Aclaris Therapeutics Inc (ACRS) jumped 220%, Senseonics Holdings (SENS) more than 80%, and TransEntrix, Inc. (TRXC) up 68% among market movers in Tuesday’s trading session. We have highlighted below some of the reasons for the price movements.
Aclaris Therapeutics Inc (ACRS)
Shares of Aclaris jumped 220.24% after the company announced preliminary topline results from 12-week Phase 2a trial of oral ATI-450 in moderate to severe rheumatoid arthritis, which showed durable clinical activity over 12 weeks. The share price had previously closed at $5.88 but began yesterday’s trading at $14 and closed $18.83 for the day.
Senseonics Holdings, Inc (SENSE)
Senseonics shares traded higher after the company announced EmblemHealth is now providing coverage for the Eversense CGM system. The stock jumped more than 80% from its opening price of about $1.60 to close trading at $2.85
TransEntrix, Inc. (TRXC)
The company’s shares moved up trend as high as 68.60% after the company revealed it has received CE Mark approval for the Intelligent Surgical Unit that enables machine vision capabilities on the Senhance Surgical System. Having closed the previous day trading at $2.07, it began yesterday’s trading at $2.70 and closed the session at $3.49.
AMC Entertainment Holdings (AMC)
AMC shares traded higher after the company announced a $100 million note offering. The price surged 31% from its previous day of $2.32 to close yesterday’s trading at $3.06 per share. Trading volume soared to 206.3 million shares, enough to make the stock the most actively traded on the NYSE, and more than six times the full-day average over the past 30 days of about 33.4 million shares.
PetMed Express Inc (PETS)
The company traded lower after it released a disappointing Q3 result. It closed the previous day at $34.73, started yesterday’s session at $34 and closed $30.33.