Precipio Inc (NASDAQ: PRPO) is having an incredibly strong start to the trading session today. However, if you’re looking for SEC filings or press releases that were issued this morning, you may be disappointed. There’s nothing out there.
Nonetheless, there’s a good reason for the gains. The truth of the matter is that there are several catalysts ahead, one that’s likely to take place after the close today. Below, we’ll talk about:
- What’s going on with PRPO;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
PRPO Stock Gains With Catalysts Ahead
If you missed my detailed report on Precipio, click here to read it. Nonetheless, the stock is gaining today, and as mentioned above, there are catalysts ahead. Here’s what’s happening:
First and foremost, PRPO is expected to file its 10-K today. This is the earnings release that investors have been waiting on for the year ended December 31, 2018. Based on the reaction that we’re seeing in the market today, investors are excited about what they are going to see from the financial results.
Nonetheless, there are more catalysts ahead. In fact, in a press release yesterday, the company said that it will be holding a conference call on May 6 to discuss results and a corporate update. Moreover, PRPO has a scheduled compliance hearing with the NASDAQ on May 2, 2019.
The company said that the shareholder meeting will take place after the compliance meeting and the efforts it will take to bring the stock back up to the minimum bid price requirement of $1.00.
All of these events may prove to be catalystic, with the potential to send the stock on a run for the top. So, investors and traders alike are getting in, hoping to take advantage of a coming run.
What We’re Seeing From The Stock
While Precipio hasn’t issued any news as of yet, investors are excited as news is likely coming relatively soon. Moreover, there are several catalysts on the horizons.
Considering this, it’s not surprising to see that excited investors are pushing the stock up. As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:52), PRPO is trading at $0.51 per share after a gain of $0.11 per share or 28.25% 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 catalystic events ahead. Also, we’re following the story surrounding the recently announced Methodist Hospital uptake of the company’s products and its continued work to expand its retail footprint. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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