February 24, 2024

Ampio with the Strong Finish- 24/7 Market News Daily Wrap 30 Nov 2023

DENVER, Colo., Nov. 30, 2023 (www.247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual midday volume; Clearmind Medicine Inc (NASDAQ:CMND), Smart for Life Inc (NASDAQ:SMFL), Minim Inc (NASDAQ:MINM), and Ampio Pharmaceuticals Inc (AMEX:AMPE).

This morning’s premarket was on fire, but a bunch of listings took off too hard, so it’s not surprising that many of the morning’ big gainers couldn’t hold their gains.

We decided to cover Clearmind Medicine Inc (NASDAQ:CMND) in the premarket, at $4.96, after it crossed yesterday’s $4.80 high, because it looked like an easy trade to enter. It hit a premarket high of 8.98 and traded 2.6M premarket shares, but couldn’t match the price action in the regular session and actually closed the day in the red.

We also covered Smart for Life Inc (NASDAQ:SMFL) when it was at $1.98, in the premarket, and it traded well in the regular session, hitting a high of $5.60, before it drifted down to close at $2.41, up $0.89 (+58.55%), on 28.1M shares traded.

We spotted Minim Inc (NASDAQ:MINM) this morning below $2 and planed on covering its move, but it never pulled back and bruised our egos when it crossed $10.

Finding Ampio Pharmaceuticals Inc (AMEX:AMPE) was a nice consolation for missing out on Minim. We don’t cover many Amex listings, but it looked like it had a nice potential nooner setup, so we covered it at noon, when it was trading at $3.13, up $1.17 (+59.70%), on 5.5M shares traded. It spent the next two and a half hours trying to break through its morning high, then it finally broke through on the fifth attempt and was unleashed, as it hit a high of $7.47 and went on to close at $5.76, up $3.8001 (+193.89%), on trading volume of 19.4M shares.

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