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- 1 Trading can be tricky but with the right stocks, investors can garner a lot of profits along the way.
- 2 Last week, UBLI, URGN, and AURC stocks soared high and gave good returns to investors.
Equity markets rarely give investors time to fill their bags with profits quickly. Such moments do not drop by often, so when they do, they become the talk of the town. Something similar happened with Ultralife Corp (NASDAQ: UBLI), UroGen Pharma (NASDAQ: URGN), and Aurora Acquisition Corp (NASDAQ: AURC) stocks which made enormous gains in the last week.
UBLI Stock Price Benefits From Earnings, Jumps 65%
The battery and energy products manufacturer and selling company, Ultralife Corp (NASDAQ: UBLI) reported recent quarter earnings. It posted better than estimated revenue of $42.7 Million with an increase of nearly 33% in a year. Net income for the company was $3.34 Million, up by a massive 552% year-over-year. The earnings per share (EPS) of $0.21 saw a surge of 600% from the last year.
Following the instance, UBLI stock price surged significantly. The stock price is trading at $8.20 marking a 65% increase in less than a week.
After hitting the milestone, UBLI stock price gained over 110% since the beginning of the year.
URGN Stock Price Surges After Recent Development
The New York-based biotechnology company, UroGen Pharma (NASDAQ: URGN), recently witnessed two major instances last week. Following the optimism, URGN stock price took no time to take off.
On Thursday, July 27, 2023, the company announced that both Phase-3 trials of UGN-102 for low-grade, intermediate-risk non-muscle invasive bladder cancer successfully achieved their primary objectives.
In addition, UroGen reportedly engaged in a private placement agreement with selected institutional and accredited investors, offering approximately 12.6 Million ordinary shares or pre-funded warrants at a price of $9.54 per share. The total raised amount from this placement is $120 Million.
URGN stock price saw an up move and reported a high of 160% since Thursday, 27th July 2023. Given the recent pump in the price, the stock is currently valued at over 125% year to date.
Following the instance surge, URGN stock price saw a decline of up to 15% before settling down to the current trading price of $20.
AURC Stock Price Value Quintuples; Surges up to 450%
The recent high jump in the AURC stock price can be attributed to the market’s assessment of the progress concerning the merger of Aurora Acquisition Corp (NASDAQ: AURC) with Better.com, a mortgage lender backed by SoftBank Group (SFTBY).
On Monday, July 31st, Aurora disclosed through a securities filing that the merger vote is scheduled for August 11, 2023. Additionally, both Aurora and Better.com submitted the required forms on July 19, 2023, in accordance with the Hart-Scott-Rodino Act.
In the wake of the much-awaited merger deal, AURC stock price saw an up move of over 450% from July 26 to July 28, 2023. However, before falling to the current trading price of $39, the stock price fell by 15%.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
