Home Equities Score Let’s find out the reason behind Iterum Therapeutics plc (ITRM) plunge today

Let’s find out the reason behind Iterum Therapeutics plc (ITRM) plunge today

Iterum Therapeutics plc (ITRM) stock was down -18.79% to $1.21 in the pre-market opening session.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Some of the most experienced traders have found the stock market to be extremely confusing, sometimes taking them completely by surprise. The market sometimes turns abruptly in the opposite direction, even when results are as projected. At times like this, it pays to keep tabs on a stock’s historical price performance. Knowledge of the short- and long-term stock trends would also be useful. The share prices of Iterum Therapeutics plc (NASDAQ: ITRM) have increased by 7.97% over the past week but are up 223.84% over prices last quarter. Over the last 6 months, the stock surged 40.57% and is up 50.66% for the year.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Latest Highlights

In response to demand, The Iterum Therapeutics plc (Nasdaq: ITRM) just revealed that, for a price of $1.15 per share, the underwriters have agreed to increase the size of the previously announced offering and purchase 34,782,609 ordinary shares (or warrants) at $1.15 per share. Moreover, the Company granted the underwriter an option to purchase 517,391 additional ordinary shares for the same price for another 30 days. This offering is expected to close between February 8, 2021, and March 8, 2021. The offering is subject to meeting the usual closing conditions.

HC Wainwright & Co. is acting as the sole bookrunner of the offering.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

After paying underwriting discounts and commissions and other offering expenses, the Company expects to reap approximately $40.0 million in gross proceeds. This will enable the Company to support ongoing review of its new drug application in patients with a drug-resistant, quinolone-susceptible pathogen, engage in pre-commercialization activities, and for working capital and general corporate purposes. With regards to the Company’s current operating plan, it estimates that after closing of the offering it will be able to fund its operating expenses and capital expenditures through the third quarter of 2022, including through the July 25, 2021 FDA review deadline for oral sulopenem. The company’s operating plans may change due to various factors and uncertainties, but this estimate is based on assumptions that may be wrong.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

Arrival Inc. (ARVL) stock falls during pre-market trading. Here’s what you should know?

Arrival Inc. (NASDAQ: ARVL) stock plunged by 4.96% at last close while the ARVL stock price declines by 9.68% in the pre-market trading session....

Why Zomedica Corp. (ZOM) stock jumped on Thursday?

Zomedica Corp. (ZOM) shares were climbed 4.04% in after-hours on Thursday, June 17, 2021, and close the day at $0.94 per share. Earlier, ZOM's...

Novan Inc. (NOVN) stock plunged during pre-market. Let’s find out why?

Novan Inc. (NASDAQ: NOVN) stock declined by 9.36% at last close while the NOVN stock price plunged by 18.77% in the pre-market trading. Novan...

Why Toughbuilt Industries Inc (TBLT) stock went up on Wednesday?

Toughbuilt Industries Inc (TBLT) stock jumped 12.35% in the after-market on Wednesday, June 16, 2021, and close at $0.96 per share. Earlier in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam