Double Digit NASDAQ Stock Winners: INTZ, SGOC, BVXV
8:52 am Wednesday, July 28th, 2021
Following are major stock gainers on Nasdaq in Tuesday’s trading session:
Intrusion Inc. (NASDAQ:INTZ) was the active stock gainer on Tuesday and soared 52% to $5.14. Last week, the company announced preliminary revenue for the second quarter of 2021, which is expected to be within a range of $1.9 million and $2.0 million. Also, since INTRUSION believes that additional capital may be required to achieve profitability, it has engaged an investment banking firm to evaluate various funding sources, and also potentially constructive longer-term strategic options that might help INTRUSION grow, achieve its operating objectives and maximize shareholder value.
The9 Limited (NASDAQ:SGOC) was another notable winner as the stock went up 30% to end the session at $11. Earlier this month, the company said it had regained compliance with the Nasdaq stock exchange. SGOCO has experienced extreme volatility in recent days as retail day traders have been piling into the Chinese fintech company, which was a penny stock not long ago.
The Nasdaq exchange had warned SGOCO in May that it was out of compliance with its periodic filings, a crucial listing requirement that ensures that companies are providing investors with current information. The company had attributed the delay to difficulty in obtaining and compiling information.
BiondVax Pharmaceuticals Ltd. (NASDAQ:BVXV) surged 27% to $3.44. BiondVax Pharmaceuticals Ltd., a development stage biopharmaceutical company, focuses on developing, manufacturing, and commercializing products for the prevention and treatment of infectious diseases and related illnesses in Israel. The company was incorporated in 2003 and is headquartered in Jerusalem, Israel.
