AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) is having an incredibly strong start to the trading session this morning, following up on strong gains seen from the stock yesterday. The gains started after the comapny announced that it will be presenting at two coming investor conferences. Today, we’ll talk about:
- The news;
- what we’re seeing from AVEO stock as a result; and
- what we’ll be watching for ahead.
AVEO Announces Coming Presentations
As mentioned above, AVEO Pharmaceuticals is headed up in the market this morning as investor excitement surrounding multiple coming presentations continues to fuel the run. In a press release issued yesterday, the company announced that Michael Bailey, President and CEO, will be presenting at two investor conferences. These conferences include:
- 2018 Cantor Global Healthcare Conference – AVEO will be presenting at this conference on Tuesday, October 2, 2018 at 4:00 p.m. ET.
- Leerink Partners Roundtable Series: Rare Disease & Oncology – This presentation will take place Wednesday, October 3, 2018 at 1:00 ET.
In the release, AVEO said that a live webcast of both presentations can be accessed by visiting the investors section of its website at AVEOOncology.com. Also a replay of the webcast will be available for 30 days after the presentation date.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to work in the market is that the news is important. After all, it’s generally the news that moves the market. With news that AVEO Pharmaceuticals will be taking part in two popular investor conferences, investors know that not only will compelling data likely be presented, it’s going to be presented to some of the largest investors, investor relations companies, and lenders in the space. So, it comes as no surprise that excited investors are pushing the stock toward the top in the market this morning. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:06), AVEO is trading at $3.50 per share after a gain of $0.34 per share or 10.95% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on AVEO. In particular, we’re interested in following the story surrounding the coming presentations and the opportunities that arise as a result of the presentations. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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