Significant pre-market surges: Reverse-splits and FDA approvals

Today’s big movers inside                                                                                                                                                                                                                                                                                                                                                                                                                 May 24, 2024 Significant pre-market surges: Reverse-splits and FDA approvals Good morning, 360! Lots of action this week — wowza! Put your two cents in today in the [Market Master’s Chat Room](. Friends don’t let friends trade alone! FOCUS LIST🔎 AKAN - Up over 140% in the pre-market after completing reverse-split yesterday  MRUS - Up over 18% in pre after publication of abstracts for its presentation at the 2024 ASCO® annual meeting GH - Up over 11% in pre after FDA Advisory Committee Panel strongly recommends approval of Shield™ blood test for Colorectal Cancer screening as a primary non-invasive screening option *together with Advantage Gold DEATH 💀F THE D😵LLAR!?! Must Watch: EXPLOSIVE Documentary on How to Protect Your Hard Earned Money from the Next Wave of Inflation & Money Printing  (You can’t watch this on Youtube, X, Facebook, Truth, or Rumble!) Secure Your [Exclusive Access]( to Advantage Gold’s Inflation Survival Kit HOTLIST🔥 AKAN - Up over 140% in the pre-market after completing reverse-split yesterday  Akanda Corp. (AKAN) through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. The company completed a 1-for-40 reverse stock split yesterday reducing the amount of shares outstanding. This has reduced the number of shares from around 80 million to just above 2 million. After significant weakness and selling pressure due to capital raising, the stock has traded up over 140% in the pre-market this morning after completing the reverse split. The $4.80 area acted as support in the pre-market and will be an important level to watch. Above it, targets to the upside are $5.50, $6 and then the pre-market high at $6.50. Beyond that, $7.50, $10 and $12 come into play. Below $4.80, targets to the downside are $4.40, $4, $3.50 and then a gap to fill at $2.39. MRUS - Up over 18% in pre after publication of abstracts for its presentation at the 2024 ASCO® annual meeting Merus N.V. (MRUS) is a clinical-stage immuno-oncology company, engages in the development of antibody therapeutics in the Netherlands. In the after hours yesterday, the company released abstracts for its presentation at the 2024 ASCO® annual meeting. The company plans on presenting: MCLA-145 monotherapy and in combination with pembrolizumab rapid oral session presentation: June 2, 2024, 11:30 a.m.-1:00 p.m. CT MCLA-129 in NSCLC with c-MET exon 14 skipping mutations poster presentation: June 3, 2024, 1:30-4:30 p.m. CT Bill Lundberg, M.D., President, Chief Executive Officer of Merus stated: “MCLA-129 continues to show strong monotherapy activity in EGFR mutant non-small cell lung cancer, and MCLA-145 is now the fourth molecule based on our technology to demonstrate clinical activity. We are looking forward to providing additional detail at 2024 ASCO®.” The stock traded up over 18% in the pre-market in reaction to the results and in anticipation of further data. The $52 area was resistance in the after-hours and now becomes a potential support level. Above it, the first target for bulls is the pre-market high at $54.24. Beyond that is all time highs and blue sky. Round numbers such as $55 and $60 are potential targets. Below $52, targets to the downside are $50, $48, $46 and then a gap fill $44.07. Watch This Replay 👀 *Trading is hard, results not guaranteed and should not be expected to be replicated typically. Can Jason do this with penny stocks? Swing for the fences with… [Jason Bond Picks & take the challenge with him!]( Right Now $297/Quarter! GH - Up over 11% in pre after FDA Advisory Committee Panel strongly recommends approval of Shield™ blood test for Colorectal Cancer screening as a primary non-invasive screening option Guardant Health, Inc. (GH) is a precision oncology company that provides blood and tissue tests, data sets, and analytics in the United States and internationally. In the pre-market this morning, the company announced that the FDA Advisory Committee Panel strongly recommends approval of Shield™ blood test for Colorectal Cancer screening as a primary non-invasive screening option The advisory committee offers valuable non-binding recommendations for the FDA. The blood test offers a convenient non-invasive screening option that overcomes barriers associated with current non-invasive screening tests Shield remains on track to become the first FDA-approved blood test that meets performance requirements for Medicare coverage. The stock traded up over 11% in the pre-market in reaction to the news. The $24.15 area acted as support in the pre-market and will be an important level to watch. Above it, targets to the upside are $25, $26, $27, $28 and then the per-market high at $28.39. Beyond that, $29 and $30 come into play. Below $24.15, there is a gap to fill at $22.51. MARKET NEWS 📰 Questions or concerns about our products? 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