Shift stock registration#
Quoin withdrew a registration statement for a potential securities offering. Why QNRX Stock Is Movingįriday, more company news is to “blame” for the early momentum in the stock market. With a public float of under 10 million, that could quickly put at on the watch list for some. In addition, QNRX has come into focus for being a low-float penny stock. What to Know About Buying Penny Stocks on July 1st Quoin licensed a formulation, Invisicare, from Skinvisible previously. The application was for Quoin’s QRX003 in treating Netherton Syndrome. Earlier this month, we discussed the company on a list of penny stocks with big news after it announced receipt of FDA acceptance for an Investigational New Drug Application. We plan to continue to pursue approval for vadadustat to make it available to patients in these territories, and we are excited about the potential additional value this brings to Akebia, as we continue to work to build the company into the future.” Quoin Pharmaceuticals Ltd (NASDAQ:QNRX)Īnother biotech penny stock under $1 to watch on Friday is Quoin Pharmaceuticals. John Butler, Chief Executive Officer of Akebia commented that “Otsuka has been a strong partner for many years, and we appreciate their desire to have an efficient transfer of the responsibilities back to Akebia. How big was the settlement? Otsuka will pay Akebia a fee of $55 million and will relinquish its rights for vadadustat. This week Akebia announced terminating its arrangement with Otsuka, which also came with a settlement payment from its former collaboration partner. The company was collaborating with Otsuka Pharmaceutical for expanded market access until recently. Its vadadustat, in particular, is in development for treating anemia associated with chronic kidney disease. Not only is it one of the stocks under $1, but it’s also a penny stock that just reported a big update.Īkebia develops treatments for kidney disease.
(NASDAQ:AKBA)Īkebia Therapeutics is one of the most popular names in the stock market today. Hot Penny Stocks to Buy Now? 3 to Watch in July Akebia Therapeutics Inc. But with a relatively larger float, it will be interesting to see if the penny stock joins the list of short squeeze stocks to watch this month. Right now, the short float percentage in SFT stock sits around 24.8%, according to data from TD Ameritrade. But I can say that in the stock market today, traders are paying close attention to the short interest in the stock. Whether or not SFT is a buy or not is up to you. Does this mean SFT stock is a buy? Why SFT Stock Is Moving There’s also mounting O/I for the August 19th Call options throughout the chain. As of today, before the market opens, more than 8,100 is shown for Open Interest at the $2.50 strike Call options expiring this month. At the time, more than 4,600 contracts were traded compared to fewer than 500 shown for Open Interest. In particular, SFT stock saw a significant uptick in Call options volume for the nearest expiration, July 15th. However, it wasn’t the fundamental developments that traders were following. Penny Stocks To Watch: Rep Pete Sessions Likes Stocks Under $5? Fair Financial Corp’s listing marketplace technology expanded its reach in the automotive sales industry last quarter, thanks to the new deal. The company had gained momentum after announcing a new acquisition. Last week we discussed Shift Technologies on a list of penny stocks with unusual options volume.
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