XBIT, GTXI, NDRM Stocks On the Move Today

NDRM is reportedly putting itself up on the auction block, according to Bloomberg

Jun 12, 2017 at 2:22 PM
facebook X logo linkedin

The stock market is trading in negative territory, amid a sharp decline in tech shares. Among the names making volatile moves are healthcare stocks XBiotech Inc (NASDAQ:XBIT), GTx, Inc. (NASDAQ:GTXI), and Neuroderm Ltd (NASDAQ:NDRM). Here's a quick look at what's moving shares of XBIT, GTXI, and NDRM.

XBIT Stock Bounces After Friday's Bear Gap

XBiotech shares hit a record low of $2.77 on Friday, eventually settling with a 66% loss, after the drug maker said it was suspending a late-stage study for its colorectal cancer treatment. While the stock was halted earlier on heaving volume -- 7.9 million XBIT shares have traded so far, easily topping the April 21 52-week peak of 2.6 million shares traded in a single session -- it was last seen trading up 41.6% at $4.53. And though XBiotech shares remain short-sale restricted from Friday, there have been plenty of bearish bets levied toward the stock, with 26.5% of its float is sold short.

Drug Data Sends GTXI Stock To the Top of the Nasdaq

GTx shares have surged 81.2% to trade at $5.60, after the biotech reported upbeat preliminary data from a mid-stage study for its stress urinary incontinence treatment in postmenopausal women. The stock is now back in the black on a year-to-date basis, and on track to close north of its 120-day moving average for the first time since Dec. 15.

It looks as if one group of traders may be breathing a sigh of relief, too. Short interest on GTXI stock plunged 20.5% in the two most recent reporting periods, and now accounts for just 1.1% of the equity's available float.

NDRM Stock Soars on Sale Rumors

Neuroderm is reportedly considering putting itself up on the auction block, according to Bloomberg. While the company has said it is not responding to "market rumors," NDRM stock has surged 12.2% to trade at $24.40, and is on track to close north of its 30-day moving average for the first time since May 3. The surge is likely catching short sellers off guard, considering these bearish bets have more than doubled since early February to 1.17 million shares, or four times NDRM's average daily pace of trading.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI