closed."
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Fluor Corporation (NYSE: FLR) fell 13.4 percent to $51.10 in pre-market trading after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year. Integrated Media Technology Limited (NASDAQ: IMTE) fell 9.8 percent to $28.97 in pre-market trading after surging 46.29 percent on Thursday. Gogo Inc. (NASDAQ: GOGO) shares fell 8.2 percent to $8.81 in pre-market trading after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow. Sharing Economy International Inc. (NASDAQ: SEII) shares fell 7.5 percent to $3.98 in pre-market trading after climbing 22.16 percent on Thursday. Arista Networks, Inc. (NYSE: ANET) fell 7.4 percent to $248.00 in pre-market trading following first-quarter earnings. Web.com Group, Inc. (NASDAQ: WEB) fell 6.7 percent to $18.00 in pre-market trading after reporting Q1 results. Varex Imaging Corporation (NASDAQ: VREX) fell 5.2 percent to $34 in pre-market trading after reporting Q2 results. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) shares fell 5.2 percent to $7.60 in pre-market trading after dropping 3.02 percent on Thursday. AMN Healthcare Services, Inc (NYSE: AMN) shares fell 4.7 percent to $61.70 in pre-market trading following Q1 earnings. HSBC Holdings plc (NYSE: HSEA) fell 4.6 percent to $25.15 in pre-market trading after reporting Q1 results. Stratasys Ltd. (NASDAQ: SSYS) shares fell 4 percent to $16.66 in pre-market trading after dropping 2.86 percent on Thursday. Melco Resorts & Entertainment Limited (NASDAQ: MLCO) fell 4 percent to $30.65 in pre-market trading. Century Aluminum Co (NASDAQ: CENX) fell 4 percent to $15.76 in pre-market trading following Q1 results. HSBC Holdings plc (NYSE: HSBC) shares fell 3.5 percent to $48.10 in pre-market tr
Top Tech Stocks To Watch For 2019: Glu Mobile Inc.(GLUU)
Advisors' Opinion:- [By Max Byerly]
These are some of the news headlines that may have impacted Accern’s scoring:
Get Glu Mobile alerts: Head-To-Head Comparison: Glu Mobile (GLUU) & Perficient (PRFT) (americanbankingnews.com) Glu Mobile (GLUU) Presents at Canaccord Genuity 38th Annual Growth Conference – Slideshow (seekingalpha.com) Is This Glu Mobile Inc. (GLUU)- Stock Fundamentally Strong? – Price to Book (P/B) Ratio Analysis (topdesertsafari.com) Risk Factors under Consideration – Glu Mobile Inc. (NASDAQ:GLUU) (guruobserver.com) Stocks Gigantic Turns: Mallinckrodt Public Limited Company (NYSE:MNK), Glu Mobile Inc. (NASDAQ:GLUU), Visa Inc … (stocksnewspoint.com)GLUU has been the topic of several research analyst reports. ValuEngine upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. BidaskClub upgraded Glu Mobile from a “hold” rating to a “buy” rating in a research note on Tuesday, April 17th. Stifel Nicolaus raised their price objective on Glu Mobile from $4.75 to $5.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Benchmark raised their price objective on Glu Mobile from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research cut Glu Mobile from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Glu Mobile currently has an average rating of “Buy” and an average target price of $6.14.
- [By Rick Munarriz]
Shares of Glu Mobile (NASDAQ:GLUU) hit another two-year high on Wednesday. The mobile games publisher has been on a roll since posting blowout financial results last week. The stock moved 22% higher last week, and it has soared 171% since the start of last year.
- [By Rick Munarriz]
Zoe's Kitchen (NYSE:ZOES), Sogou (NYSE:SOGO), and Glu Mobile (NASDAQ:GLUU) are three names currently trading on the wrong side of $10, but their prospects are brighter than their sticker prices. Let's go over why they may be among the top stocks under $10.
- [By Jamal Carnette, CFA]
Although it's far beneath Wall Street's radar, Glu Mobile (NASDAQ:GLUU) stock has quietly had an amazing year. On a year-over-year basis, shares of the mobile app game developer have advanced 120% versus 19% for the Russell 2000 small-cap index. Still, it would be a folly to call Glu Mobile's public-market performance a success. Shares are down 45% since its 2007 IPO, while the index has increased 140%.
- [By Steve Symington]
Shares of Glu Mobile Inc. (NASDAQ:GLUU) fell more than 12% on Monday after ROTH Capital analyst Darren Aftahi downgraded the free-to-play mobile game specialist to neutral from buy. He also reduced his per-share price target on Glu Mobile by a quarter to $8, marking a more modest premium from Friday's closing price of $7.20.
- [By John Ballard]
After taking a breather in July, shares of mobile-game maker Glu Mobile (NASDAQ:GLUU) resumed their rapid ascent in August. The latest jump followed an encouraging second-quarter earnings report that showed the company inching closer to turning a profit. Revenue jumped 31.2% year over year to $90.2 million, while the game maker's net loss narrowed from $23.6 million a year ago to $4.4 million in the last quarter.
Top Tech Stocks To Watch For 2019: Netlist, Inc.(NLST)
Advisors' Opinion:- [By Shane Hupp]
These are some of the news headlines that may have impacted Accern’s scoring:
Get Acacia Research alerts: Thrashing Stocks: Netlist, Inc. (NASDAQ:NLST), Vitamin Shoppe, Inc. (NYSE:VSI), Acacia Research Corporation … (thestreetpoint.com) Form DEFA14A ACACIA RESEARCH CORP (streetinsider.com) Acacia Research Corporation Board of Directors Issues Letter to Stockholders (markets.financialcontent.com) Have a sight on these: Yamana Gold Inc. (NYSE:AUY), Acacia Research Corporation (NASDAQ:ACTG), Navios … (journalfinance.net) Stocks in the Spotlight: Gold Fields Limited (NYSE:GFI), Acacia Research Corporation (NASDAQ:ACTG), China … (journalfinance.net)Several equities analysts have recently weighed in on ACTG shares. Zacks Investment Research downgraded shares of Acacia Research from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. ValuEngine downgraded shares of Acacia Research from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, TheStreet downgraded shares of Acacia Research from a “c-” rating to a “d” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.67.
- [By Stephan Byrd]
Netlist, Inc. (NASDAQ:NLST)’s share price traded down 6.3% during trading on Tuesday . The stock traded as low as $0.17 and last traded at $0.17. 2,960 shares changed hands during trading, a decline of 100% from the average session volume of 2,102,591 shares. The stock had previously closed at $0.16.
- [By Money Morning Staff Reports]
On Tuesday (Sept. 11), Netlist Inc. (Nasdaq: NLST) closed out a 542% gain on news that courts litigating a patent lawsuit involving Netlist had ruled in the firm's favor.
- [By Stephan Byrd]
Netlist, Inc. (NASDAQ:NLST) shares reached a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $0.13 and last traded at $0.12, with a volume of 3655 shares trading hands. The stock had previously closed at $0.12.
Top Tech Stocks To Watch For 2019: GRAVITY Co. Ltd.(GRVY)
Advisors' Opinion:- [By Max Byerly]
ILLEGAL ACTIVITY WARNING: “Gravity (GRVY) Receives Coverage Optimism Score of 0.17” was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3382037/gravity-grvy-receives-coverage-optimism-score-of-0-17.html.
- [By Cooper Creagan]
For example, if you had taken five minutes to set up a Night Trade on Gravity Co. (Nasdaq: GRVY) in October, you could've tripled your money, and then some.
- [By Joseph Griffin]
BidaskClub upgraded shares of Gravity (NASDAQ:GRVY) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.
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