BioPharmX Corp (NYSEAMERICAN: BPMX) is rocketing in the market this morning. However, if you’re looking for a pre-market press release, or SEC filing, you’re not going to find anything.
Nonetheless, there is a good reason for the gains. Today, we’ll talk about:
- Why BPMX Stock is running for the top;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
Here’s What’s Happening With BPMX Stock
As mentioned above, BioPharmX is having an incredibly strong start to the trading session this morning. However, with no press releases or SEC filings issued this morning, many are wondering why the stock is headed up.
Chances are that the reason for the gains has to do with excitement surrounding upcomming presentations. In a recent press release, BPMX said that it would be presenting at several investor conferences in the weeks ahead.
At these presentations, the company said that its President and CEO, Dr. David S. Tierney will provide a company overview. Here’s a list of the presentations, dates, and times:
- Roth Conference – This conference is behind us. It was yesterday at 8:30 and is likely part of the reason for the move in value today.
- Oppenheimer – The company plans on presenting at the Oppenheimer 29th Annual Conference. BPMX will start its presentation at 1:00 pm Eastern Time.
Investor conferences not only allow the company to showcase its work to analysts, institutional investors, and other high-dollar players, it will also have the opportunity to build relationships with others in the space as well as these investors and analysts through one-on-one meetings.
What We’re Seeing From The Stock
One of the first lessons that we learn when wes tart to dig into the market is that the news leads to moves. When it comes to BioPharmX, the news was yesterday, but the reaction is taking place today.
Nonetheless, as is usually the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:25), BPMX is trading at $0.15 per share after a gain of $0.036 per share or 30.97% 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 BPMX. In particular, we’re interested in following the story surrounding the company’s continued work to expand and develop its pipeline, offering value to investors in the process. Nonetheless, we’ll continue to keep an eye on the news and bring it to you as it breaks!
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