Job well done to anyone who was able to take advantage of this juggernaut.
Compugen Ltd. CGEN
This morning, shares of CGEN gapped up significantly on the arrival of news stating that the company had signed a collaboration and license agreement for R&D of antibody-based cancer immunotherapy with pharmaceutical behemoth, Bayer Healthcare.
As part of the agreement CGEN will be entitled to an upfront payment of $10M USD, with the addition of up to $500M in “milestone payments” from Bayer, who will retain commercialization rights to any resulting products, with CGEN receiving a royalty on global net sales.
Read more about the agreement between CGEN and Bayer in this article we published this morning.
IceWEB, Inc. IWEB
IWEB is hanging in there, maintaining support above the 50DMA, and we’d like to see that persist as we begin a new trading week. The stock is currently up 5% at .0271x.0295 at the time of this publication. We also saw news out today announcing a new partnership entered into by IceWEB. Click through below for more details.
Recent Press:
- IceWEB Announces Halodata International as Distributor & Reseller Partner for Southeast Asian Nations Business Wire (TODAY 8:00AM EDT)
- University of Southern California Adopts IceWEB’s IceBOXTM Cloud Collaboration Solution Business Wire (Wed, Jul 31)
- ICEWEB INC Files SEC form 8-K, Other Events EDGAR Online (Tue, Jul 30)
Info @ www.iceweb.com
Options Trading Side Note:
The AAPL Calls we’re following plowed upward as we suggested they might this morning.
The $465 calls were as cheap as 3.15, last trading near the high of day of 6.80. The $460 calls were as cheap as 5.45, last trading near the high of day of 10.39.
At the time of the screen shot below, AAPL broke to a new high of day, hitting 469.30. As you can see, the $465 Calls responded with a positive move of more than 85%
SPECIAL REMINDER:
We’ve got a brand new subpenny stock lined up for tomorrow’s morning report that you won’t want to miss, so be sure to monitor your inboxes shortly before the open! This play has maintained higher lows after a recent consolidation that followed a big run off of it’s 52-wk low. It is beginning to appear poised for another breakout, so get ready, because tomorrow should be another great day!