24/7 Market News Daily Wrap 29 Nov 2023
DENVER, Colo., Nov. 29, 2023 (247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual midday volume; Vivos Therapeutics Inc (NASDAQ:VVOS), Redhill Biopharma Ltd (NASDAQ:RDHL), Altamira Therapeutics Ltd (NASDAQ:CYTO), GameStop Corp (NYSE:GME), Rover Group Inc (NASDAQ:ROVR), and Fluence Energy Inc (NASDAQ:FLNC).
After all of the listings that we covered in this yesterday’s premarket traded very well, in premarket trading, only to fade away in the regular session, we decided to only cover one company in this morning’s premarket.
That turned out to be Vivos Therapeutics (NASDAQ:VVOS), after it announced, that the FDA granted 510(k) clearance for treating severe obstructive sleep apnea (OSA) in adults using the Vivos’ removable CARE (Complete Airway Repositioning and/or Expansion) oral appliances. We liked the news, which we covered when it was trading at $7.52, up $3.12 (+70.91%), on 901K premarket shares, but cautioned that it has a history of short-term pops that can’t hold the gains.
After watching it smash several hard bear-raids in the premarket, we realized that it was set to make a special move and the subsequent coverage stated that today’s news may have trapped enough shorts to sustain this move.
Vivos opened the regular trading session at $11.93, survived a few more bear-raids and, despite a bunch of trading halts, hit a high of $48.79, before closing at $41.00, up $36.61 (+833.94%), on nearly 46M shares traded.
Although it wrecked some shorts today and could continue to run much higher, we remind our readers that this ran from about $10 to its 52-week high of $74.05, in the first two trading days of 2023, and by March 1 it was back down to the $10 range. We hope that it hits $100, but think that it’s wise to take a little off the table and lock in some profits.
We covered Redhill Biopharma’s (NASDAQ:RDHL) news, on Monday, when it was at $0.59 and it successfully took out multiple resistance levels that we laid out. Today, it traded as high as $4.10 in the premarket and closed at $2.88, up $0.60 (+26.32%), on trading volume of 94.7M shares.
Similarly, we hope that Redhill hits $10, but we’ve been cautioning, even though this may not happen, that the Company could do a funding, so traded accordingly.
We’ve covered Altamira Therapeutics (NASDAQ:CYTO) numerous times and included it in our lunch covereage, when it was trading at $0.38, up $0.15 (+65.17%), on 16.9M shares traded. An hour later it eclipsed 60-cents and hit 72-cents, just before closing at $0.6445, up $0.4145 (+180.22%), on trading volume of over 125M shares.
Today’s other leading performers include GameStop Corp (NYSE:GME), which hit $17.56 and closed at $16.25, up $2.76 (+20.46%), on 60.7M shares.
Rover Group Inc (NASDAQ:ROVR), which hit $11.04 and closed at $10.96, up $2.46 (+28.94%), on 34.5M shares.
Fluence Energy Inc (NASDAQ:FLNC), which hit $26.49 and closed at $25.09, up $4.82 (+23.78%), on 8.1M shares.
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