Pulmatrix Inc (NASDAQ: PULM)
Pulmatrix was having a relatively rough day in the market today. In fact, when the opening bell rang, the stock was trading well in the red. From there, it saw some up and down movement, but throughout the morning, the losses remained. However, we started to see an incredible spike in value as we moved into the afternoon, bringing the stock into the green. Below, we’ll talk about what we’re seeing from PULM, why, and what we’ll be watching for ahead.
What We Saw From PULM
As mentioned above, Pulmatrix wasn’t having the best of days in the market today. In fact, throughout the entire morning, the stock was trading in the red. However, as we moved into the afternoon, an independent video was released, and the stock started to soar. While movement has settled down a bit since, the stock is still trading well in the green. At the moment (1:59), PULM is trading at $4.99 per share after a gain of $0.07 per share (1.42%) thus far today.
Why The Stock Is Headed Upward
As is almost always the case, our partners at Trade Ideas sent us an alert of high volume as the stock started to spike. When they did, we started to dig into PULM to see what was happening. It didn’t take long to uncover the news. The gains are the result of a video that was published earlier today.
In the video, an independent investment publication that highlights important technologies, focused on an advanced dry powder technology designed by Pulmatrix to deliver drugs through inhalation. It was outlined that this type of approach has the ability to help people suffering from chronic obstructive pulmonary disease. The dry powder technology speeds the bodies ability to accept the medication and put it into effect, making it a potential game changer when it comes to the treatment of COPD. Here’s the video…
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on PULM. In particular, we’re interested in the company’s continued work with the dry powder delivery system. This could prove to be a disruptive force in the COPD industry. We’ll keep a close eye on the news and bring it to you as a result.
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