With the Dow up over 2,000 points since last week, it’s no surprise that the returns of members ‘Scoby13’ and ‘Joe Knows’ are down (active Stock Challengers will recall they picked the TVIX to rocket to returns of over 200% last week!). Nonetheless, the two are still neck and neck for first place; as of market close, Scoby13 (117.40% return) has now overtaken Joe Knows (110.22% return) for first place. And, although they are still far away from contesting Scoby13 and Joe Knows, members ‘ hotdogger49’ and ‘Robert Smith’ have ridden the market wave up this week, both currently tieing for 3rd place with returns of 31.84%.
Ekso Bionics Breaks Out While IntelGenx Technologies Breaks Down
Ekso Bionics, a leading developer of exoskeletons for medical and industrial use, had the biggest stock breakout of the day, increasing 47.58% from C$2.69 to C$3.75. The company effected a reverse stock split of 1-for-15 earlier this week on Tuesday.
IntelGenx Technologies, a leader in pharmaceutical films, had the biggest stock breakdown of the day, falling 57.67% from C$0.30 to C$0.13. The company announced on Friday that it had received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration.
“The CRL states that the FDA cannot approve the application in its present form. The Agency requested additional information, but no new bioequivalence study.”
A day earlier, IntelGenx announced financial results for the fourth quarter and full-year 2019, missing revenue by $0.56 million but beating EPS by $0.01.
Two Days Left in the March 2020 Stock Challenge
With the weekend upon us, there are now only two days left in this month’s Stock Challenge. If you haven’t registered for the April 2020 Stock Challenge, make sure to do so today — time is almost out! You can register an account here or by clicking the banner below. Given how this month has played out, you definitely won’t want to miss out on April’s contest…