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Mira Pharmaceuticals stock is down on Tuesday as the clinical-stage pharmaceutical company’s shares come off of a major rally on Monday.
Shares of MIRA stock closed out Monday’s normal trading hours up 627.4%. That came alongside heavy trading with more than 153 million shares traded. For comparison, its daily average trading volume is about 3.2 million shares.
Mira Pharmaceuticals stock experienced this rally after releasing data from a pre-clinical study of Ketamir-2. This is the company’s novel oral ketamine analog designed to treat neurological and neuropsychiatric disorders.
The big news here is that the results were positive. This has the company excited about the prospect of furthering the development of Ketamir-2 and submitting an investigational new drug (IND) application for it.
MIRA Stock Movement on Tuesday
Considering the massive rally MIRA shares underwent yesterday, it makes sense they would give up some of those gains in the days to follow. This has the stock dropping 27.4% as of Tuesday morning.
Today’s dip comes with more than 5.5 million shares changing hands this morning. That’s already above its daily average trading volume but is well below yesterday’s heavy trading.
Investors who are seeking out even more of the most recent stock market stories today will want to keep reading!
We have all of the hottest stock market news that traders need to know about on Tuesday! That includes everything happening with shares of TransCode Therapeutics stock, Nature’s Miracle stock and Warrantee stock today. All of this info is ready to go at the links below!
More Stock Market News for Tuesday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
TransCode Therapeutics stock is taking a beating on Tuesday after the biopharmaceutical company announced the pricing for a public offering of its shares.
TransCode Therapeutics is selling 10 million shares of its common stock for 30 cents each. This has it expecting to raise gross proceeds of $30 million from the public offering of RNAZ stock.
TransCode Therapeutics says it will use the money from this offering mostly for product development activities. That includes more clinical trials of TTX-MC138. This is its lead product candidate for the treatment of metastatic tumors.
What This Means for RNAZ Stock
A public offering increases the total number of outstanding shares on the market. That’s a blow to current investors in RNAZ as it reduces their stakes in the company. This is one reason why TransCode Therapeutics’ stock is falling today.
On top of that, the public offering price is a significant discount over its prior closing price of 79 cents. It makes sense that the price of RNAZ stock would drop with it offering news shares for just 30 cents each.
RNAZ stock is down 62.1% as of Tuesday morning. That comes with about 1.4 million shares traded, as compared to a daily average of around 1.3 million shares.
Investors will want to stick around for more of the most recent stock market stories!
We have all of the hottest stock market news investors need to know about on Tuesday! A few examples include what’s happening with shares of Nature’s Miracle and Warrantee stock, as well as the biggest pre-market stock movers this morning. All of this info is ready to go at the links below!
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Nature’s Miracle stock is on the rise Tuesday alongside heavy pre-market trading of the agriculture technology company’s shares.
This has more than 11 million shares of NMHI stock changing hands as of this writing. That’s quite the surge compared to the company’s daily average trading volume of about 82,000 shares. Its float is also only 8.07 million units.
There is no news from Nature’s Miracle that explains why the stock is up today. However, it could be due to its connection to the cannabis market. It sells lighting and fixtures used by cannabis growers. That sector has been of interest lately with some seeing newly-announced presidential candidate Kamala Harris as positive on marijuana legalization.
It’s also worth mentioning that NMHI is a penny stock. That comes from its low daily average trading volume, prior closing price of just 35 cents and its market capitalization of only $9.26 million.
What That Means for NMHI Stock
All of this shows that Nature’s Miracle’s shares are subject to volatility. This can happen as speculative traders pile into a company’s stock. That might be happening this morning alongside the current Vice President securing the Democratic presidential candidate position.
NMHI stock is up 94.2% as of Tuesday morning.
Investors will want to stick around for more of the most recent stock market stories!
We have all of the hottest stock market news investors need to know about on Tuesday! Among that is what has shares of Warrantee stock up, the biggest pre-market stock movers this morning and more. All of that info is ready at the links below!
More Stock Market News for Tuesday
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Warrantee stock is taking off on Tuesday alongside heavy pre-market trading of the marketing and market research technology company’s shares.
This has more than 24 million shares of WRNT stock changing hands as of this writing. That’s an incredible surge compared to its daily average trading volume of about 123,000 shares. Investors will also note that its float is only 2.84 million units.
Investors will note that this movement comes without any clear news from Warrantee. That includes a lack of press releases or filings with the Securities and Exchange Commission (SEC).
Warrantee has been dealing with internal troubles over the last few months. That includes a delisting warning back in April, as well as the departure of its Chief Financial Officer earlier this year.
What Else to Know About WRNT Stock
Warrantee is a penny stock based on its low prior closing price and market capitalization. That makes it more likely to experience volatility. This could be the result of speculative traders or a pump and dump of its shares.
No matter the case, there’s no arguing that WRNT is a risky investment right now. That means traders will want to be careful about taking a stake in the company today.
WRNT stock is up 129.1% as of Tuesday morning.
Investors will want to stick around for more of the most recent stock market news!
We have all of the hottest stock market happenings worth reading about on Tuesday! That includes the biggest pre-market stock movers this morning and more. All of this info is ready at go at the links below!
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Pre-market stock movers are a hot topic that traders are going to want to know about and we have all of the latest news on Tuesday morning!
Moving stocks this morning are earnings reports, a settlement agreement, the pricing of a public offering and more.
Let’s get into that below!
Biggest Pre-Market Stock Movers: 10 Top Gainers
10 Top Losers
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
Pre-market stock movers are a hot topic on Thursday and we have breakdowns of all the latest news sending shares higher and lower this morning!
Moving stocks this morning are share sales, a new order, a closed public offering and more.
Let’s get into that news below!
Biggest Pre-Market Stock Movers: 10 Top Gainers
10 Top Losers
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More from InvestorPlace
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