Good morning traders! There is a little bit of activity this morning on a couple low float tickers. The First stock on the pre market scanner is (CDTX) Cidara Therapeutics Inc. So far this morning in the Pre Market Trading Sessions CDTX has gone from around the $1.80 cents area, all the way to a Pre Market high of $2.18. Let’s look at some Fundamental Data:
FLOAT: 26 million shares
PREMARKET VOLUME: 2 million
NEWS: Shares have surged due to strategic tie-up worth up to 568 million with Mundipharma.
The next stock that has some activity is (ARDX) Ardelyx Inc. This stock Has a low Float, Half a million shares of volume traded this morning, and good news to report on their medication study data. The Price action has taken this stock from the $3.40 cent area all the way to over $4.50 cent premarket.
Both of these stocks will be on my morning watchlist for Today, I will also be watching a stock that had a really good Trading day during its last Session. That stock is ELTK! Good luck with your trades today and always Manage Risk!