24/7 Market News- The Market continues to Flirt with New Highs

DENVER, Colo., Aug 18, 2020- With the market testing new highs, $CVAC $CODA and $OSTK are making headlines.

 

CureVac (NASDAQ:CVAC) followed Friday’s IPO, where its price more than tripled, as it raised $213M, tacking on an additional $21.30 by yesterday’s close, for a nearly 400% gain from its IPO price. Its prospectus stated, “Our vision is to revolutionize medicine and open new avenues for developing therapies by enabling the body to make its own drugs.” Proceeds will be used to fund clinical research, R&D, to expand manufacturing facilities and for general corporate purposes.

 

Coda Octopus Group (NASDAQ:CODA) announced this morning that it restarted the GEN 1.0 Diver Augmented Vision Display (DAVD) system roll-out program to the U.S. Navy fleet. The project, which is sponsored by the Office of Naval Research (ONR), through an ONR Future Naval Capabilities program, is back on track, after a pandemic pause in early March 2020. Coda, a global leader in real-time 3D sonar technology and real-time subsea intelligence, plans to swiftly roll-out the ground-breaking diver management system. For further information on Coda, please visit http://www.codaoctopusgroup.com.

 

Overstock.com (NASDAQ:OSTK) shot up another 25%, in yesterday’s session, and, by afterhours, its market cap topped the $5 billion mark for the first time. Overstock continues one of the most impressive momentum runs, since bouncing off its all-time lows in mid-March, after reporting a big jump in online sales amid the COVID-19 pandemic, which it credited to pandemic related online-shopping and home-improvement trends.

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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.

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