Shares of NanoViricides Inc. soared 33% in premarket trading Monday, after the antiviral therapies company, which previously announced it was working on a COVID-19 treatment, said it had sufficient funding for planned expenditures for this year. The company said it has reported that it has found “broad-spectrum virus-binding ligands” that are expected to attack COVID-19

Shares of GlaxoSmithKline Plc fell 1.8% in premarket trading on Monday after the drugmaker said it plans to test its technology with Chinese biotech Clover Biopharmaceuticals’s vaccine candidate for COVID-19. GSK’s adjuvant technology aims to reduce the amount of vaccine per dose, which would, in theory, allow more doses to be produced. COVID-19 is a

Shares of Israel-based Enlivex Therapeutics Ltd. rocketed 53% in active premarket trading Monday, after the clinical-stage immunotherapy company said it has started a plan to increase its manufacturing capacity of Allocetra, following the first confirmed case of COVID-19 in Israel. Trading volume rose to about 76,000 shares, compared with the full-day average of about 17,000

Dine Brands Inc. shares rose 2.9% in Monday premarket trading after the restaurant business gave strong full-year guidance. Dine Brands portfolio includes Applebee’s and IHOP. Net income totaled $26.5 million, or $1.59 per share, up from $26.1 million, or $1.47 per share last year. Adjusted EPS of $1.78 was up from $1.70 last year and

Financial stocks suffered a broad selloff Monday, as worries about the negative impact on the economy from the global spread of COVID-19 sent Treasury yields tumbling. The SPDR Financial Select Sector ETF slid 2.8% in premarket trading toward the lowest levels seen this month. Among the more-active components ahead of the open, shares of Bank

Cantor Fitzgerald said Monday it is sticking with its overweight rating on troubled Canadian cannabis company Aurora Cannabis Inc. because it expects the Canadian licensed producers to rerate in the year ahead. In a note to clients, analyst Pablo Zuanic said he’s comfortable with the recent actions taken by the company to shore up its

Airline stocks are taking a hit in premarket trading Monday, amid growing worries about how the global spread of COVID-19 will impact travel. Among the more-active carriers, shares of United Airlines Holdings Inc. shed 2.5%, Delta Air Lines Inc. dropped 3.8%, American Airlines Group Inc. slid 4.0%, Southwest Airlines Co. sank 2.7% and JetBlue Airways

Canadian cannabis company Cronos Group Inc. said Monday it is delaying the release of fourth-quarter earnings that were previously scheduled for Thursday. the Toronto-based company did not offer details on what was behind the move. “The Company has had a delay in the completion of its financial statements and will make a further announcement in

The UltraPro Short QQQ ETF , which aims to return triple the inverse of the technology heavy Nasdaq 100 index’s performance, surged 7.8% on volume of 1.9 million shares, making it the most actively traded stock ahead of the open. The Ivnesco QQQ ETF , which tracks the Nasdaq 100, is losing 2.6% and is

There are now 79,339 cases of COVID-19 in 30 countries and 2,619 deaths, according to the latest figures from the World Health Organization. The rapid uptick in the number of COVID-19 cases in Iran, Italy, and South Korea over the weekend sent markets tumbling in premarket trading on Monday over concerns that the outbreak of