Many companies in the fintech industry have been hit particularly hard in the recent stock market downturn. PayPal (NASDAQ: PYPL) is one major example, with shares down by nearly 75% from their recent highs. Despite the poor stock performance, it's important for investors to realize PayPal's business is still doing quite well -- it's growing and generating billions of dollars in profits annually. Read More...
Motley Fool
Why Oramed Pharmaceuticals Stock Rocketed Higher Today
Shares of the clinical-stage biotech Oramed Pharmaceuticals (NASDAQ: ORMP) were up by a staggering 41.6% as of 3:30 p.m. ET on Friday afternoon. To put this surge in volume into the proper context, the average daily volume for Oramed’s stock over the prior 30-day period has been less than 900,000 shares. Over the last 12 months, Oramed’s stock has attracted short sellers in droves, thanks to the global turmoil in financial markets, the drawdown across clinical-stage biotech stocks, geopolitical unrest, and rising interest rates.
Add Comment