Seelos Therapeutics Inc (NASDAQ: SEEL) is having a great start to the trading session in the pre-market hours this morning, and for good reason. The company announced that it will be taking part in a large healthcare conference, exciting investors and sending the stock up. Today, we’ll talk about:
- The coming conference;
- what we’re seeing from SEEL stock as a result; and
- what we’ll be watching for ahead.
SEEL Announces Conference Participation
As mentioned above, Seelos Therapeutics is having a strong start to the trading session this morning after announcing that it will be taking place in a coming conference. The announcement came by way of press release early this morning.
In the release, SEEL saidthat it will be presenting and hosting the 11 and small group meetings at the Jefferies 2019 Global Healthcare Conference. The conference is scheduled to take place rom June 4 through June 7 at the Grand Hyatt in New York City.
The company said that its Chairman, Founder, and CEO, Raj Mehra, PhD, and Dr. Tim Whitaker, Head of R&D at SEEL, will present and host the meetings.
This is incredibly positive news for two reasons. First and foremost, the Jefferies Global Healthcare Conference is one of the largest in the space. Moreover, the conference will not only give the company an opportunity to present, it will also give the company the opportunity to mingle with potential partners, large investors, analysts, and other key figures in the investing community.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. When it comes to Seelos Therapeutics, the news proved to be positive.
After all, not only will the company be attending the Jefferies 2019 Healthcare Conference, it will take on a leadership role in multiple sessions and present its work. So, it’s not surprising to see that excited investors are pushing the stock 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 (8:23), SEEL is trading at $3.19 per share after a gain of $0.16 per share or 5.28% 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 SEEL. In particular, we’re interested in following the story surrounding the company’s presentation as well as any updates with regard to the development of the company’s impressive pipeline candidates. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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