| | | Good morning, 360! | Don't forget to join us today for LIVE trading in the Market Master's Room. We'll talk about today's Spotlight Stock and all things Market! | | FOCUS LISTπ | CYCC - Up over 50% in pre after announcing $8.0 million private placement | WGS - Up over 20% in pre after reporting 96% Q1 24 year-over-year revenue growth | DARE - Up over 25% in pre after announcing $22 million in non-dilutive strategic royalty financing to advance Phase 3 women's health product | | *sponsored by Cardiol Therapeutics | Today's Spotlight stock is Cardiol Therapeutics Inc. (CRDL) – a clinical-stage life sciences company developing cannabidiol-based products to treat heart diseases. | You can see the overwhelming bullish trend for the stock by looking at CRDL's chart showing its daily action for nearly a year | | The two highlighted areas on the chart above show a "wedge pattern." | Those are times when the trading range becomes extremely tight, and it is usually followed by a significant move. | When you have a rising wedge (like we see above), the breakout to the upside can be significant. These moves can happen very quickly, so it is important to prepare and have a plan in place. | If you see the last time CRDL broke out of this wedge, it gained over 50% in just a few days. | You will be hard-pressed to find a stock with the remarkable strength that we have seen for CRDL over the last several months. Even with all of the market "chop," CRDL has managed to more than double its price so far this year. | So make sure you are keeping a close eye on CRDL. | Do your own research if you decide to trade it and have a plan in place that you stick to (for our full report, click here). Trading is very risky, and nothing is guaranteed, so never trade with more than you can afford to lose. | *Sponsored content/paid advertisement. This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results. |
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| | HOTLISTπ₯ | CYCC - Up over 50% in pre after announcing $8.0 million private placement | Cyclacel Pharmaceuticals Inc. (CYCC) is a clinical-stage biopharmaceutical company that develops medicines for the treatment of cancer and other proliferative diseases in the United States and internationally. | In the after-hours yesterday, the company announced it had entered into definitive agreements for the purchase and sale of an aggregate of 4,968,945 shares of common stock (or pre-funded warrant in lieu thereof), series A warrants to purchase up to 4,968,945 shares of common stock and short-term series B warrants to purchase up to 4,968,945 shares of common stock at a purchase price of $1.61 per share of common stock. | The series A warrants and short-term series B warrants will have an exercise price of $1.36 per share and will be exercisable immediately upon issuance. | H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. | The gross proceeds from the offering are expected to be approximately $8.0 million/ | The stock traded up over 50% in the pre-market in response to the news. | | The $1.94 area acted as support in the after hours and pre-market and will be an important level to watch. | Above it, targets to the upside are $2.20, $2.40, $2.50, $2.70 and then the pre-market high at $2.75. Beyond that, $3 and $4 come into play. | Below $1.94, targets to the downside are $1.70, $1.50 and then a gap fill at $1.36. | | WGS - Up over 20% in pre after reporting 96% Q1 24 year-over-year revenue growth | GeneDx Holdings Corp. (WGS) provides genomics-related diagnostic and information services. The company offers Centrellis, an AI-driven health intelligence platform that integrates digital tools and artificial intelligence allowing scientists to ingest and synthesize clinical and genomic data to deliver comprehensive health insights. | In the after-hours yesterday, the company reported Q1 24 earnings. | Highlights include: | Q1 2024 revenue from continuing operations of $61.5M with 96% year-over-year growth of exome and genome test revenue | Expanded first quarter 2024 adjusted gross margins from continuing operations to 61% | Narrowed first quarter 2024 adjusted net loss to $8.5M and delivered 71% year-over-year cash burn reduction | Raised guidance to deliver between $235M and $245M in FY 2024 revenue and reiterate path to profitability in 2025. | The stock traded up over 20% in the pre-market in reaction to the earnings report. | | The $13.45 area has acted as support in the pre-market and will be an important level to watch. | Above it, targets to the upside are $13.90, $14.25, $15, $15.40 and then the pre-market high $15.89. Beyond that, $16.10 and $17.10 come into play. | Below $13.45, targets to the downside are $13.10, $12.50, $12 and then a gap fill at $11. | | | | DARE - Up over 25% in pre after announcing $22 million in non-dilutive strategic royalty financing to advance Phase 3 women's health product | DarΓ© Bioscience, Inc. (DARE) is a biopharmaceutical company that identifies, develops, and markets products for women's health in the United States. It develops therapies in the areas of contraception, reproductive health, menopause, fertility, and sexual and vaginal health. | In the pre-market this morning, the company announced that it had closed a royalty monetization transaction with XOMA (US) LLC. DARE received $22 million in gross proceeds at close and, following a pre-specified total return to XOMA, XOMA will make upside-sharing milestone payments to DarΓ© equal to 50% of all remaining cash flows sold to XOMA under the transaction. | The $22 million of non-dilutive capital at close provides significant capital to achieve objectives. | The transaction allows DARE to focus on advancing Phase 3 first-in-category investigational products Ovaprene®, a potential first FDA-approved hormone-free intravaginal monthly contraceptive, and Sildenafil Cream, 3.6%, a potential first FDA-approved treatment for female sexual arousal disorder through key catalysts | Previously announced royalty financing remains outstanding, bringing royalty-based capital committed to $34 million. | The stock traded up over 25% in the pre-market after the news. | | The $0.32 area acted as support in the pre-market and now becomes a potential resistance level. | Above it, targets to the upside are $0.33, $0.34, $0.3675 and then the pre-market high at $0.39. Beyond that, $0.45 and $0.50 come into play. | Below $0.32, targets to the downside are $0.31, $0.30 and then a gap fill at $0.2819. | | MARKET NEWS π° | | | π Make sure you are getting my mobile text alerts – text "RAGE" to 1-(888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone (make sure you put the "1" at the front!). Don't miss out! | | Questions or concerns about our products? Email Support@360wallstreet.io © Copyright 2022, RagingBull | | *ISSUER-PAID ADVERTISEMENT. Raging Bull has currently been paid fifteen thousand dollars directly from Cardiol Therapeutics Inc. 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