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Globus Maritime GLBS Stock News

Globus Maritime Ltd (NASDAQ: GLBS)

Globus Maritime has had an incredible time in the market as of late. In fact, over the past two trading sessions, the stock has closed the day off well into the green. Now, it looks like the run is going to go for a third. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching with regard to GLBS ahead.





What We’re Seeing From GLBS

As mentioned above, Globus Maritime is having an incredibly strong time in the market lately. Closing with strong gains on Tuesday and Wednesday, the stock is looking to close the day in the green yet again today. Currently (10:14), GLBS is trading at $7.37 per share after a gain of $0.59 per share or (8.70%) thus far today.

Why The Stock Is Edging Upward

The truth is that shipping stocks as a whole have been crazy to watch lately, they’ve climbed big, fallen big, and repeated. However, there’s a good reason for this movement. Recently, the Baltic Dry Index, the index that tracks shipping sector conditions, has skyrocketed! This is great news for GLBS and others, as it likely means that demand and pricing is going to rise in the shipping sector.











Another big factor here is the fact that Donald Trump seems to be working to make good on his promises. If he does make good on some of his larger promises, we’ll seen changes to trade agreements early on. These changes will likely help the shipping sector. As a result, Globus Maritime and others in the sector are getting a boost from the Donald Trump win as well.

What We’ll Be Watching Ahead

Moving forward, we’ll be keeping a close eye on GLBS. First and foremost, we’re going to be watching the shipping sector as a whole, including stories like the Baltic Dry Index and Donald Trump’s plans. Nonetheless, we’ll also be watching for company-specific news. When the story breaks, we’ll be sure to bring the news to you!

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Sarepta Therapeutics SRPT Stock News

Sarepta Therapeutics Inc (NASDAQ: SRPT)

Sarepta Therapeutics isn’t having the strongest of days in the market today. However, that may change relatively soon. Early this morning, the CNA Finance team dug up some great news on the stock. Below, we’ll talk about what we’re seeing from the stock, the news the team dug up, and what we’ll be watching for with regard to SRPT ahead.





What We’re Seeing From SRPT

As mentioned above, Sarepta Therapeutics isn’t off to the best of starts in the market today. In fact, the stock has been declining since the opening bell, falling further and further into the red. At the moment (10:01), SRPT is trading at $33.03 per share after a loss of $1.23 per share (3.59%) thus far today.

Why The Stock May Head Up Relatively Soon

As mentioned above, the CNA Finance team dug up an overwhelmingly positive bit of news surrounding SRPT this morning. That news has to do with insurance coverage of Exondys 51. In fact, news came down the wire this morning that United Health will be covering the treatment.











According to the release, Exondys 51 will be covered at United Health starting on February 17th. That’s huge news for Sarepta Therapeutics, as a big piece of the sales process when it comes to medication is insurance coverage. This news brings a new pool of potential customers to the company.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SRPT. Specifically, we’ll be watching the commercialization process of Exondys 51, as this is where many biotech companies fail. Nonetheless, it looks as though things are going in the right direction. We’ll keep our eyes peeled and update you as the news breaks!

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Valeant Pharmaceuticals VRX Stock News

Valeant Pharmaceuticals Intl Inc (NYSE: VRX)

Valeant Pharmaceuticals was already off to an incredibly rough start in the market today. After news that the Salix asset sale was falling apart hit, the stock quickly found big losses and continued to slide throughout the day. Now, yet another story is cresting, and the stock is breaking even further downward with high momentum. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to VRX ahead.





What We’re Seeing From VRX

As mentioned above, Valeant Pharmaceuticals wasn’t having the best of days in the market today. With news that the Salix sale was falling through, the bottom fell out from under the stock. However, things just went from bad to worse as VRX started spiking downward yet again. At the moment (2:40), VRX is trading at $15.52 per share after a loss of $1.64 per share (9.56%) thus far today.

