Trending

24/7 Market News- Weekly Kickoff for July 11, 2022

(24/7 MARKET NEWS) While the masses are watching the Twitter saga play out, we’re keeping our eyes on select penny stocks and certain squeeze plays.

Xeriant, Inc. (OTCQB: XERI) announced this morning that it will host a press conference on August 3 to discuss the Company’s recent significant positive developments. The aerospace company dedicated to Advanced Air Mobility and associated specialty chemicals and materials further stated that its management team will travel to Slovakia to address the strong U.S. and global demand for Retacell® and the fire- and water-resistant composite panels made with Retacell®.

Xeriant Announces Date of Upcoming Press Conference

“Xeriant has been meeting with multiple interested end users from the building and textiles industries, with discussions that include advanced negotiations, and is taking steps to scale up production, finalizing testing and certifications, evaluating processing equipment, sourcing bulk raw material suppliers, and setting up a North American pilot manufacturing facility.”

Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) gained in every session this week, closing today at $1.39, up $0.2436 (+21.25%), on over 3.1 million shares for the day, and is looking to carry over into this week, trading higher in this morning’s premarket, at $1.40, up a penny (+0.72%), although on light volume of only 25,951 shares, so far.

On July 5th, Titan announced that the FDA cleared its Investigational New Drug application for a Phase 1 study of its six-month or longer subdermal formulation of nalmefene, an opioid antagonist, intended for the prevention of relapse following opioid detoxification in adults with Opioid Use Disorder.

Short Squeezes

Clovis Oncology Inc. (NASDAQ: CLVS) took out its 200-day simple moving average resistance and a few other resistance levels, on Friday. After hitting a high of $3.25, on Friday, it closed the week at $2.77, 60 cents (+27.65%) higher, on over 104 million shares.

Revlon (NASDAQ: REV) continues to consolidate and closed Friday at $5.72, down $0.11 (-1.89%), on over 5 million shares. The 20-day simple moving average just crossed the 50-day simple moving average, so it could strengthen.

Although Redbox Entertainment (NASDAQ: RDBX) closed Friday in the red, at $6.22, down a nickel (-0.80%), on over 2 million shares traded. it appears to be consolidating and could begin to run, again, in the next week or two.

bluebird bio, Inc. (NASDAQ: BLUE) is another heavily shorted stock that’s been consolidating and it looks like it wants to keep squeezing higher. It closed last week at $5.15, up $0.13 (+2.59%), on 6.8 million shares, during Friday’s session.

24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Connect with 24/7 Market News on social media

https://www.facebook.com/247MarketNewsHQ/

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.

DISCLAIMER:

24/7 Market News (24/7MN) is a third party publisher and news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.

Materials in this release are informational and should never be considered research. You must do your own due diligence by reading all available public information. This release is a corporate public statement, and believed to be reliable. The principle editor of 24/7 was contracted for six months of coverage beginning November 18, 2020 and received warrants for the publication and dissemination of corporate information. The Principle editor also owns shares purchased and will sell them at any time of his choosing without notice, which is viewed as a conflict of interest. 24/7 makes no representations and warranties to the completeness of materials provided and are subject to change without notice. 24/7 is not responsible for any gains or losses which result from our opinions or coverage expressed in our emails or our site and readers are cautioned that investing has risks and you may lose all or a portion of your money.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information. 

Cautionary Statement Regarding Forward Looking Information

Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

CONTACT:

24/7 Market News

RelatedNews

[email protected]

Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist