Summit Therapeutics PLC (NASDAQ: SMMT) shares made a solid gain early on Thursday after the firm announced that it was awarded an additional $12 million under its contract with the Biomedical Advanced Research and Development Authority (BARDA), a division of the U.S. Department of Health and Human Services.
Keep in mind that this is a sizable chunk of change for Summit, as the stock closed Wednesday with a market cap of $35 million.
Ultimately, these funds will support the Phase 3 development program for ridinilazole, the companys precision new mechanism antibiotic for the treatment of C. difficile infection (CDI).
For some quick background: CDI is caused by an infection of the colon by the bacterium C. difficile, which produces toxins that cause inflammation and severe diarrhea, and in the most serious cases can be fatal.
This award represents the first of three optional awards to be exercised under the BARDA contract. It brings the total committed BARDA funding to $44 million, which includes the base package of $32 million announced in September 2017. If BARDA exercises its remaining options in full, the total funding under the contract would increase to $62 million.
Top 5 Medical Stocks For 2021: Care.com, Inc.(CRCM)
Care.com, Inc. operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities. Its consumer matching solutions provide families access to job posting features, search features, caregiver profiles, and content; and consumer payments solutions allows families to pay a caregiver through Care.com HomePay product. The company offers its services to families, caregivers, and employers, as well as care-related businesses, such as day care centers, nanny agencies, and home care agencies. Care.com, Inc. was founded in 2006 and is headquartered in Waltham, Massachusetts.
- [By Dan Caplinger]
Wall Street was in a celebratory mood on Monday, with market participants being particularly pleased about signs that the domestic economy could find ways to grow even amid a broader global slowdown. The Dow Jones Industrial Average overcame an opening drop of nearly 250 points to finish higher by 200 points, and other major benchmarks were up by as much as 2%. Yet even with a broad-based rally, some stocks weren’t able to participate. Care.com (NYSE:CRCM), AngloGold Ashanti (NYSE:AU), and Spirit AeroSystems Holdings (NYSE:SPR) were among the worst performers. Here’s why they did so poorly.
- [By Shane Hupp]
Care.com Inc (NYSE:CRCM) fell 5.7% during mid-day trading on Thursday . The company traded as low as $21.00 and last traded at $22.80. 699,239 shares were traded during trading, an increase of 54% from the average session volume of 454,439 shares. The stock had previously closed at $24.17.
- [By Garrett Baldwin]
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Shares of General Electric Co. (NYSE: GE) continue to slump. The stock was off another 1%, a day after falling another eight percentage points. The downturn came after its CEO announced its industrial division will be cash-flow negative in 2019. Shares of PepsiCo Inc. (NYSE: PEP) were off 1% this morning after the stock received a downgrade from Credit Suisse Group AG (NYSE: CS). While the Swiss bank called PepsiCo a “high quality” business, it raised concerns about its need to heavily invest over several years into struggling business lines and snack products. It also raised concerns about the ongoing competitive threats in the industry. CS set a price target for Pepsi at $100 per share, which is well below yesterday’s trading price of $116. Look for other earnings reports from American Outdoor Brands Corp.(NASDAQ: AOBC), Burlington Stores Inc.(NASDAQ: BURL), Care.com Inc.(NASDAQ: CRCM), Chuy’s Holdings Inc.(NASDAQ: CHUY), El Pollo Loco Holdings Inc.(NASDAQ: LOCO), GNC Holdings Inc.(NYSE: GNC), H&R Block Inc.(NYSE: HRB), Hovnanian Enterprises Inc.(NYSE: HOV), Plug Power Inc.(NASDAQ: PLUG), andUMH Properties SH(NYSE: UMH).
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Top 5 Medical Stocks For 2021: New Oriental Education & Technology Group, Inc.(EDU)
New Oriental Education & Technology Group Inc., incorporated on January 25, 2006, is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Company’s schools, learning centers and bookstores operate under its New Oriental brand.
As of May 31, 2015, the Company delivers its educational programs, services and products to students through a physical network of 60 schools, 664 learning centers and 28 bookstores operated by it, over 5,000 third-party bookstores and approximately 17,200 teachers, as well as through its online network, which had approximately 10.8 million registered users. In addition, the Company has a network of students and alumni. The Company’s program, service and product offerings are divided into seven areas: test preparation; K-12 after-school tutoring; language training; primary and secondary schools; educational content, software and other technology development and distribution; online education, and other services and products.
