Champions Oncology (CSBR) Stock: Here’s Why It’s Running Up

Champions Oncology Inc (NASDAQ: CSBR)

Champions Oncology is having an incredibly strong day in the market today, breaking out of consolidation and making its way to the top. Since the opening bell, the stock has been in the green and only working to go higher. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to CSBR ahead.

What We’re Seeing From CSBR

As mentioned above, Champions Oncology is having an incredibly strong day in the market today. Upon the opening bell, the stock found itself well into the green. Since then, it’s only been climbing higher. At the moment (11:04), CSBR is trading at $2.30 per share after a gain of $0.09 per share or 4.08% thus far today.

Why The stock Is Headed Up

The truth is that nothing in particular happened today that’s causing CSBR to climb. Instead, investors are continuing to show their support for the company after their most recent earnings report. Needless to say, this report was overwhelmingly positive for the oncology logistics company. However, there was one piece that nearly promises more bright days to come.

Around the same time Champions Oncology released their earnings, they let investors in on a big sale that had recently been made. The company closed a $2 million deal. For a company that was used to working in the tens to low hundreds of thousands range, this new deal brings CSBR into an entirely new playing field; proving that the company can sell at that scale!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CSBR. In particular, we’ll be watching the sales process. The recent $2 million sale may have opened the flood gates for more big deals to come down the line. Nonetheless, we’ll watch the news closely and bring it to you as it breaks!

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[Image Courtesy of Pixabay]

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