THE TIKI HUT FUND | MONDAY’S BIGGEST MOVERS
Schizophrenic Trading in Reviva Pharmaceuticals (RVPH) up 101%
Shares of Reviva Pharma soared 76.6% in trading on Monday after the company said its experimental treatment for schizophrenia met the primary endpoint in a mid-stage clinical trial. Reviva said that the investigational therapy, brilaroxazine, met all safety endpoints and helped with “social functioning and cognition” in the randomized, placebo-controlled, double-blind Phase 2 clinical study. (MW). News
MicroVision, Inc. (MVIS) | Jumps Again Up, This Time 47%
MicroVision has become a favorite stock among the 9.9 million members of Reddit’s WallStreetBets group. With nearly 20% of the company’s shares held short, traders are attempting to coordinate their purchases on social media sites in hopes of igniting a short squeeze. Those rascally rascals.The bears, however, claim that MicroVision’s stock has risen to levels that are unsupported by its current financial metrics and near-term growth prospects. Thus, they claim its share price is poised to fall. News
CB Scientific (CBSC) $0.83: My-Cam™ and My-Cardia™ the Ultimate ‘Any-Doctor-Anywhere’ Telehealth Monitoring Application.
X Financial (XYF) Powers 39% Higher on Powerful Numbers.
X who? We don’t get it. Numbers looked horrible. X Financial is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. News
Proofpoint, Inc. (PFPT) up $40 a Share, What the – Who Needs Penny Stocks?
Imagine having sold on Friday at $130 (or if you bought!). A cybersecurity company Proofpoint announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values Proofpoint at approximately $12.3 billion. News
Casper Sleep Inc. (CSPR) Awakes up 27%
Shares of Casper Sleep Inc. awoke after the Wedbush analyst Seth Basham turned bullish for the first time on the mattress-in-a-box company, citing “attractive” valuation and a clear and balanced path forward between revenue growth and profitability. Basham raised his rating to outperform, after being at neutral since he started covering Casper in February 2020, after the stock went public earlier that month. He lifted his stock price target to $10.50 from $10.00 (MF). News.
Drone Maker Draganfly: Draganfly Announces Record Revenue in Fourth Quarter and Fiscal 2020 Financial Results
Asensus Surgical, Inc. (ASXC) Up 25% | Is Rebound Underway?
After a brutal fall from a $6.30 peak in February – they’ve had a great week coming up from $1.40 on April 21st. Is it headed back to old highs? Wish we knew. Used to be called TransEnterix (TRXC). Pioneered Performance-Guided Surgery to increase surgeon control and reduce surgical variability. Bullish SeekingAlpha report | News.
United Time Technology (UTME) | There is Money to be Made in Chinese Stocks!
The first thing to know, is UTime went IPO at $4.00 just three weeks ago. Long live Boustead Securities for making bank for its customers! That’s a market cap from $33 million (@$4) to $882 million (@$107) in two days! It was worth $370 million yesterday at $45. UTime IPO Evokes Dot-Com Era’s Giddiness With 2,600% Rally.
Dalrada Corp (DFCO): Dalrada (DFCO) Records First Sales of LikidoVOLT® Independent Power Generators With Hidden Villa Ranch
