24/7 Market News June 13, 2022 Weekly Kickoff

24/7 Market News June 13, 2022 Weekly Kickoff

(24/7 Market News) Energy and medical listings, mostly biotech and pharma companies, will likely remain the two most dominant trends this week.

Traders

Redbox Entertainment Inc. (NASDAQ: RDBX) is running hard in this morning’s premarket; up $4.08 (+30.91%), at $17.28, on 1,595,292 shares traded, so far this morning, after hitting $18.00.

Redbox Entertainment Equity Warrants (NASDAQ: RDBXW) are up even more, percentagewise, more than doubling to $4.87, $2.67 (+121.36%) higher, on 469,556 shares.

Mullen Automotive (NASDAQ:MULN) continues to drift downward and it’s trading at $1.02, down $0.12 (-10.53%) on 2,139,350 shares. The support level around $1 appears to be pretty strong, but, if it can’t hold that, a significant mental barrier will have been breached.

Medical

Day One Biopharmaceuticals Inc (NASDAQ: DAWN) announced, yesterday, positive initial data from pivotal FIREFLY-1 Trial of Tovorafenib (DAY101) in relapsed pediatric low-grade glioma. The topline results from the full FIREFLY-1 trial population are expected in early 2023. It’s up to $11.80, $5.18 (+78.25%) higher, on 2,713,152 share volume.

Bluebird bio Inc (NASDAQ: BLUE) is at $6.22, up $2.49 (+66.76%), on 3,425,540 shares exchanged, after announcing, on Friday, that the FDA Advisory Committee unanimously supports its beti-cel gene therapy for people with beta-thalassemia who require regular red blood cell transfusions and has an August 19, 2022 PDUFA goal date.

Energy

Imperial Petroleum Inc (NASDAQ:IMPP) continues to move higher, trading at $0.99, up $0.11 (+12.26%), 10,858,397 shares traded.

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