Test Preparation Courses
The Company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the PRC and Commonwealth countries. For the year ended May 31, 2015, the Company had approximately 650,000 student enrollments in its test preparation courses, of wh! ich approximately 315,000 were in overseas test preparation courses and 335,000 were in the PRC test preparation courses. The Company offers test preparation courses for the overseas exams: Test of English as a Foreign Language (TOEFL), SAT College Entrance Test (SAT), American College Test (ACT), International English Language Testing System (IELTS), Graduate Record Examination (GRE), Graduate Management Admission Test (GMAT), Law School Admission Test (LSAT), Business English Certificate (BEC) and Test of English for International Communication (TOEIC). In addition, the Company offers test preparation classes for the PRC admissions tests: College English Test Level 4 (CET 4), College English Test Level 6 (CET 6), National Tests for Entrance into Master’s Degree Programs, Professional Title English Test and Public English Test System (PETS). Its students enroll in a 50- to 160-hour program with classes meeting 1 to 6 times per week for approximately 1 to 3 hours per class. The Company also offers intensive and condensed versions of its courses, which are compacted into shorter time periods.
K-12 After-School Tutoring Courses
The Company offers after-school tutoring courses for middle school and high school students. Its after-school tutoring courses for middle school and high school students are designed to supplement students’ regular school curricula and help students achieve scores on entrance exams for admission into high schools or higher education institutions. The Company provides tutoring services to students who seek to retake the gaokao through Tongwen Gaokao School, a private school based in Changchun. The Company’s U-Can All Subjects after-school tutoring courses for middle school and high school students last for 8 to 16 weeks with classroom instruction 1 to 4 times per week for 1.5 to 4 hours per visit. It also offers intensive and condensed versions of its courses, in particular during the summer months when many academic institutions are on summer break. The si! zes of th! ese courses range from 6 to approximately 100 students per class. For the year ended May 31, 2015, the Company had approximately 1,131,000 student enrollments in its after-school tutoring courses for middle school and high school students. The Company offers after-school tutoring courses for children. Its Pop Kids All Subjects training program offers after-school tutoring courses in English, math, Chinese, writing, music and arts for children in kindergarten and elementary schools. The Company’s after-school tutoring courses for children are divided into classes of 6 to approximately 25 students per class. Students attend class 1 to 4 times per week for 1.5 to 3 hours per class. For the year ended May 31, 2015, the Company had approximately 799,000 student enrollments in its Pop Kids All Subjects after-school tutoring courses.
Language Training Courses for Adults
The Company provides various types of English language training courses, as well as training courses for other foreign languages, including German, Japanese, French, Korean, Italian and Spanish. Its English for adults program offers courses designed to teach and improve students’ English writing, reading, listening and speaking skills. Its schools and learning centers also have language labs at which its students can listen to and recite spoken passages on compact discs (CDs) and audio tapes to improve their listening and speaking skills. A course lasts for 6 to 12 weeks with classroom instruction 1 to 4 times per week for 1.5 to 4 hours per visit. It also offers intensive and condensed versions of its courses, in particular during the summer months when many academic institutions are on summer break. The sizes of its English courses for adults range from 6 to approximately 100 students per class. For the year ended May 31, 2015, the Company had approximately 125,000 student enrollments in its English courses for adults.
Primary and Secondary Schools
The Company’s private primary and secondary! school i! s located in Yangzhou. It is a private boarding school for students in grades 1 to 12 seeking a full curriculum taught in both Chinese and English, with an emphasis on English language training. The Yangzhou private school has a capacity of up to 4,000 students. As of May 31, 2015, there were over 3,800 students at the Yangzhou school. The Company started an international high school program within the Yangzhou school. The Company’s international high school provides students with a full curriculum of high school education while preparing them for admission into foreign universities.
Educational Content, Software and other Technology Development and Distribution
The Company develops and edits educational materials for language training and test preparation, such as books, software, CD-read-only-memory (ROMs), magazines and other periodicals. It distributes these materials through various distribution channels, consisting of its classrooms and bookstores, as well as third-party distributors. In the fiscal year ended May 31, 2015, the Company developed and edited about 182 titles and distributed approximately 12.3 million books authored or licensed by it in China.
The Company offers online education programs on its Website www.koolearn.com and www.koo.cn. As of May 31, 2015, approximately 10.8 million users had registered accounts with it, with access to free informational content on its Website. In the fiscal year ended May 31, 2015, the Company had approximately 288,000 users that paid for additional access to its specialized education programs. These users purchase pre-paid cards that give them the right to use its paid content for a specific period of time or for specific courses. The Company offers approximately 4,400 online courses, including language training courses, test preparation courses, professional certification courses, and business knowledge and skills training courses in the areas of accounting, legal, management and ot! hers. It ! has live interactive online courses, as well as courses that allow students to view replays of pre-recorded lectures. As a supplement to its online courses, the Company also offers online study services, including course planning, testing, composition correcting and one-on-one tutoring. Partially through its Koolearn.com Website, the Company also offers enterprise clients customized training services.
