Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of Greatland Gold plc (LON: GGP) fell 28.4% after the company announced disappointing drill results from the first three holes at its 100% owned Scallywag project located in Australia.
Obalon Therapeutics (NASDAQ: OBLN) shares surged over 100% to $3.24 after ReShape Lifesciences Inc. (OTCQB:RSLS), a global weight-loss solutions business, announced today that it has entered into a definitive merger agreement with the company.
Existing ReShape stockholders will have majority ownership of the combined company immediately following the closing of the merger and Obalon will be renamed ReShape Lifesciences Inc. and will trade under the NASDAQ ticker symbol “RSLS.”
Morgan Stanley Q4 Earnings:
Shares are up 2.21% at $76.65 premarket
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