The Dow Jones closed higher by around 35 points on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Food and Drug Administration decisions and advisory committee verdicts slated for November were mostly positive. New molecular entity approvals so far this year trail 2021’s tally by about 35%.
The FDA has granted a Complete Response Letter (CRL) to Spectrum Pharmaceuticals Inc’s (NASDAQ:SPPI) marketing application seeking approval for poziotinib…
B. Riley Securities analyst Mayank Mamtani downgrades Spectrum Pharmaceuticals (NASDAQ:SPPI) from Buy to Neutral and lowers the price target from $1.5 to $1.
Spectrum Pharmaceuticals (NASDAQ:SPPI) reported quarterly losses of $(0.12) per share which beat the analyst consensus estimate of $(0.15) by 20 percent. This is a 25 percent increase over losses of $(0.16) per share