From the Razor Trading Desk (Tuesday July 7th, 2020)
Four of the leading gappers pre-market were the best small cap stocks to trade today: ANVS, CRVS, UMRX and NAOV.
- Annovis Bio, Inc. (ANVS)
ANVS NEWS: Approval For Phase 2 Study Alzheimer’s & Parkinson’s
Another pre-market mover and the biggest daily gapper on news. This little Nano Cap stock with a market cap of 47 million found its way above the $10.00 level.
Gap 138.3%; Closing Price $6.78; High of Day $10.25; Low of Day $6.67; Range $3.58; 47 Million Shares Traded; Float 4.28M.
- Corvus Pharmaceuticals, Inc (CRVS)
CRVS NEWS: Trial For Immunotherapy Covid-19 Patients
There was a previous day closing price of $2.74 and a $6.00 massive price surge that happened pre-market at 6:00 AM CST in 8 minutes flat!
CRVS dropped sharply after the surge and fell hard below VWAP with a few attempts to break it prior to the open.
At the open, there was a pop that broke VWAP but that was a fake out until the $1.00 spike at 8:38 AM CST.
There was continued strength above VWAP and a hard drop below VWAP but the stock pushed to a high of day to $6.88.
Gap 83.9%; Closing Price $4.95; High of Day $6.88; Low of Day $4.69; Range $2.19; 96 Million Shares Traded; Float 16.35M.
- Unum Therapeutics, Inc (UMRX)
UMRX NEWS: Wedbush Upgrade From $1 To $4 – Outperform From Neutral
It was a continuation move for UMRX that was under $1.00 as of yesterday. They completed an acquisition just yesterday and had several upgrades with raised price targets today.
Closing Price $2.39; High of Day $3.40; Low of Day $2.18; Range $1.22; 42 Million Shares Traded; Float 21.92M.
- NanoVibronix, Inc (NAOV)
NAOV NEWS: Distribution Deal For PainShield Devices
It was over a $2.00 price move inside of 6 minutes that started at 7:28 AM CST. You would of had to be lightning fast to catch it and if you chased it, you would have lost $2.00 on the way down in a heartbeat.
This Nano Cap stock (under 50 million market cap) company is worth only 9.5 million.
If they stayed strong and held up into the close, you would of had to be careful of risking this little nano cap company having a direct offering after hours to capitalize on new money.
Closing Price $2.21; High of Day $3.50; Low of Day $2.12; Range $1.38; 6.5 Million Shares Traded; Float 4.36M.
ANVS – Gap 138.3%; Closing Price $6.78; High of Day $10.25
