Double Digit NASDAQ Stock Winners: BSQR, CERE, XELA
9:21 am Wednesday, June 30th, 2021
Following are major stock gainers on Nasdaq in Tuesday ‘s trading session:
BSQUARE Corporation (NASDAQ:BSQR) was the active stock gainer on Tuesday . The stock soared 207% to close $8.04. Bsquare (NASDAQ: BSQR) is a software development firm that is both Microsoft-embedded and an IoT partner. With offices in Seattle, Washington and Wiltshire in the UK, the firm supports manufacturers and operators worldwide with intelligent solutions, cloud-based solutions and data sharing technology. As the global economy reopens, more businesses will require solutions from Bsquare, improving their outlook even further.
Cerevel Therapeutics Holdings, Inc. (NASDAQ:CERE) was another notable winner as the stock went up 136.20% to end the session at $28.69. Cerevel Therapeutics announced positive results from its Phase 1b clinical trial of CVL-231, a novel muscarinic M4-selective Positive Allosteric Modulator (PAM), in adult patients with schizophrenia. CVL-231 was generally well-tolerated, and discontinuation rates were similar between CVL-231 and placebo in the six weeks of dosing, at 22% each.
Importantly, both the 30 mg once-daily and the 20 mg twice-daily doses demonstrated clinically meaningful antipsychotic activity with an overall well-tolerated profile compared with placebo.
Exela Technologies, Inc. (NASDAQ:XELA) surged 59% to $2.34., the company announced rollout of EON, Exela’s Robotic Process Automation (RPA) platform for a large health insurance company.
This effort accelerates the digital transformation efforts for a major insurer by automating repetitive manual tasks. As part a broader relationship built over 16 years, Exela’s RPA platform will automate claims processing and fulfillment services.
