Penny Stock VLRX Pops on CBD Study Results

VLRX and MNTA are two healthcare stocks to monitor today

Jul 30, 2019 at 9:47 AM
facebook twitter linkedin

One stock making a notable move this morning is Valeritas Holdings Inc (NASDAQ:VLRX), which is gaining 13.2% to trade at $2.83, thanks to news the company used its proprietary h-Patch technology to effectively deliver cannabidiol (CBD) subcutaneously. The news could help VLRX shares gain some attention on Wall Street, where right now only two analysts are in coverage -- though they're quite bullish, based on the average price target of $13.

From a broader view, Valeritas stock has done nothing but slide on the charts this year after trading above $30 in late 2018, sporting a year-to-date deficit of more than 60% through last night's close. Even with today's gains, the shares are sitting below the 50-day moving average that has acted as resistance in recent months.

Another healthcare name making moves today is Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA). The Food and Drug Administration (FDA) granted the company's treatment for hemolytic disease of the fetus and newborn (HDFN) fast track designation. This news has the shares up 2.2% at $10.87, as they try to battle back from their three-year low of $9.51 from last week. Year-over-year, MNTA as given back 63%.

There's a notable setup in the options pits, too, even though Momenta sees light volume on an absolute basis. Still, the Schaeffer's put/call open interest ratio (SOIR) of 2.41 ranks in the 98th annual percentile, showing that those who have speculated on MNTA with short-term contracts are unusually put-heavy at the moment.



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1