May 06, 2019 (247MarketNews via COMTEX) —
DENVER, Colo., May 6, 2019- (24/7MarketNews via COMTEX)- Keep an eye on these five listings, for the week of May 6, 2019, based on recent announcements, activity, and/or anticipated upcoming events.
Last week’s IPO hero, Beyond Meat (NASDAQ:BYND), has only traded two sessions, but even after increasing its IPO share count and price, while raising almost a quarter of a billion dollars, there was plenty of meat left on the shares by the time they hit the public market and the price skyrocketed by 163% in its first session.
Organigram Holdings (OTCQX:OGRMF) (TSE:OGI), the second largest seller of recreational cannabis in Canada, which filed, on Friday, to list its stock on the NASDAQ, in a month. That move will likely keep the spotlight on Organigram, Canopy Growth Corp. (NYSE:CGC) (TSE:WEED), and rest of the cannabis sector, which may be in play during this period. With fund ownership of about 11% of Organigram shares, according to FactSet, the move should help increase Organigram’s institutional investor base.
Looking forward, there are several anticipated quarter earnings calls this week, including Plug Power (NASDAQ:PLUG), which is scheduled to announce its 2019 first quarter results, on May 8, 2019, followed by Axsome Therapeutics (NASDAQ:AXSM), which reports its first quarter 2019 financial results, on the next day.
Plug Power, which bills itself as “a leading provider of hydrogen engines and fueling solutions enabling e-mobility” and is currently holding better than a double on the year. The day after Plug Power announces its 2019 first quarter results, it will hold its annual shareholder meeting May 9, 2019, with a playback of both calls will be available online, following the events, at www.plugpower.com for a limited time.
Axsome Therapeutics a clinical-stage biopharmaceutical company that is focused on developing central nervous system