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Why Viveve Medical Inc (VIVE) stock is facing negativity on Thursday’s pre-market?

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IO Stock

Viveve Medical Inc. (VIVE) shares have declined 8.66% in premarket on Thursday, June 3, 2021, as of this writing. VIVE’s stock remained unchanged in Wednesday’s session at $2.77 per share. VIVE shares have fallen 55.95% over the last 12 months, and they have moved up 8.20% in the past week. Over the past three months, the stock has lost 14.77%, while over the past six months, it has plunged 48.22%.

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Let’s have a look at its recent news and developments.


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Annual Meeting adjourned 2nd time

On June 2, 2021, Viveve Medical, Inc adjourned its 2021 Annual Meeting of Stockholders for a second time due to a lack of quorum. The adjourned meeting will be held at 12:00 PM Eastern Time on Wednesday, June 23, 2021.

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Recent financial results

On May 13, 2021, Viveve Medical, Inc released its financial results for the first quarter of 2021, which ended March 31, 2021.

Q1 2021 financial highlights

IP Portfolio expansion

On April 1, 2021, Viveve Medical, Inc announced that the Taiwan Intellectual Property Office (TIPO) recently issued Taiwan Patent No. 1720358 for Viveve’s dual-energy technology device. The awarded patent further expands and strengthens Viveve’s intellectual property portfolio in one of Asia’s key markets.

FY 2020 financial results announcement

On March 18, 2021, Viveve Medical, Inc announced its financial results for the year ended December 31, 2020.

FY-2020 financial highlights

Conclusion

As of this writing, there is no negative news that could justify its early morning loss on Thursday. we hope that VIVE stock will pick up later in the day.

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