Double Digit NASDAQ Stock Winners: AHPI, OSAT, VPRX
8:48 am Wednesday, July 14th, 2021
Following are major stock gainers on Nasdaq in Tuesday ‘s trading session:
Allied Healthcare Products, Inc. (NASDAQ:AHPI) was the active stock gainer on Tuesday and soared 129% to $9.03. While there’s nothing new from Allied Healthcare Products, that doesn’t mean the rise is for no reason. The company has a decently high short ratio of 18%. In addition to that, it looks like retail traders on social media have taken a liking to AHPI stock. These two factors are likely what has it gaining today. Allied Healthcare Products’ high short interest, low price, and low trading volume make it a perfect target for retail traders. They’re likely pumping up the stock to push out shorts, but the price could fall again soon.
Orbsat Corp. (NASDAQ:OSAT) was another notable winner as the stock went up 40% to end the session at $9.36. The company entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce website owned and operated by Alibaba Group Holding Limited, also known as Alibaba Group (NYSE: BABA; HKEX: 9988), a Chinese multinational technology company specializing in e-commerce, retail, internet, and technology. GTC will be a Gold- Supplier on Alibaba.com, the world’s largest Business-to-Business (B2B) e-commerce website.
Virpax Pharmaceuticals, Inc. (NASDAQ:VPRX) surged 25.50% to $5.65. Earlier this month, The company provided a progress update on its pipeline of product candidates following the Company’s initial public offering (the “IPO”) in mid-February of 2021. Chairman and CEO Anthony P. Mack commented, “Our goal following our IPO was to become a clinical stage company as quickly as possible while preserving our cash and utilizing grants to fund product development efforts where appropriate. To date, I believe we have made solid progress towards these goals.
