Selecta Biosciences Inc (NASDAQ: SELB) is making a run for the top in the market this morning, and for good reason. The company announced that it will be reporting its earnings relatively soon.
With expectations of a strong report, showing good progress in the company’s pipeline, excited investors are pushing the stock up. Today, we’ll talk about:
- The coming earnings report;
- what we’re seeing from SELB stock as a result of the announcement; and
- what we’ll be watching for ahead.
SELB Stock Gains With Earnings Around The corner
As mentioned above, Selecta Biosciences is having an incredibly strong day in the market today after the company announced that it will be reporting its earnings relatively soon. The announcement came via press release early this morning.
In the release, the company said that it plans on issuing the report on Friday, March 15, 2019, just one week from now. The SELB report will include its financial perofrmance as well as recently achieved milestones throughout the fourth quarter and full year.
The company said that the report will be coming before the opening bell. It also said that along with its financial results, it will be providing investors with a complete company update.
SELB also said that it will be hosting a conference call and live audio webcast at 8:30 a.m. on March 15, 2019 to discuss the results. Those who would like to take part in the call or webcast can do so using the following information:
- Webcast – The webcast can be accessed via the Investors & Media section of the company’s website, SelectaBio.com.
- Conference Call – If you would like to take part in the conference call, you can do so by dialing (844) 845-4170 (domestic) or (412) 717-9621 (international) and may access a teleconference replay for one week by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international) and using confirmation code 10127200.
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 the news leads to moves. When it comes to Selecta Biosciences, the news proved to be positive. After all, financial results and a corporate update will be coming shortly, and investors are hoping for the best.
So, it’s not surprising to see that the stock is making its way for the top in the market this morning. As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:28), SELB is trading at $2.52 per share after a gain fo $0.49 per share or 23.91% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team willl continue to keep a close eye on SELB. In particular, we’re interested in following the story surrounding the company’s coming financial report and corporate update. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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