The Company’s consultants help students through the application and admission process for overseas educational institutions and provide college, graduate and career counseling advice to help students make informed decisions. The Company also counsels students with the immigration process for overseas studies, such as obtaining visas and housing. The Company has kindergarten in Beijing, Nanjing and Yangzhou. As of May 31, 2015, there were approximately 570 students at these three kindergartens. The Company has a kindergarten chain in the city of Qingdao with three schools, which had approximately 740 students as of May 31, 2015. The Company permits third parties in cities to offer its Pop Kids English program under a brand name cooperation model. As of May 31, 2015, there were a total of 18 brand cooperation schools offering its Pop Kids English program.
The Company competes with Global IELTS School, TAL Education Group and Xueda Education Group.
- [By Lee Jackson]
This company is way under the radar, but it had an earnings bonanza for shareholders. New Oriental Education & Technology Group Inc. (NYSE: EDU) is the largest private education service provider in China, with exposure to overseas test preparation, domestic test preparation, K-12 tutoring, language training, online education and more.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on New Oriental Education & Tech Grp (EDU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
EduCoin (CURRENCY:EDU) traded 1.8% lower against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on October 6th. EduCoin has a total market cap of $0.00 and $1.09 million worth of EduCoin was traded on exchanges in the last day. During the last seven days, EduCoin has traded 5.9% lower against the U.S. dollar. One EduCoin token can currently be bought for approximately $0.0004 or 0.00000007 BTC on exchanges.
- [By Shane Hupp]
FDx Advisors Inc. lowered its stake in shares of New Oriental Education & Tech Grp (NYSE:EDU) by 66.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,172 shares of the company’s stock after selling 6,163 shares during the quarter. FDx Advisors Inc.’s holdings in New Oriental Education & Tech Grp were worth $300,000 at the end of the most recent quarter.
Top 5 Medical Stocks For 2021: Fitbit, Inc.(FIT)
Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the users phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.
- [By Evan Niu, CFA]
Google has so far struggled in making a name for itself in wearables and smartwatches, as Wear OS (initially named Android Wear) failed to gain any meaningful traction and many prominent hardware partners ditched the platform. Apple and Fitbit (NYSE:FIT) currently lead the way in smartwatches, but Google hopes to take another swing with its forthcoming Pixel Watch. As part of those efforts, Google recently bought smartwatch tech and acqui-hired employees from Fossil for $40 million.
- [By Daniel Sparks]
Three stories in tech stood out this week.
Fitbit (NYSE:FIT) showed off new devices with an emphasis on affordability. Facebook (NASDAQ:FB) CEO Mark Zuckerberg shared the company’s plans to beef up messaging and stories on its platforms. Eventbrite’s (NYSE:EB) stock took a big hit after its quarterly results came out.
Here’s a closer look.
- [By Stephan Byrd]
Press coverage about Fitbit (NYSE:FIT) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fitbit earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave news coverage about the scientific and technical instruments company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Top 5 Medical Stocks For 2021: vTv Therapeutics Inc.(VTVT)
vTv Therapeutics Inc., a biopharmaceutical company, discovers, develops, and sells orally administered small molecule drug candidates worldwide. The companys drug candidate for the treatment of Alzheimers disease comprise azeliragon (TTP488), an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts, which is in Phase III clinical trials. Its type 2 diabetes drug candidates include TTP399, an orally administered, liver-selective glucokinase activator that has been completed Phase IIb clinical trials; and TTP273, an orally administered, non-peptide agonist that targets the glucagon-like peptide-1 receptor, which is in Phase II clinical trials. The company has a license and research agreement with Calithera Biosciences, Inc. to develop, and commercialize its hexokinase II inhibitors for therapeutics, prophylactic, preventative, or diagnostic use. vTv Therapeutics Inc. was founded in 2015 and is headquartered in High Point, North Carolina.
- [By Money Morning Staff Reports]
On Tuesday (Oct. 2), shares of vTv Therapeutics Inc. (NASDAQ: VTVT) surged 149% on reports that the commercial therapy firm received a sizable investment from the MacAndrews & Forbes Group, one of the world’s leading investment firms.
