Biotech Stock Jumps 97% in Friday Finale 📈

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club, and I'm back with another heaping portion of hot stocks! Happy Friday! It's February 17th. I hope you have an excellent weekend! 📢 If you haven't already, don't forget to text CLOSE to 47121 or [click here]( to start getting Closing Bell Roundup mobile alerts! Here's what moved the market today: Markets 📈 US benchmarks closed the week with mixed results after a volatile week of trading action. The Nasdaq [-0.5%] and S&P 500 [-0.2%] edged lower, while the Dow [+0.3%] managed to eke out a small gain. The small-cap Russell 2K [+0.2%] also made a slight advance. Sponsored [Less than Five Bucks...]( 💵 Did you know... low-priced, or "penny," stocks offer a great way to make money regardless of the direction of the markets as a whole. And these top 4 penny stocks are poised to soar... The best part is they're trading for $5 a share or less. [Click Here for the Names & Ticker Symbols.]( Today's Market-Moving News 🔎 🛢 Oil Prices Slide: West Texas Intermediate Crude fell below $84 a barrel in today's session. The move may be related to a report of stronger-than-expected oil output from Nigeria, an OPEC member. Today's Top Winners and Losers 🔥 Arqit Quantum [ARQQ] $1.47 (-42.0%) Arqit Quantum announced a registered direct offering of 10 million shares and warrants for 7.5 million shares for $2 per unit. The company expects gross proceeds of $20 million, and the offering is expected to close on Feb. 22nd. Universal Electronics [UEIC] $16.38 (-33.0%) Universal Electronics reported a YoY decline in earnings and revenues in Q4, and its reported figures missed consensus estimates by a wide margin. Ocean Biomedical [OCEA] ://elitetra.de/L2Ic $3.98 (-26.5%) Ocean Biomedical has been in free fall since completing its merger with Aesther Healthcare SPAC earlier this week. Share prices are down 60%+ since the company made its stock market debut. iBio [IBIO] $1.48 (+97.2%) iBio announced it was targeting tumor protein MUC16 in its latest immune-oncology target program, and shares exploded on the news. The company says MUC16 is a well-known cancer target often overexpressed in several types of solid tumors, including ovarian, lung and pancreas cancers. Movella Holdings [MVLA] $4.69 (+46.5%) Movella Holdings rebounded after several days of steep losses. The stock made its stock market debut on Monday after completing its business combination with Pathfinder SPAC last week. AMC Networks [AMCX] $27.13 (+32.3%) AMC Networks posted better-than-expected Q4 results this morning. The company reported EPS of $2.52 on sales of $964.5 million. Consensus estimates called for EPS of $1.27 on revenues of $937.1 million. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, Adam G. -- Elite Trade Club P.S... If you're on the hunt for a new broker, check out our preferred partner, moomoo! You can [get 15 free stocks]( worth up to $2,000 each if you join the moomoo App now. [Click here to get started.]( alerts delivered straight to your cell every morning for free?* P.P.S... Text ELITE to 47121 or [click here]( to sign up now and get our watchlists sent directly to your phone! You can also text CLOSE to 47121 or [click here]( to get the Closing Bell Roundup sent to your mobile inbox, too! *Standard message/carrier rates may apply. © Elite Trade Media LLC, 2023. All rights reserved. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](