Pain Therapeutics, Inc. (NASDAQ: PTIE) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The comapny recently announced an invetor call, promising to provide a strategic update. It seems as though this is what is exciting investors this morning. Today, we’ll talk about:
- The investor call;
- what we’re seeing from PTIE as a result of the news; and
- what we’ll be watching for with regard to the stock ahead.
PTIE Gains Ahead Of Investor Call
As mentioned above, Pain Therapeutics is having an incredibly strong start to the trading session in the pre-market hours this morning after the company announced that it would be hosting a conference call. In a press release issued early this morning, the company said that it will host a live conference call. During the call, PTIE will provide a strategic update regarding its business, science and pipeline.
In the release, PTIE said that the call is scheduled to be held tomorrow, October 4th at 10 AM Eastern time. If you would like to join the call, you can do so using the following information:
- US Callers – Dial (877) 407-4018
- International Callers – Dial (201) 689-8471.
- Conference ID – 13683822
- Live Webcast – Visit www.paintrials.com and click on the webcast icon.
If you are going to join the call, please be sure to join at least 15 minutes prior to the scheduled time. This is especially the case for those who will be joining the webcast as it takes time to register.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn when we start to dig into the market is that it’s important to keep a close eye on the news. After all, the news moves the market. In the case of Pain Therapeutics, the news seems to be positive. With a strategic update around the corner, investors are excited for what they are going to learn about the company relatively soon. So, it comes as no surprise that this excitement is leading to gains in the value of the stock. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (7:34), PTIE is trading at $1.12 per share after a gain of $0.16 per share or 16.07% 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 PTIE. In particular, we’re interested in the conference call and the strategic update provided in the call. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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