24/7 Market News Wrap 27 Dec 2023
DENVER, Colo., Dec. 27, 2023 (247marketnews.com)- 24/7 Market News covered the following companies today; First Wave BioPharma (NASDAQ:FWBI), TeraWulf (NASDAQ:WULF), Bit Digital Inc (NASDAQ:BTBT), Wheels Up Experience (NYSE:UP), Shattuck Labs (NASDAQ:STTK) and C4 Therapeutics (NASDAQ:CCCC)
Despite our late start, we made First Wave BioPharma’s (NASDAQ:FWBI) news, its plans to sell its Niclosamide program for IBD, our main feature when it was trading at $6.55, up $2.86 (+77.99%), on 721.2K shares traded. .
First Wave opened the regular trading session at $12.98 and quickly hit $14.51, but the trading halts killed the momentum and the volume, so it was downhill from there, as it closed at $5.52, up $1.83 (+49.59%), on trading volume of 26.2M shares.
First Wave’s strong morning and weak afternoon was a pretty common theme, but some listings were able to buck the trend.
TeraWulf (NASDAQ:WULF) opened the regular session at $2.48 and it hit a high of $2.90, just before the close, when it looked like somebody brought it down hard in the last minute, as it closed at $2.865, up $0.645 (+29.05%), on 50.3M shares traded. It’s trading higher in early post market action, so it may be in play tomorrow morning.
Bit Digital (NASDAQ:BTBT) was another one that traded well into the close. It opened at $4.45 and hit $5.09, but was able to hold on and close at $4.98, up $0.78 (+18.57%), on 28.5M shares traded.
Wheels Up Experience (NYSE:UP) is one that we’ve covered often and opened at $4.25. Wheels Up then went on to hit $6.08 before closing at $5.74, up $1.54 (+36.67%), on 8.8M shares traded. This is another one that looks lie it may trade well tomorrow morning.
Speaking of companies that we’ve featured, Shattuck Labs (NASDAQ:STTK) and C4 Therapeutics (NASDAQ:CCCC) remain in play, and the longer they build their current bases, the bigger their potential breakouts may be, so keep them on your trading screens.
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