DENVER, Colo., May 6, 2019- (24/7MarketNews via COMTEX)- Keep an eye on these five listings, for the week of May 6, 2019, based on recent announcements, activity, and/or anticipated upcoming events.
Last week’s IPO hero, Beyond Meat (NASDAQ:BYND), has only traded two sessions, but even after increasing its IPO share count and price, while raising almost a quarter of a billion dollars, there was plenty of meat left on the shares by the time they hit the public market and the price skyrocketed by 163% in its first session.
Organigram Holdings (OTCQX:OGRMF) (TSE:OGI), the second largest seller of recreational cannabis in Canada, which filed, on Friday, to list its stock on the NASDAQ, in a month. That move will likely keep the spotlight on Organigram, Canopy Growth Corp. (NYSE:CGC) (TSE:WEED), and rest of the cannabis sector, which may be in play during this period. With fund ownership of about 11% of Organigram shares, according to FactSet, the move should help increase Organigram’s institutional investor base.
Looking forward, there are several anticipated quarter earnings calls this week, including Plug Power (NASDAQ:PLUG), which is scheduled to announce its 2019 first quarter results, on May 8, 2019, followed by Axsome Therapeutics (NASDAQ:AXSM), which reports its first quarter 2019 financial results, on the next day.
Plug Power, which bills itself as “a leading provider of hydrogen engines and fueling solutions enabling e-mobility” and is currently holding better than a double on the year. The day after Plug Power announces its 2019 first quarter results, it will hold its annual shareholder meeting May 9, 2019, with a playback of both calls will be available online, following the events, at www.plugpower.com for a limited time.
Axsome Therapeutics a clinical-stage biopharmaceutical company that is focused on developing central nervous system (CNS) disorder therapies, will report, at 8:00 AM Eastern Time on May 9, 2019, its first quarter financial results and provide a business update. A recording of the conference call will be posted at www.axsome.com for about a month following the live event.
Connect with 24/7 Market News on social media:
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 provides comprehensive corporate communications resources and tools to engage the investment community.
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.
The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable. 24/7MN makes no representations as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. 24/7MN and/or its affiliates are not responsible for any gains or losses that result from the opinions expressed and are not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.
For further information on 24/7 Market News, please go to www.247marketnews.com
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan,” or “planned,” “will,” or “should,” “expected,” “anticipates,” “draft,” “eventually,” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and 24/7MN undertakes no obligation to update such statements
24/7 Market News