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SOL Stock price Increased 4% On Thursday Overnight: Here’s why it Happened

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Sol-Gel Technologies, Ltd. (NYSE: SOL) ‘s stock price has been varying for the last three days. The prices dropped from $12.85 to $11.73 and then hiked to the current price, $12.33, recording a growth of 4% in just a day.

Chief Executive Officer of Sol-Gel, Dr. Alon Seri-Levy, commented “I am very pleased with the major milestones that were achieved by Sol-Gel last year. After announcing positive data from Phase 3 trials of Epsolay and Twyneo and submitting NDAs to the FDA within guided timelines, 2020 was highlighted by positive acceptances of both NDAs and allocated PDUFA dates.”

Dr. continued, “Given the competitive landscape of the dermatology market and the significant capital that would be needed to directly commercialize our products, our current operational model assumes we will partner with a dermatology company that has a strong market presence. This would enable us to capture market share more quickly without the need to invest in building our own marketing and sales force and would allow us to further invest in the development of our pipeline of products with larger potential markets.”

General and administrative expenses were $8.3 million in 2019, which hiked to $11.1 million in 2020. A decrease of $0.7 million in stock-based compensation expenses, an increase of $3.0 million in commercialization expenses, and an increase of $0.4 million in patent-related costs resulted in the $2.8 million hikes in the expenses.

Sol-Gel Technologies (NYSE: SOL) detailed a $29.3 million loss, $4.7 million more than the loss accounted for the same period in 2019.

At the end of 2020, Sol-Gel had $21.7 million in marketable securities, $28.5 million in cash for a total balance of $50.2 million.

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Top 5 Stock Price Gainers of May 17: US Stock Market

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Consumer Automotive Finance, Inc. (OTCMKTS: NWAU)

Consumer Automotive Finance, Inc. (OTCMKTS: NWAU)’s stock price increased by 22.50%. The closing price as of May 16 was $0.0400, over which, the price increased by $0.0090 on May 17. The closing price as of May 17 stands at $0.0490. The opening price was $0.0625, the range was 0.0400 – 0.0625 and the volume was 199,804. 

 

Apellis Pharmaceuticals, Inc. (NASDAQ: APLS)

The stock price of Apellis Pharmaceuticals, Inc. (NASDAQ: APLS) stands at $53.60 as of May 17. The price shows a growth of $8.80(19.88%) over the previous ( May 16) closing price of $44.26.  The opening price as of May 17 was $49.01; the day’s range was 48.96 – 54.25. The volume was above average, being 6,234,624.

 

Globalstar, Inc. (NYSE: GSAT)

Globalstar, Inc. (NYSE: GSAT)’s closing stock as of May 17 stands at $1.3600. The price shows a growth of $0.2200 (19.30%) over the previous ( May 16) closing price of $1.1400. May 17’s opening price was $1.1000 and the day’s range was 1.1000 – 1.3800. The volume was 24,374,234, slightly above average. 

 

Hecla Mining Company (NYSE: HL)

Hecla Mining Company (NYSE: HL)’s stock price increased by a huge amount of 16.53%. The previous price, i.e, May 16’s price was $7.56. The current price as of May 17, is $8.81 which is $1.25 more than the previous closing price. The opening price of May 17 was $7.73. The price range for the day was 7.65 – 8.88; the volume was 23,888,169.

 

Discovery, Inc. (NASDAQ: DISCB)

$80.18 is the current( as of May 17) stock price of Discovery, Inc. (NASDAQ: DISCB). The price shows a growth of $9.67 (13.71%) over the previous (May 16) closing price of $70.51.  The pre-market price as of  4:04AM EDT, May 18 remains the same as the closing price of May 17, $80.18 .

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TOP STOCKS GAINERS FOR MAY 12

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AbCellera Biologics Inc. (NASDAQ: ABCL)

AbCellera Biologics Inc. (NASDAQ: ABCL)’s stock price increased by 8.74% over the previous closing price of $28.25. The price, as of May 12 closing price, is $30.72. The Pre-market price is stagnant as of 4:59 AM EDT, May 13. 

 

UWM Holdings Corporation Class (NYSE: UWMC) 

UWM Holdings Corporation Class (NYSE: UWMC)’s stock price increased by 8.96% on May 12. May 12’s closing price was $0.59 more than the previous ( May 11) closing price of $6.79. The opening price of May 12 was $6.74; the range was 6.70 – 7.61 and the volume was 9,919,270. However, the Pre-market price says a different story. The price has dropped, as of 5:35 AM EDT by 3.12% and currently stands at $7.15.

 

CVR Energy, Inc. (NYSE: CVI)

CVR Energy, Inc. (NYSE: CVI)’ stock price as of May 12 was $22.77, which is $1.79 more than the previous closing price of $20.98. The day’s range was  22.02-23.90 and the volume was 1,595,046. The opening price as of May 12 was $22.96.

 

Intercorp Financial Services Inc. (NYSE: IFS)

Intercorp Financial Services Inc. (NYSE: IFS)’s stock price increased by 11.31%. The closing price as of May 12 was $29.43, which is $2.26(8.32%) more than the previous closing price of $27.17. The volume was 82,164 and the range was 27.16 – 29.86. The opening price of May 12  was $25.14. 

 

Pershing Square Tontine Holdings, Ltd. (NYSE: PSTH)

Pershing Square Tontine Holdings, Ltd. (NYSE: PSTH)’ stock price increased by a good amount of 7.33%. The closing price as of May 12 was $24.38, which is $1.75 more than the previous closing price of  $22.63. The price has dropped as of 5:17 AM EDT, May 13, Pre-market, and stands at $24.22. 

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TOP STOCK Market Gainers: LTCN, HL, GCPEF, ABEV, RUN

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Grayscale Litecoin Trust (OTCMKTS: LTCN)

Grayscale Litecoin Trust’s (OTCMKTS: LTCN) closing price as of May 6 was $445.99. The price hike was recorded to be 17.67%, more than the previous closing price of $379.03. The opening price was $396.00, the volume was 45,765 and the range was 379.05 – 452.12 and respectively. 

Hecla Mining Company (NYSE: HL)

Hecla Mining Company’s (NYSE: HL) closing stock price as of May 6 was $7.29. This showed a growth of 16.64% over the previous closing price of $6.25. The opening price was $6.41, with the volume being 24,884,791 and the day’s range being 6.41 – 7.32. 

GCL-Poly Energy Holdings Limited (OTCMKTS: GCPEF)

GCL-Poly Energy Holdings Limited’s (OTCMKTS: GCPEF) stock price increased by 13.33% over the previous( May 5) closing price of $0.2250. The opening price of May 6 was $0.2400. The volume was 196,480 and the day’s range was 0.2300 – 0.2600.

Ambev S.A. (NYSE: ABEV)

Ambev S.A. (NYSE: ABEV) stock price increased to $3.1200(closing price, May 6) from $2.7900(closing price, May 5). The growth percentage was recorded to be 11.83%. The opening price of May 6 was 3.0600, the volume being 62,369,302 and the range being 2.9800 – 3.1200. 

Sunrun Inc. (NASDAQ: RUN)

Sunrun Inc. (NASDAQ: RUN) stock price increased by 11.69% over the previous closing price( May 5) of $41.84. The closing price of May 6 was sighted to be $46.73. The opening price of May 6-  44.80, volume- 15,073,385 and the range- 43.29 – 46.97.

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