TARA is Hot

December 5, 2024

DENVER, Colo., Dec 05, 2024 (247marketnews.com)- Companies mentioned include; Protara Therapeutics (NASDAQ: TARA), Arcadia Biosciences (NASDAQ: RKDA), Methode Electronics (NYSE: MEI), SoundHound AI (NASDAQ: SOUN), PainReform (NASDAQ: PRFX), and Unusual Machines (NYSE: UMAC)

Protara Therapeutics (NASDAQ: TARA) presented results from its ongoing Phase 2 open-label ADVANCED-2 trial, assessing intravesical TARA-002, the Company’s investigational cell-based therapy, in high-risk Non-Muscle Invasive Bladder Cancer (NMIBC) patients with carcinoma in situ or CIS (± Ta/T1) who are Bacillus Calmette-Guérin (BCG)-Unresponsive or BCG-Naïve.

TARA-002 demonstrated a complete response (CR) rate across BCG exposures of 72% (13/18) at six months and 70% (14/20) at any time with 100% (9/9) of patients maintaining a CR from three months to six months, while two of three patients maintained a CR at nine months.

Jesse Shefferman, CEO of Protara Therapeutics, stated, “We are thrilled with these positive six-month data, which reinforce TARA-002’s potential in NMIBC, while offering a compelling product profile for physicians and patients. We believe these encouraging data together with our international site expansion will accelerate patient enrollment, and we look forward to reporting initial data from 12-month evaluable patients in mid-2025.”

Protera hit a new 52-week high of $10.48 and is trading at 2021 levels.

Arcadia Biosciences (NASDAQ: RKDA) and Roosevelt Resources, a privately held exploration and production company, entered into a definitive securities exchange agreement that will combine the two companies in an all-stock transaction, in which Arcadia will issue shares of Arcadia common stock to Roosevelt’s partners, in exchange for all of the equity interests in Roosevelt. Upon transaction closing, the current equity owners of Roosevelt and the Arcadia shareholders, as of the closing, are expected to own approximately 90% and 10%, respectively, of the outstanding shares of Arcadia.

Roosevelt’s primary asset is a carbon capture utilization and storage (CCUS) oil and natural gas project that spans 16,208 (13,892 net) contiguous acres on the Northwest Shelf of the Texas Permian Basin, which Roosevelt plans to develop over the next 40+ years as an enhanced oil recovery (EOR) project reaching an anticipated peak production capacity in 2051 of 55,000 gross barrels of oil equivalent per day (boepd).

Arcadia set a new 52-week high of $8.11.

Methode Electronics (NYSE: MEI) reported its second quarter of fiscal 2025 financial results and income from operations was $9.4 million, compared to a loss of $51.3 million for the second quarter of fiscal 2024, which was largely due to a $56.5 million goodwill impairment charge in 2024, and net sales grew to $292.6 million, compared to $288.0 million for the same quarter of fiscal 2024.

Jon DeGaynor, President and CEO, commented, “The team is energized, and these results demonstrate that we are heading in the right direction. Our sales in the quarter were the highest that we have reported since fiscal 2023, and our pre-tax income returned to positive territory. Our bookings remained solid, and our EV sales activity is steadily growing.

Methode Electronics reaffirmed its expectation for fiscal 2025net sales to be similar to fiscal 2024, but raised its adjusted pre-tax income expectation from approaching breakeven to approximately breakeven, while expectations fiscal 2026 are for net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.

Methode traded as high as $17.45 and it has a nice gap from today’s high to about $21.

MoBot alerted SoundHound AI (NASDAQ: SOUN) on October 28, at $5.994, and multiple times since as it continues to set new 52-week highs.

SoundHound reported that Torchy’s Tacos, the home of “Damn Good Tacos”, is rolling out SoundHound’s advanced voice AI Smart Ordering product at all 130 Torchy’s locations.

Mobot alerted PainReform (NASDAQ: PRFX) last week, at $3.043, and today it traded as high as $5.84.

Unusual Machines (NYSE: UMAC) continues to hold a protion of the gains it made, following the news that the Company added Donald Trump Jr.to its advisory board.

Please go to 247marketnews.com to sign up for free MoBot alerts and view Mobot’s real time data.

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

Related news for (TARA, RKDA, MEI, SOUN, PRFX, UMAC)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.