- [By Stephan Byrd]
Millennium Management LLC grew its stake in shares of vTv Therapeutics Inc (NASDAQ:VTVT) by 51.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,031 shares of the biotechnology company’s stock after buying an additional 32,362 shares during the quarter. Millennium Management LLC owned about 0.29% of vTv Therapeutics worth $387,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Money Morning News Team]
vTv Therapeutics Inc. (Nasdaq: VTVT) is a North Carolina-based biopharmaceutical company.
vTv concentrates on developing orally administered, small-molecule drugs to treat a variety of issues such as diabetes and Alzheimer’s disease.
- [By Lisa Levin] Gainers
Turtle Beach Corporation (NASDAQ: HEAR) surged 87.1 percent to $12.98 after the company reported Q1 results and raised its FY18 outlook.
ARMO BioSciences, Inc. (NASDAQ: ARMO) shares jumped 66.8 percent to $49.735 after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
vTv Therapeutics Inc. (NASDAQ: VTVT) gained 34 percent to $2.2920 following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
Prestige Brands Holdings, Inc. (NYSE: PBH) climbed 22.3 percent to $34.84 after the company posted upbeat Q4 earnings.
Depomed, Inc. (NASDAQ: DEPO) shares jumped 22.2 percent to $7.28 following better-than-expected Q1 earnings.
Everspin Technologies, Inc. (NASDAQ: MRAM) gained 19.8 percent to $8.89 after the company reported strong results for its first quarter.
Luxfer Holdings PLC (NYSE: LXFR) surged 19.8 percent to $17.10 following Q1 results.
Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 18.3 percent to $2.26 after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
Intelligent Systems Corporation (NYSE: INS) gained 17 percent to $7.116.
Green Dot Corporation (NYSE: GDOT) surged 15.3 percent to $73.00 after reporting upbeat Q1 earnings.
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) climbed 15 percent to $28.85. Chefs' Warehouse posted Q1 earnings of $0.03 per share on sales of $318.6 million.
Westport Fuel Systems Inc. (NASDAQ: WPRT) rose 14.2 percent to $2.9701.
Wright Medical Group N.V. (NASDAQ: WMGI) jumped 13.8 percent to $23.87 after reporting upbeat quarterly earnings.
Diplomat Pharmacy, Inc. (NYSE: DPLO) gained 13.4 percent to $22.70. Diplomat named Brian Griffin as Chairman and CEO.
Carvana Co. (NYSE: CVNA) shares rose 13 percent to $27.97 after reporting upbeat Q1 sales.
Prothena Corporation plc (NASDAQ: PRTA) gained 12 percent to $15.19
Top 5 Medical Stocks For 2021: Profire Energy, Inc.(PFIE)
Profire Energy, Inc. designs, assembles, installs, sells, and services oilfield combustion management technologies for the oil and gas industry. Its products and services aid oil and gas producers in the production and transportation of oil and natural gas. The company offers burner-management systems that monitor and manage burners, as well as related products, such as flare stack igniter and nozzles, valves and fuel train components, secondary air plates, valve actuators, and solar packages. It also provides chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected. Profire Energy, Inc. sells and installs its systems in Western Canada, the United States, France, Italy, Russia, Ukraine, India, Nigeria, the Middle East, Australia, and Brazil. The company is headquartered in Lindon, Utah. Profire Energy, Inc. is a subsidiary of The Flooring Zone, Inc.
- [By Joseph Griffin]
Acadian Asset Management LLC lessened its stake in shares of Profire Energy, Inc. (NASDAQ:PFIE) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,579 shares of the oil and gas company’s stock after selling 34,956 shares during the quarter. Acadian Asset Management LLC owned approximately 0.47% of Profire Energy worth $328,000 at the end of the most recent reporting period.
- [By Joseph Griffin]
Profire Energy (NASDAQ:PFIE)’s stock had its “buy” rating restated by equities researchers at Maxim Group in a research report issued to clients and investors on Friday. They currently have a $7.00 price target on the oil and gas company’s stock. Maxim Group’s price target would suggest a potential upside of 114.07% from the stock’s previous close.
- [By Joseph Griffin]
Profire Energy, Inc. (NASDAQ:PFIE) was the recipient of a large growth in short interest in June. As of June 29th, there was short interest totalling 3,602,194 shares, a growth of 696.7% from the June 15th total of 452,167 shares. Based on an average daily trading volume, of 1,769,785 shares, the short-interest ratio is presently 2.0 days. Currently, 10.9% of the shares of the stock are sold short.