Protalix BioTherapeutics Inc. (NYSEMKT: PLX)
Protalix BioTherapeutics is having an overwhelmingly strong day in the market today. When the trading session opened for business, the stock was already trading slightly in the green. From there, we saw strong upward movement, quickly bringing the stock to impressive gains. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to PLX ahead.
What We’re Seeing From PLX
As mentioned above, Protalix BioTherapeutics is having a strong day in the market early on today. When the opening bell rang, the stock was already trading slightly in the green. From there, it continued to see upward movement, with momentum running high. At the moment (10:38), PLX is trading at $1.36 per share after a gain of $0.35 per share (34.65%) thus far today.
Why The Stock Is Gaining
As soon as our partners at Trade Ideas sent us the alert that PLX was making a run for the top, the CNA Finance team started working to figure out exactly what was going on. In this case, it didn’t take long to dig up the reason for the gains. Ultimately, the stock is climbing as the result of an announcement of several presentations to come.
Early this morning Protalix BioTherapeutics announced that it would be giving three oral presentations and two poster presentations relatively soon. The presentations will be given at the 13th Annual WORLDSymposium(TM) 2017 conference. The conference is being held from today through February 17th at Manchester Grand Hyatt in San Diego, California. For more information on the presentations, click here.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on PLX. Perhaps most importantly at the moment, we’ll be keeping an eye on news associated with the presentations that the company will be giving. We’ll keep a close eye on the news and bring it to you as it breaks!
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