Stocks That Hit 52-Week Highs On Tuesday
Tuesday's morning session saw 173 companies set new 52-week highs.
The Daily Biotech Pulse: Pfizer In Vaccine Supply Talks With India, Provention In Focus Ahead Of Briefing Doc, NeuroRx To List Via SPAC Deal
Here's a roundup of top developments in the biotech space over the last 24 hours:
Scaling The Peaks
(Biotech Stocks Hitting 52-week Highs May 24)
56 Biggest Movers From Yesterday
Gainers
Bridgford Foods Corporation (NASDAQ: BRID) shares surged 46.2% to close at $20.74 on Tuesday.
Shockwave Medical Stock Jumps On Q1 Revenue Growth, Analyst Upgrades
Shockwave Medical Inc (NSDQ: SWAV) first-quarter FY21 sales more than double to $31.9 million beating the Wall St
Mid-Afternoon Market Update: Dow Tumbles Over 500 Points; Rekor Systems Shares Plummet
Toward the end of trading Tuesday, the Dow traded down 1.54% to 34,206.70 while the NASDAQ fell 0.19% to 13,376.83. The S&P also fell, dropping 1.01% to 4,146.05.
B of A Securities Upgrades ShockWave Medical to Buy, Announces $180 Price Target
B of A Securities analyst Bob Hopkins upgrades ShockWave Medical (NASDAQ:SWAV) from Neutral to Buy and announces $180 price target.
Recap: ShockWave Medical Q1 Earnings
Shares of ShockWave Medical (NASDAQ:SWAV) rose in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share fell 15.25% year over year to ($0.68), which missed the estimate of ($0.45).
Earnings Scheduled For May 10, 2021
Companies Reporting Before The Bell
• Revlon (NYSE:REV) is likely to report earnings for its first quarter.
• Bluegreen Vacations (NYSE:BVH) is expected to report earnings for its first quarter.
The Week Ahead In Biotech (May 9-15): Heron, Apellis FDA Decisions, Presentations and Earnings
Biotech stocks came under pressure in the week ended May 7 as traders digested a slew of earnings news flow and a handful of clinical trial readouts. COVID-19 vaccine stocks came under pressure following the U.S.