The Dow Jones settled higher by around 175 points on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Gainers
Ambrx Biopharma Inc. (NYSE: AMAM) shares jumped 551.4% to $2.67 after the company announced preliminary Phase 2 results from its ACE-Breast-03 study showing a 57.1% overall response rate.
Erasca Inc (NASDAQ:ERAS) has entered into an exclusive worldwide license agreement with Novartis AG (NYSE:NVS) for naporafenib, a Phase 2 pivotal-ready pan-RAF inhibitor…
ERAS-007, a potential best-in-class ERK1/2 inhibitor, is being evaluated in combination with encorafenib and cetuximab in BRAF V600E-mutant metastatic colorectal cancer
Erasca previously signed CTCSAs with Pfizer
Erasca (NASDAQ:ERAS) reported quarterly losses of $(0.29) per share. This is a 36.96 percent increase over losses of $(0.46) per share from the same period last year.
U.S. stocks closed higher with the Dow Jones surging around 193 points on Thursday. Here is the list of some big stocks moving lower in the previous session.
Gainers
ShiftPixy, Inc. (NASDAQ: PIXY) shares surged 176.5% to close at $31.00 on Thursday after the company announced plans to spin-off ShiftPixy Labs and dividend its digital securities to shareholders.