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FOCUS LIST🔎
WINT – Up over 100% in pre after providing update on Istaroxime clinical development and upcoming clinical trial data
CREV – Up over 120% in pre after announcing that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1
BFI – Up over 60% in pre after reaching legal settlement agreement with Lion Point Capital, LP
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HOTLIST🔥
WINT – Up over 100% in pre after providing update on Istaroxime clinical development and upcoming clinical trial data
Windtree Therapeutics Inc. (WINT) is a biotechnology company that focuses on the development of therapeutics for the treatment of acute cardiovascular diseases.
In the after-hours yesterday, the company announced an update of Istaroxime in both clinical and business development.
Istaroxime is a novel first-in-class therapy that is designed to improve systolic contraction and diastolic relaxation of the heart while also increasing blood pressure and maintaining or improving renal function. It has been studied in three positive Phase 2 trials enrolling patients with acute heart failure (AHF) and early cardiogenic shock.
In line with previous guidance, the Company expects its Phase 2 SEISMiC Extension Study in SCAI Stage B early cardiogenic shock patients to complete enrollment in the next several weeks and report topline data by the end of this quarter.
The stock traded up over 100% in the pre-market in reaction to the results.
The first target for bulls is the potential resistance level at $7 and then the pre-market high at $7.88.
Beyond that, $8.70, $9.50 and $10 come into play.
Below $7, targets to the downside are $6.50, $6, $5.50, $5, $4.50, $4 and then a gap fill at $3.29.
CREV – Up over 120% in pre after announcing that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1
Carbon Revolution Public Limited Company (CREV) manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools.
In the pre-market this morning, the company announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1.
Carbon Revolution CEO Jake Dingle stated:
“It has been a great honor to work with General Motors (GM) again. This will be the third Corvette to feature our carbon fiber wheels,”. “Our team harnessed its extensive engineering and manufacturing experience to come up with a wheel befitting of the highest-performance Corvette we’ve ever seen.”
CREV stock traded up over 120% in the pre-market in reacted to the news.
The first target for bulls is $13.28 and then the pre-market high at $14.29.
Beyond that, $15, $16 and $17 come into play.
Below $13.28, targets to the downside are $12, $11.26, $10, $9, $8, $6.70 and then a gap fill at $6.17.
BFI – Up over 60% in pre after reaching legal settlement agreement with Lion Point Capital, LP
BurgerFi International, Inc., together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants under BurgerFi and Anthony’s brand name in the United States.
In the after-hours yesterday, the company announced that it and Lion Point Capital, LP entered into a settlement agreement pursuant to which, among other things, the company and Lion Point agreed to resolve all claims between Lion Point and the company existing as of, or prior to, the date of the Settlement Agreement related to the previously disclosed litigation initiated by Lion Point against the Company.
Pursuant to the Settlement Agreement, the Company agreed to, among other things, (i) pay Lion Point $1,350,000 in installments in accordance with the schedule set forth in the Settlement Agreement, and (ii) issue to Lion Point 300,000 shares of Series A Preferred Stock (the “Preferred Shares”), in each case subject to terms and conditions set forth in the Settlement Agreement.
David Heidecorn, Chairman of the Board of BFI stated:
“We are pleased to be putting this litigation matter with Lion Point firmly behind us. Our intention is to continue to explore strategic alternatives that we believe would be in the best interests of the Company and its stakeholders, as previously disclosed.”
The stock traded up over 60% in the pre-market in reaction to the news.
The first target to the upside is the prior support level at $0.40 which now becomes potential resistance.
Above it, targets to the upside are $0.45, $0.4750, $0.50, $0.55 and then the after-hours high at $0.61. Beyond that $0.66 and $0.80 come into play.
Below $0.40, targets to the downside are $0.35, $0.30, $0.25 and then a gap fill at $0.2131.
MARKET NEWS 📰
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