GlobeImmune (GBIM) Very Bullish Session; Athersys (ATHX) Upward Earnings-Reaction
The price of GlobeImmune Inc. (Nasdaq:GBIM) stock soared more than 134% to touch the $2.67 mark in intraday trading Friday, finally closing at $2.38, up $1.24 (or +108.77%), with a total volume of 4,974,627 shares traded during the day, representing a huge increase in activity versus its average volume (3m) of 40,997. However, there appears to be no recent news from or even about the company in the street that may explain the stock’s rally.
GlobeImmune, which focuses on developing therapeutic products for cancer and infectious diseases based on its proprietary Tarmogen platform, has 5.75M Shares Outstanding, Market Capitalization (intraday) of $13.69M and GBIM stock 52-week range is between $0.72 and $10.95 per share
Brokerage firm Maxim Group reiterated a Buy rating on Athersys, Inc. (Nasdaq:ATHX) stock and raised its price target from $5.00 to $10.00 after the company delivered strong financial performance in its quarterly financial results
For the fourth quarter 2015, Athersys posted revenues of $10.6 million – including a $10 million license fee from Chugai – compared to $0.2 million in the same period the prior year, and net income of $3.6 million (also including the Chugai license fee), or $0.04 per diluted share, versus a net loss of ($6.6) million, or ($0.08) per diluted share in the same quarter a year ago.
ATHX stock closed at $2.18, up $0.35 (or +19.13%), and 6,436,726 of its shares exchanged hands on Friday’s trading session
Athersys, an international biotechnology company, has 83.33M Shares Outstanding, Market Capitalization (intraday) of $181.66M and ATHX stock one-year range is from $0.90 to $3.43 per share
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