(24/7 MARKET NEWS) Yesterday we stated that Decibel Therapeutics (NASDAQ: DBTX) shares were “poised to gain as they report top line data from Phase 1 trial” and that’s exactly what’s happening today, as it’s trading at $3.79, $1.14 (+43.02%) higher, on nearly 3 million shares.
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) shares are at $0.326, up $0.207 (+173.95%), on over 445 million shares traded. Allena hit a high of $0.44, after it cancelled its recent dilutive Common Shares Sales Agreement, and, provided that it can hold the $0.32, it may make another run at the high of the day.
Interesting Charts
Catalyst Biosciences Inc. (NASDAQ: CBIO) shares are up $0.215 (+14.24%), at $1.725, on nearly 23 million shares traded, on news that the company will distribute its cash to shareholders. Catalyst Biosciences has been trending up for more than a month and, if it can break through the $2 level resistance, it would have a gap between that and $3.
Trevi Therapeutics, Inc. (NASDAQ: TRVI) announced Positive Results this morning and hit a high of $2.78. It’s now at $2.28, up $0.26 (+12.87%), on more than 48 million shares, and it has a compelling chart.
Squeezes
Bluebird bio Inc. (NASDAQ: BLUE) is trending up, again, at $4.5096, up $0.4696 (+11.62%), on over 6 million shares. Bluebird may become a short squeeze play.
Volume is the story with Endo International PLCs (NASDAQ: ENDP), so, although it’s down $0.1339 (-18.86%), at $0.5761. the more than 134 million shares traded is worthy of keeping an eye on this one.
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