Why The Stock Is Falling Apart

As we know, the Salix news was weighing heavy. However, new news is breaking, and it’s worse than the stopping of an asset sale. The new news is coming from Wells Fargo and is quickly becoming overwhelmingly concerning.











According to Wells Fargo, VRX has some major tax accounting issues. If the investment bank is correct, this is more than a simple mistake. This could lead to federal fees and more. As a result, Valeant Pharmaceuticals stock is falling yet again.

What We’ll Be Watching For Ahead

Moving forward, we have quite a bit to watch with regard to VRX, and unfortunately, it’s all bad. First and foremost, the tax accounting issue can be a big one, so we’ll be watching that story closely. Also, the Salix story isn’t dead yet. Finally, let’s not forget about the repercussions of the scandal that’s been haunting them for over a year now. All in all, there’s a ton to watch here. We’ll keep our eyes peeled and update you as the story continues to unfold.

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DryShips DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips has been an incredibly interesting stock to follow as of late. Over the past couple of weeks, we’ve seen massive gains and massive losses. Today, the stock is running up on the green side of the line in a big way. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to DRYS ahead.

What We’re Seeing From DRYS





As mentioned above, DryShips is having an incredibly strong day in the market today. Since the opening bell, the stock has been well into the green. At the moment, the stock is climbing even higher on yet another spike. Currently (2:09), DRYS is trading at $5.04 per share after a gain of $0.71 per share (16.49%) thus far today.

Why The Stock Has Seen The Roller Coaster Like Movement

Recently, DRYS climbed along with the rest of the stocks in the shipping sector. However, as the bubble burst, DRYS announced an offering, which didn’t seem to appease investors. As a result, the stock fell dramatically.











Nonetheless, the Baltic Dry Index is still up, and Donald Trump is still a great president for the shipping sector. As a result, while investors are considering risk, they are seeing incredible opportunity here. This is ultimately the cause of all of the volatility we’ve seen in DryShips.

What We’ll Be Watching Ahead

DRYS is likely to continue to be volatile ahead.  The overall long-term view looks pretty good, but there will likely be big bumps in the road. Moving forward, we’ll be keeping a close eye on the shipping sector as a whole, considering that gains in the Baltic Dry Index are more or less holding up and Donald Trump is transitioning into office. We’ll keep a close eye on the sector and bring the news to you as it breaks!

Update – The gains that we’re seeing at the moment are the result of a DRYS insider buy of 100k shares. The insider purchase was made by James Leichter. The price per share was $5.8084.

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Recon Technology RCON Stock News

Recon Technology, Ltd. (NASDAQ: RCON)

Recon Technology is having an incredibly strong day in the market today. Since the opening bell, the stock has been trading well into the green and has only been climbing higher. There is a good reason for these gains. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to RCON ahead.





What We’re Seeing From RCON

As mentioned above, Recon Technology is having an overwhelmingly strong day in the market today. When the opening bell rang, the stock found itself in the green to start. Since then, we’ve seen incredible gains as the stock continues to push for the top. At the moment (12:35), RCON is trading at $1.50 per share after a gain of $0.26 per share (20.98%) thus far today.

Why The Stock Is Climbing

As soon as the CNA Finance team noticed the gains in the value of RCON, we had to start digging to see what was causing the movement. In this particular case, it didn’t take long. You see, Recon Technology is a company that’s centered around generating technologies and products designed for the oil industry. Right now, oil is running on highs.











Ultimately, RCON is benefiting from news surrounding OPEC today. Months ago, OPEC reached an agreement to agree to reduce oil production. However, many expected the agreement to fall apart. Today, it was announced that the deal was finalized, and OPEC will be reducing oil production by approximately 1 million barrels per day. That’s great news for Recon Technology and others in the oil and energy sector.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RCON and others in the oil and energy sector. At the end of the day, this OPEC deal is big for the supply and demand imbalance in the oil sector. However, it’s important to keep in mind that while this is a step in the right direction, it will not fix the problem entirely. So, we’ll be watching supply and demand data closely ahead. Nonetheless, we’ll keep a close eye on the news and bring it to you as it breaks!

