Drug Stock Doubles on Flu Vaccine Update

Vaxart stock is having a historical session

Oct 4, 2018 at 2:54 PM
facebook X logo linkedin

The Dow is set to snap its five-day win streak as bond yields rise. Three stocks making notable moves are drugmaker Vaxart Inc (NASDAQ:VXRT), semiconductor concern Rudolph Technologies Inc (NYSE:RTEC), and possible Chinese hack target Super Micro Computer, Inc. (NASDAQ:SMCI). Below we'll take a closer look at what's moving shares of VXRT, RTEC, and SMCI.

Vaxart Jumps on Flu Vaccine Update

VXRT stock is rallying thanks to a positive mid-stage trial update for its experimental flu vaccine. In fact, the shares have more than doubled, up 121.2% at $6.15, set to close above the 200-day moving average for the first time since March. At the same time, they earlier topped out just near their year-over-year breakeven level.

Looking at some sentiment data on Vaxart, short sellers control 6.8 days' worth of buying power, based on average daily trading volumes. We would generally consider this an elevated reading, suggesting short covering could help fuel more upside for the equity.

Guidance Update Sends RTEC Shares Spiraling

RTEC shares are down 18.7% at $19.49, hitting a new 52-week low of $19.36 earlier, after the company cut its current-quarter outlook. In response, analysts at Stifel and Dougherty dropped their respective price targets to $30 and $27.50.

Rudolph Technologies has given back 35% in the past three months, and this underperformance could encourage more analysts to respond bearishly. For example, all five analysts in coverage have "buy" or "strong buy" ratings right now.

Bloomberg Report Crushes SMCI Stock

Super Micro Computer is the center of the biggest story on Wall Street today, with Bloomberg reporting the companies' motherboards were compromised by Chinese spies. The company continues to refute the report, however. Still, SMCI stock has fallen 46.1% to $11.53, earlier hitting a five-year low of $8.50. It was already in a multi-year downtrend, and is now set for its worst single-day percentage loss on record.



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.