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SCYNEXIS Stock Soared 92% on $593M GSK License Agreement
The SCYNEXIS Inc (NASDAQ: SCYX) stock price soared 91.6% after signing an exclusive agreement with GSK to commercialise and further develop Brexafemme (ibrexafungerp tablets), an FDA-approved treatment for vulvovaginal candid
Why Scotgold Resources Shares Rose 15% Despite H1 ’23 Losses
The Scotgold Resources Ltd (LON: SGZ) share price rose 15.2% after releasing its financial results for the six months to 31 December 2022. The Scottish gold producer revealed that it produced 3,809 ounces of gold during the s
Genedrive Shares Fell 11.2% Despite NICE Final Recommendation
The Genedrive PLC (LON: GDR) share price fell 11.2% after revealing that the UK’s National Institute for Health and Care Excellence (NICE) has ratified and finalised its recommendation after a public consultation process.
Why Royal Mail (IDS) Shares Remain Muted on CWU Strike Threats
The Royal Mail share price, now known as International Distributions Services PLC (LON: IDS), inched higher today despite the Communication Workers Union (CWU) saying that it would call for further strikes soon if it cannot r
GBPUSD Fell As Dollar Gained on Pound, Risk Sentiment Abates
The GBPUSD currency pair was trading down over 29 pips as the US dollar rallied against the Sterling pound as investor risk appetite abated slightly. The currency pair is still on track to reaching its January 2023 and Decemb
AbbVie Stock Has Risen 10.4% From Its Feb Lows. Is There More?
The AbbVie Inc (NYSE: ABBV) stock price has risen 10.4% from its February lows but is still down 2.23% for the year after falling heavily in January. The recent rally in AbbVie stock has left many wondering whether there coul
Futura Medical (FUM) Shares Surged 9.53% on ED Drug Progress
The Futura Medical plc. (LON: FUM) share price surged 9.53% after revealing that it had submitted all the confirmatory data requested by the US Food and Drug Administration (FDA) concerning approving its MED3000 erectile dysf
AFC Energy Shares Rallied 5.7% on S+ Series, £2M ABB Funding
The AFC Energy plc (LON: AFC) share price rallied 5.68% after receiving a £2.0 million follow-on investment from ABB E-mobility as part of a partnership between the two firms that started in November 2021. The investment was
USDJPY Falls As the Japanese Yen Rallied on 2.2 Trillion Stimulus
The USDJPY currency pair was trading down over 50 pips as the US dollar remained weaker than the Japanese yen. The positive sentiment towards the yen was not dampened by the Bank of Japan’s Governor Haruhiko Kuroda’s statemen
Disney Stock Is Up 6.96% in 2023 Amid Job Cuts. What’s Next?
The Walt Disney Co (NYSE: DIS) stock price has risen 6.96% this year despite announcing plans to eliminate 7,000 roles in a bid to reduce its operating costs by up to $5.5 billion. The company has already started notifying th
Pinterest Stock Has Risen 11.3% YTD As It Cuts Staff and Space
The Pinterest Inc (NYSE: PINS) stock price has risen 11.3% this year amid layoffs as it looks to restructure its business to become a smaller, nimbler tech company as advertising revenues fall due to the challenging operating
Pennpetro Energy (PPP) Shares Dropped 36% on Multiple Releases
The Pennpetro Energy PLC (LON: PPP) share price dropped 36.2% after making four significant announcements. First, the company revealed that it had raised £1,545,759 via a share placement and subscription. The firm issued ten
Halma Shares Edged Higher on FirePro Acquisition – Here’s Why
The Halma plc (LON: HLMA) share price edged 2.04% higher after revealing that it had acquired FirePro, a leading designer and manufacturer of aerosol-based fire suppression systems, for €150 million (approx. £132 million) in
Why Nanoco Shares Were Trading Flat After Its Half-Year Results
The Nanoco Group PLC (LON: NANO) share price was trading flat after releasing its interim financial results for the half year ending 31 January 2023. The company reported a 45% increase in revenues from £1.1 million in the pr
Skinbiotherapeutics (SBTX) Shares Plunged 24% on H1’23 Results
The Skinbiotherapeutics PLC (LON: SBTX) share price plunged 23.9% after releasing its financial results for the six months to 31 December 2022 (H1 2023). The company generated revenues worth £77,000 during the review period,
GBPUSD Rises on Positive Investor Sentiment As the Dollar Falls
The GBPUSD currency pair was trading up over 50 pips, boosted by positive investor sentiment after Silicon Valley Bank found a buyer in First Citizens Bank & Trust Company. The buyout of SVB boosted risk assets such as th
Palantir’ Stock Price Is at Risk As Government Contract Wins Slow
The Palantir Technologies Inc (NYSE: PLTR) stock price faces a significant threat in the form of dwindling government contracts as privacy concerns mount. The company is already losing contracts in Europe after Germany’s Fede
First Republic Bank (FRC) Stock Rallied 26.2% on Fed Loan Hopes
The First Republic Bank (NYSE: FRC) stock price rallied 26.2%, hoping the Federal Reserve may consider lending it a helping hand by expanding its emergency funding program. The Fed could expand its Bank Term Funding Program (
ImmuPharma (IMM) Shares Surged 26% on Lupuzor FDA Progress
The ImmuPharma PLC (LON: IMM) share price surged 26.2% after issuing a further update about its Lupuzor™ (P140) program in patients with systemic lupus erythematosus (SLE). The company noted that it had submitted a phase 2/3
Why Avacta Shares Barely Moved on the Data Poster Presentation
The Avacta Group Plc (LON: AVCT) share price barely moved after announcing that it would present a poster entitled 'AVA3996, a novel pre|CISION™ medicine, targeted to the tumor microenvironment via Fibroblast Activation
