August 18: Neutral Markets Today
We discuss Corbus Pharmaceuticals stock trading action today. It was exciting over the past few days, and the large, million share bets sent the stock down from ~$0.30 to ~$0.215. Very risky moves, and looks like there was a big short again this morning of over 1 million shares.
We also see significant pre-market movement in Verizon $VZ lower.
Hallador Energy Corporation $HNRG is trading higher this morning, up to $7.00 per share.
Corporate bonds were lower yesterday and Mortgage Backed Securities lower today. Likely in part due to slight weakening of risk-free US Treasuries, and the rest is market / firm risk.
Markets looking flat today. Bond Yields not moving much. Recession fears seem to be abating.
Most industry sectors are mixed this morning. There is not a firm commitment of direction either way today.
Enjoy the video.
Not investment advice.
Good luck to all! GLTA!
Disclosure: At the time of the video, we are long the common of $AMS and $CRBP and short the common of $HNRG.
Leave a Reply.
Stock Market BLOG
President and Investment Advisor Representative