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Whiting Petroleum WLL Stock News

Whiting Petroleum Corp (NYSE: WLL)

Whiting Petroleum is having an overwhelmingly strong day in the market today. Since the opening bell, the stock has traded well into the green and has continued climbing upward. Now, it looks like the stock is spiking yet again. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to WLL ahead





What We’re Seeing From WLL

As mentioned above, Whiting Petroleum is off to an incredible start in the market today. After starting the day off in the green, the stock has continued to climb throughout the morning at a relatively steady pace. Now, it’s spiking upward yet again, only adding to the big gains. Currently (11:20), WLL is trading at $11.50 per share after a gain of $2.12 per share (22.65%) thus far today.

Why The Stock Is Climbing

The truth is that WLL isn’t the only stock in the oil sector that’s climbing in a big way today. In fact, across the oil and energy sector, we’re seeing a sea of green. The gains that we’re seeing in the sector have to do with the oil output deal announced by OPEC months ago.











Early today, the deal was finalized, and even Iran has agreed to take part. As a result, supply and demand in oil is expected to become better balanced, leading to gains in the value of oil. Of course, this brings incredible benefits along with it for Whiting Petroleum and the rest of the oil and energy sector as a whole.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WLL and the energy sector as a whole. While the OPEC deal is a great thing, it may not be big enough to change the fact that supply far outpaces demand. Nonetheless, it is a step in the right direction. We’ll keep a close eye on the story and bring you the news as it breaks!

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Palatin Technologies PTN Stock News

Palatin Technologies, Inc. (NYSEMKT: PTN)

Palatin Technologies, based on pre-market activity, looked like it was going to have a rough day in the market today. In fact, the stock opened the day well into the red. However, since the opening bell rang, the stock has been on a mad dash upward, now trading well into the green. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to PTN ahead.





What We’re Seeing From PTN

As mentioned above, looking at the stock in the pre-market, it appeared Palatin Technologies was going to have a rough day. Nonetheless, that wasn’t the case. While the stock did open the day well into the red, it made a mad dash upward and is now trading well into the green. At the moment (10:53), PTN is trading at $0.84 per share after a gain of $0.02 per share (2.32%) thus far today.

Why The Stock Is Headed Up

As soon as we noticed that PTN was off to a strong run, the CNA Finance team started working to find the reason for the gains. In this particular case, it didn’t take long. The gains are the result of a report that originally surfaced just before the opening bell on Reuters.











According to the report, Palatin Technologies has hired Greenhill & Co. The goal of hiring the firm is to explore a possible sale. So, investors are reacting to the fact that an acquisition may be on the horizon. After all, acquisitions tend to return value to shareholders in a big way!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PTN, especially with regard to the possible acquisition. This time, this isn’t a rumor; it’s a concept that is definitely on the table. Nonetheless, we’ll be watching the news closely, bringing you everything that breaks, when it breaks!

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Rex Energy REXX Stock News

Rex Energy Corporation (NASDAQ: REXX)

Rex Energy Corporation is having an incredibly strong start to the trading session today. Since the opening bell, the stock has been trading well into the green and looks to be holding onto its gains. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to REXX ahead.





What We’re Seeing From The Stock

As mentioned above, Rex Energy Corporation is having a relatively strong day in the market. After starting the day well into the green, the stock continued on a strong path for the first hour. Now, it seems to be falling from highs, but well ahead of losses. At the moment (10:40), REXX is trading at $0.43 per share after a gain of $0.05 per share (12.02%) thus far today.

Why The Stock Is Climbing

REXX is a company that is heavily focused within the oil and energy sector. So, naturally, anything that causes movement in the value of oil will likely cause movement in the value of the stock. Today, there’s big news breaking on the oil front.











