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COCP Stock: Coronavirus Drug Licensing and $11 Million Direct Offering

February 27, 2020 admin Comments Off on COCP Stock: Coronavirus Drug Licensing and $11 Million Direct Offering

COCP stock took off early this week and investors are keeping a close watch. However, why did this happen to begin with?
Cocrystal Pharma (Nasdaq: COCP) announced a licensing agreement with the Kansas State University Research Foundation (KSURF) for coronavirus drug candidates. With rising concerns over the virus, Cocrystal is looking to progress its research with preclinical and clinical testing.
Moreover, it announced an $11 million registered direct offering priced at-the-market. Several “institutional investors” are in agreement to purchase 8,461,540 shares of its common stock at a price of $1.30 per share. The direct offering expects to close on or around March …read more […]

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Why the impact of the coronavirus on stocks could be ‘short lived’: Expert

February 27, 2020 admin Comments Off on Why the impact of the coronavirus on stocks could be ‘short lived’: Expert

The market selloff is escalating as fears regarding the coronavirus outbreak continue to impact stocks. However, Fross & Fross Wealth Management Co-Founder says that he expects the impact to be “short lived”. He joins Yahoo Finance’s On the Move panel to discuss. …read more […]

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Actor Steven Seagal Fined by SEC for Touting Token Offering

February 27, 2020 admin Comments Off on Actor Steven Seagal Fined by SEC for Touting Token Offering

(Bloomberg) — Hollywood actor Steven Seagal became the latest celebrity punished for failing to disclose that he was being paid to promote a digital coin as part of U.S. regulators’ ongoing crackdown on token offerings.Seagal, a 67-year-old action star who appeared in films such as “Under Siege” and “Above the Law,” was promised $250,000 in cash and $750,000 worth of tokens for touting an initial coin offering from a company called Bitcoiin2Gen, the Securities and Exchange Commission said in a Thursday statement. In social media posts, Seagal urged fans not to miss out on the token offering. A press release …read more […]

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Tesla Sinks on Weak China Registrations Before Brunt of Virus

February 27, 2020 admin Comments Off on Tesla Sinks on Weak China Registrations Before Brunt of Virus

(Bloomberg) — Tesla Inc. shares fell after China registration data indicated a significant sequential slowdown in demand before the electric-car maker started feeling the brunt of any impact from the coronavirus.Registrations of new Tesla cars plunged 46% to 3,563 in January from December, according to state-backed China Automotive Information Net, which gathers industry data based on insurance purchases. Of the January registrations, 2,605 were for cars built in China.While Tesla had bucked the trend in China’s waning electric-car market in the previous two months, the January drop shows that the U.S. brand isn’t immune to challenges the broader industry is …read more […]

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3 “Strong Buy” Stocks Holding Steady Amid Coronavirus Concerns

February 27, 2020 admin Comments Off on 3 “Strong Buy” Stocks Holding Steady Amid Coronavirus Concerns

Coronavirus fears have weighed heavily on the market, and investors are seeking refuge. While the situation in China is reportedly improving, health officials warn the spike in new cases throughout the rest of the world underscores the risk of a global pandemic. These statements have rattled financial markets; in the last five days alone, the S&P 500 and NASDAQ indexes have shed 8% and 9% of their value, respectively.Against this backdrop, Wall Street pros remind investors not to panic and rush to a sell-off, pointing out that a select group of tickers still represent compelling opportunities. So, as the broader …read more […]