![]() Late last month, Voyager, a gene therapy company, presented positive preclinical data showing that a single IV dose of its GBA1 gene replacement therapy was able to raise levels of specific enzymes (GCase) in in-vivo and in-vitro models. ![]() These weren’t the only headlines to spark attention for the stock. There is an upfront $30 million payment and the potential to earn up to $580 million. This deal gives Pfizer the right to evaluate novel capsids chosen for the central nervous system and cardiac tropisms from the TRACER platform. ( NYSE:PFE) for capsids generated from Voyager’s RNA=driven TRACER screening technology. The driving catalyst for this breakout move came as Voyager announced a licensing option agreement with Pfizer Inc. Following a hard drop to 52-week lows of $2.46 on October 5, VYGR stock exploded to highs of $5.73 during the sessions to follow. Shares of Voyager Therapeutics have run the gamut for the last month. Kala Pharmaceuticals Inc.( NASDAQ:KALA).Voyager Therapeutics Inc.( NASDAQ:VYGR).But since this is a popular trend, this article will focus on five more penny stocks with higher levels heading into the start of November. Now, just because a stock has a higher level of short interest, it doesn’t mean it’s due to squeeze for sure. You end up with a snowball effect, and thus, we see big moves from famous meme stocks like AMC Entertainment ( NYSE:AMC), GameStop ( NYSE:GME), and plenty of other examples from earlier this year. In this case, a trader who’s short will repurchase the stock at higher prices, taking a loss.īut as more buying from retail comes in, more shorts get “squeezed” out of their position and are forced to cover their short. Since the trader still needs to return the borrowed shares, it doesn’t matter the share price they only need to return a set amount of shares. However, if a stock’s price doesn’t decrease and, instead, increases, this is where you start seeing short squeezes materialize. Read more: Best Penny Stocks to Buy Right Now? 3 to Watch This Month If/when they are correct, and the stock price declines, they’ll take a portion of that cash and repurchase the same amount of shares at the lower price, return those shares to their broker, and keep the remaining cash as profit. To execute a successful short, that trader will borrow shares from their broker, sell them into the open market and take in cash. When a trader “shorts” a stock, they are taking a bet that share prices will decline. So what is a short squeeze anyway? If you’re new to this stock market theme, you should first know some of the basics and lingo. Today, those same stocks continued trading higher during the early morning session on November 1. This continues our list of penny stocks from last week, “ 5 Short Squeeze Penny Stocks To Watch Today” where we took a closer look at a handful of other stocks. In today’s article, we’re looking at five more penny stocks with higher short interest, according to data from Fintel. One of these themes is “short squeeze stocks,” or, rather, stocks with higher levels of short interest. Besides that, however, other trends in the stock market today are helping traders find new ways to capitalize on different themes. Penny stocks have continued offering this “edge” simply by presenting opportunities to profit from slight price movement quickly. If you’re like most traders right now, you’re looking for an edge.
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