Aoxing Pharmaceutical Company Inc (NYSEMKT: AXN)
Aoxing Pharmaceutical Company stock had a great day in the market yesterday. During the weekend, a press release explaining that the company would be announcing important updates at the New York Stock Exchange today came out; exciting investors. Then, when the market opened yesterday, the stock exploded, gaining 60%+. However, today the story isn’t quite the same. Today, we’re seeing declines; but I’m not expecting those declines to last.
AXN New York Stock Exchange Announcement
In the press release, Aoxing Pharmaceutical Company was relatively vague with regard to what they plan to discuss. What we do know is that the announcement will be taking place from 3pm to 5pm at the New York Stock Exchange, and that the company will be providing important business updates. For more details, we’ll just need to wait until 3pm to see what happens.
What We’re Likely To See During The Announcement
As mentioned above, the press release on Saturday excited investors; leading to massive gains in the stock yesterday. Considering the effect of the press release on the stock, I’m assuming that we’re going to see the same type of reaction later on today. With every bit of good news the company offers in the press release, there will most likely be investors waiting to hit the buy button. So, watch the stock closely around the time of the announcement because we are likely to see gains! Also, consider watching the pull back we’re seeing today before the announcement for great entrance opportunities.
What Do You Think Will Happen?
What news are you expecting from AXN and how do you think it will affect the stock? Let us know in the comments below!