Tuesday, September 6, 2022

Biotech Company Pops After Clinical Study

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping your post Labor Day coffee you'll see stock futures rose on Tuesday. Investors were attracted to lower prices after three weeks of Wall Street declines. The focus will be on the ECB this week, as rate hikes of 75 points are expected on Thursday.

It's no secret the markets have been rough in 2022. Which is why we're helping War Room members profit and protect themselves with this 'Crash-Proof Asset.'

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IVERIC bio (Nasdaq: ISEE)

IVERIC bio is up 40.47% premarket after the company received positive topline data from a clinical study of ZimuraTM GATHER2. Zimura is a investigational C5 inhibitor, used for the treatment of geographic atrophy of the retina. The company plans to submit a new drug application to the FDA in the first quarter of 2023.

Our friend Alexander Green wants you to know about another game-changing medical stock. Right now this $4 company is up 66.3% since May 11, 2022. And they just won the 2022 MedTech Breakthrough Award.

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MannKind (Nasdaq: MNKD)

MannKind is up 10.05% premarket after successfully completing its Phase 1 study of inhaled clofazimine. The company is focused on the development and commercialization of inhaled therapeutic products with endocrine and orphan lung diseases. Clofazimine is being developed as an inhalation treatment for nontuberculous mycobacterial (NTM) lung disease.

 

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Bed, Bath & Beyond (Nasdaq: BBBY)

Bed, Bath & Beyond is down 15.53% premarket after the death of Chief Financial Officer Gustavo Arnal, which was ruled a suicide by New York City's Medical Examiner. Shares of BBBY have been on a rollercoaster this year. It slumped after the home goods retailer unveiled a turnaround program last week, and went up earlier in August after activist investor Ryan Cohen bought a stake.

 

Digital World Acquisition Group (Nasdaq: DWAC)

Digital World Acquisition Group is down 21.97% premarket after as the company struggles with delays amid its merger with Truth Social, Donald Trump's fledging media group. The deal has been delayed by a series of investigations into Truth Social's dealings with Digital World, and could put an end to the multi-billion deal unless 65% of Digital World shareholders voice support for the deal.

 

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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