In the stock market, certain price levels are more important than others. And shares of both Alphabet Inc. (NASDAQ: GOOGL) and Facebook, Inc. (NASDAQ: FB) have each reached critical levels.
The SPDR S&P 500 ETF Trust (NYSE: SPY) may have sent an important message Wednesday.
Most of the time the action in the stock market doesn’t say much. These are days with low volatility and low volume. Traders usually stay on the sidelines on these days.
Altimmune Inc. (NASDAQ: ALT) shares traded higher after the company announced data from its ALT-801 Phase 1 Trial in overweight and obese volunteers. The company announced that weight loss of 5.4% was achieved at six weeks with a weekly dose of 1.8mg.
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
Shares of Torchlight Energy Resources, Inc. (NASDAQ: TRCH) have been on fire., doubling in price in just a few days, but the rally may be about to end.
Energy industry penny stocks are breaking out and moving higher. And if oil keeps moving higher, like many analysts are predicting, these stocks should continue to rally.
These companies hold a significant part of their assets in oil. So, as the price of oil moves up they become more valuable. This is drawing buyers into the market and they are pushing their stocks higher.