It seems as though OPEC has finally come to an agreement over oil production. While an agreement was announced months ago, that was more of an agreement to agree later on. Now, the deal is being finalized, cutting about 1 million barrels of oil from OPEC output per day. This will be a great thing for Rex Energy Corporation and others in the sector, as it will likely cause the price of oil to climb.

What We’ll Be Watching For Ahead

While the OPEC deal is great for REXX and others, oil isn’t out of the woods yet. Even with the cut, supply will likely largely outweigh demand for some time. So, we’ll be keeping an eye on supply and demand surrounding oil for clues as to where the stock is headed next. Nonetheless, we’ll watch the story closely and bring the news to you as it breaks!

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Teva Pharmaceutical Industries (TEVA) Stock News

Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)

Teva Pharmaceutical Industries was off to a relatively normal start to the trading session today. While the stock had fallen into the red, it wasn’t down by much, and nothing was too exciting about the movement. Nonetheless, that all changed minutes ago as the stock started to rocket toward the top. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to TEVA ahead.





What We’re Seeing From TEVA

As mentioned above, Teva Pharmaceutical Industries looked like it was going to have a normal day in the market today early on. However, that changed relatively quickly when, just minutes ago, the stock started spiking into the green and beyond. At the moment (10:25), TEVA is trading at $38.12 per share after a gain of $0.26 per share (0.69%) thus far today.

Why The Stock Is Spiking

As always, as soon as we noticed that TEVA was making a run for the top, the CNA Finance team started digging to see what we could uncover as the reason for the movement. While the company hasn’t released any fundamental news that would suggest such strong gains were validated, we did find something in the social space.











At the moment, there’s a big rumor circling around the realm of social media. According to this rumor, Teva Pharmaceutical Industries is the target of a takeover. Now, keep in mind that this is just a rumor at this point, and a very vague one at that. We don’t know who the potential buyer is, nor has the company confirmed that it has even received an offer.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TEVA to see if these rumors come to fruition. However, we’ve seen these types of rumors quite a bit, and historically, they are usually duds. Nonetheless, we’ll watch the story closely and bring the news to you as it breaks!

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Valeant Pharmaceuticals VRX Stock News

Valeant Pharmaceuticals Intl Inc (NYSE: VRX)

Valeant Pharmaceuticals was off to a relatively normal day in the market. While the stock was in the red, it wasn’t down by too much. That is, until minutes ago when the stock started to spike downward. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to VRX ahead.





What We’re Seeing From VRX

As mentioned above, Valeant Pharmaceuticals wasn’t having the best of days early on in the market. However, while the stock was in the red, it wasn’t anything big enough to write home about. Nonetheless, that all changed minutes ago as the stock started spiraling downward in a big way. At the moment (10:10), VRX is trading at $16.10 per share after a loss of $1.06 per share. It’s hard to imagine that it was trading well over $100 per share just over a year ago.

Why The Stock Is Falling Apart

As usual, when the CNA Finance team noticed that VRX was taking a dive, we started to research in hopes of finding the reason for the fall. It didn’t take long to dig something up in this case. The declines are the result of news surrounding a previously disclosed asset sale.











Recently, Valeant Pharmaceuticals investors learned that the company was in talks with Takeda to sell Salix for $10 billion. However, news is breaking at the moment that these talks are falling apart. Of course, this is a major hit to VRX, a company that is in desperate need of the funding this deal would provide if it went through.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on VRX to see what the plan B is. At the end of the day, the sale of Salix was a big deal. Nonetheless, we’ll be watching the news closely and bringing it to you as it breaks!

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Thought Leader Discussions

AzurRx BioPharma Inc. AZRX Stock News

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AzurRx BioPharma Inc. (NASDAQ: AZRX) Since first covering AzurRx in December of 2016, many investors have asked me to further expand on the technology and...