Small Cap Gainers: MDP, MTEM, INNV
3:37 pm Friday, September 24th, 2021
Meredith Corporation (NYSE: MDP) jumped to two-year highs on reports suggesting that InterActiveCorp (IAC) is in advanced discussions to acquire co in a deal potentially valued above $2.5 billion. Meredith Corporation is an American media conglomerate based in Des Moines, Iowa. The company owns magazines, television stations, websites, and radio stations. Wikipedia
Molecular Templates Inc (NASDAQ: MTEM) touched up to its highest levels since July on elevated volume. Among recent items, a 10% Owner of co disclosed its recent purchase of 750,000 of co’s shares in a transaction valued at $4.5 million. Molecular Templates, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other diseases. Its proprietary drug platform technology is engineered toxin bodies (ETBs).
InnovAge Holding Corp (NASDAQ: INNV) recoups portions of its recent decline; the stock moved lower by approx. 42% through the last two sessions after co delivered its Q4 earnings results and related business updates. InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach.
