Diagnosis: Volatility Every Coronavirus-Related Stock That Was Halted For Trading Today – Benzinga

Posted: February 28, 2020 at 1:46 pm

Wall Street has been sharply attuned to coronavirus news. In fact, the extreme volatility in the market brought 24 trading halts on Thursday.

Several biotech or pharmaceutical-related stocks were halted and reopened several times for volatility in the regular trading session. Here is a look at those stocks and each company's connection to the coronavirus.

In partnership with Italys Takis Biotech, Applied DNA Sciences Inc (NASDAQ: APDN) is pursuing a linear DNA vaccine for COVID-19.

Allied Healthcare Products Inc (NASDAQ: AHPI) manufactures respiratory devices, emergency medical supplies and mass casualty ventilation products designed for pandemics.

With schools closed for quarantines, China Online Education Group - ADR (NYSE: COE) is taking over Chinas English tutoring services.

Oncology pharmaceutical Cleveland BioLabs, Inc. (NASDAQ: CBLI) develops immune-receptor activators for vaccines targeting various types of infection. Its vaccine adjuvant is currently in Phase 1 trials.

Utah medtech company Co-Diagnostics Inc (NASDAQ: CODX) is developing a test for the new coronavirus strain. Chinese officials and fearful travel companies demonstrate high demand for accurate diagnostics, as fever has proven an unreliable indicator of disease.

Global consulting firm CRA International, Inc. (NASDAQ: CRAI) is likely reacting less to coronavirus fears than to a quarterly earnings miss.

Tech developer Digimarc Corp (NASDAQ: DMRC) is similarly responding to an earnings miss.

EQT Corporation (NYSE: EQT), a natural gas producer, beat fourth-quarter earnings estimates and announced a deal with Equitrans.

Equitrans Midstream Corp (NYSE: ETRN) announced a deal with EQT, a stock buyback and a restructuring into a C-Corp.

Genetic Technologies Limited (NASDAQ: GENE), which develops and commercializes genetic risk assessment technology, commonly partners with medical companies and research organizations on R&D.

Biotech company Genprex Inc (NASDAQ: GNPX) touts a proprietary gene technology platform but has made no public entrance into coronavirus therapies.

Greenland Technologies Holding Corp (NASDAQ: GTEC) manufactures machine transmission products in China.

Biotech Ibio Inc (NYSE: IBIO) has partnered with CC-Pharming to develop a coronavirus vaccine using tobacco-related plants.

Jiayin Group Inc - ADR (NASDAQ: JFIN) is an online finance marketplace that facilitates consumer lending in China. Its remote offering may see increased uptake amid local quarantines.

LHC Group, Inc. (NASDAQ: LHCG) beat bottom-line estimates but missed the top line in its fourth-quarter earnings report.

Liberty Tripadvisor Holdings Inc (NASDAQ: LTRPB) holds an online travel site whose forum has seen some activity by fearful travelers.

IT services company Mastech Digital Inc (NYSE: MHH) offers clients data management, engineering and science.

Moderna Inc (NASDAQ: MRNA) received new funding from vaccine alliance CEPI to accelerate its work on a coronavirus vaccine, and it has joined forces with the Coalition for Epidemic Preparedness Innovations on a vaccine approach.

Diabetic therapy manufacturer Oramed Pharmaceuticals, Inc. (NASDAQ: ORMP) announced a public offering to raise funds for its oral insulin trial.

Qurate Retail Inc (NASDAQ: QRTEA), which curates product collections on Zulily, Frontgate and other online marketplaces, missed fourth-quarter earnings estimates and attributed the miss partly to Chinese exposure.

Smart home manufacturer Resideo Technologies Inc (NYSE: REZI) beat fourth-quarter earnings forecasts.

SigmaTron International (NASDAQ: SGMA) provides electronics manufacturing services through facilities in four countries, including China.

Vaxart Inc (NASDAQ: VXRT) has initiated a coronavirus vaccine program using its proprietary oral-delivery platform.

The portfolio of Vir Biotechnology Inc (NASDAQ: VIR) includes an antibody for another coronavirus strain, but management is testing to determine efficacy on the Wuhan strain.

"We have a library of multiple fully-human mAbs that bind and neutralize coronaviruses such as SARS and MERS,"Chief Scientific Officer Herbert 'Skip'Virgin said in a press release. "...Some of these mAbs are able to neutralize zoonotic coronaviruses, and we believe may have the potential to treat and prevent Wuhan coronavirus. We are also exploring the isolation of new mAbs specific for this virus."

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Diagnosis: Volatility Every Coronavirus-Related Stock That Was Halted For Trading Today - Benzinga

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