Small Cap US Stocks with Positive and Negative News on 5 July 2023

On 5 July 2023, there were a number of small cap US stocks that appeared in financial news. Some of these stocks received positive news, while others received negative news.

Positive News

  • CTI BioPharma (CTIB): Swedish Orphan Biovitrum AB (SOBI) agreed to acquire CTI BioPharma in an all-cash deal for $9.10 per share. This news was seen as positive for CTI BioPharma, as it would provide the company with a significant cash infusion that could be used to fund its research and development pipeline.
  • Applied Digital (APLD): Applied Digital received FDA approval for its CardioMEMS heart failure monitoring device. This news was seen as positive for Applied Digital, as it would allow the company to begin commercializing its device in the US.
  • Vital Energy (VTNR): Vital Energy entered into an agreement to acquire Forge Energy II LLC, a private oil and gas exploration company. This news was seen as positive for Vital Energy, as it would expand the company’s asset base and increase its production capacity.

Negative News

  • Aero Therapeutics (ATRO): Aero Therapeutics announced that it would delay the release of its Phase 2b data for its AERO-001 device. This news was seen as negative for Aero Therapeutics, as it would delay the company’s ability to bring its device to market.
  • Mirati Therapeutics (MRTX): Mirati Therapeutics announced that it would delay the release of its Phase 3 data for its KRAFTOR drug. This news was seen as negative for Mirati Therapeutics, as it would delay the company’s ability to bring its drug to market.
  • Ellington Financial (EFC): Ellington Financial announced that it would delay the release of its Q2 earnings report. This news was seen as negative for Ellington Financial, as it would delay investors from getting an update on the company’s financial performance.

It is important to note that these are just a few of the small cap US stocks that appeared in financial news on 5 July 2023. The overall sentiment of the news coverage for these stocks could change over time, and the impact of the news on their stock prices could also vary.

Title: Small Cap US Stocks with Positive and Negative News on 5 July 2023