Precipio Inc (NASDAQ: PRPO) is having a great day in the market today after announcing that a corporate update is just around the corner. Of course, the news excited investors who are pushing the stock for the top.
For those of you who aren’t familiar with PRPO, I would suggest starting by reading my detailed analysis on the stock at Alpha Stock News. Nonetheless, today, we’ll talk about:
- The coming corporate update;
- what we’re seeing from PRPO stock as a result; and
- what we’ll be watching for ahead.
PRPO Announces Coming Corporate Update
As mentioned above, Precipio is having a strong day in the market today after announcing that it will be hosting a conference call and providing a corporate update. The news came by way of press release early this morning.
In the release, PRPO said that it will be hosting its 2018 year-end corporate update call on Monday, May 6, 2019 at 5:00 PM ET. The call will provide investors with a corporate update and the company will discuss the results that are expected to be filed on form 10-K tomorrow, April 16, 2019.
In the release, the company also said that Nasdaq has scheduled its compliance hearning for May 2, 2019. PRPO said that the conference call mentioned above will take place following its necessary actions intended to regain compliance. The compliance issue has to do with the fact that the company is trading below the minimum bid price of $1.00.
If you would like to take part in the conference call, you can do so by dialing in with the following information:
- US Callers – (866) 524-3159
- International Callers – 1 (412) 317-6759
- When calling in, ask to be patched into the Precipio Inc. conference call.
- Pre-registration – If you would like to register early, you can do so here.
- Replay – Finally, a replay of the call will be available here.
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 it’s important to keep a close eye on the news. After all, the news moves the market. When it comes to Precipio, the news proved to be positive.
Not only will the company issue its financial results tomorrow, it will be working to regain compliance with the NASDAQ and will be offering an update early next month on everything that’s happening.
So, it’s not surprising to see that excited investors are pushing the stock on a run for the top. As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:22), PRPO is trading at $0.32 per share after a gain of $0.038 per share or 13.54% 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 PRPO. In particular, we’re interested in following the story surrounding the company’s earnings, work to regain NASDAQ compliance, and coming conference call. Nonetheless, we’ll continue to keep a close eye on the story and bring the news to you as it breaks!
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