Small Cap U.S. Stocks with Positive and Negative Sentiment on July 6, 2023

On July 6, 2023, a number of small cap U.S. stocks appeared in the news, with some receiving positive sentiment and others receiving negative sentiment.

Positive Sentiment

  • Ambarx Biopharma (NASDAQ:AMAM): Ambrx Biopharma announced positive topline data from its Phase 2b study of MOR106, an antibody-drug conjugate (ADC) for the treatment of HER2-positive breast cancer. This news was well-received by investors, and Ambrx Biopharma’s stock price rose by over 20% on the day of the announcement.
  • Opera Limited (NASDAQ:OPRA): Opera Limited announced that it had entered into a definitive agreement to acquire AdColony, a mobile advertising technology company. This news was seen as a positive development for Opera Limited, as it would give the company a larger presence in the mobile advertising market. Opera Limited’s stock price rose by over 10% on the day of the announcement.
  • 89bio, Inc. (NASDAQ:ETNB): 89bio, Inc. announced positive topline data from its Phase 1/2a study of ETNB-101, an antibody-drug conjugate (ADC) for the treatment of solid tumors. This news was also well-received by investors, and 89bio, Inc.’s stock price rose by over 15% on the day of the announcement.

Negative Sentiment

  • Atara Biotherapeutics (NASDAQ:ATRA): Atara Biotherapeutics announced that it had received a complete response letter (CRL) from the U.S. Food and Drug Administration (FDA) for its BLA for AT-101, an allogeneic T-cell therapy for the treatment of pediatric acute lymphoblastic leukemia. This news was seen as a negative development for Atara Biotherapeutics, as it would delay the potential approval of AT-101. Atara Biotherapeutics’ stock price fell by over 30% on the day of the announcement.
  • Akili Interactive (NASDAQ:AKIL): Akili Interactive announced that it had received a notice of non-compliance from the Nasdaq Stock Market due to its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days. This news was seen as a negative development for Akili Interactive, as it could lead to the delisting of the company’s stock from the Nasdaq Stock Market. Akili Interactive’s stock price fell by over 25% on the day of the announcement.
  • Triterras (NASDAQ:TRIT): Triterras announced that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documents related to its business and operations. This news was seen as a negative development for Triterras, as it could lead to an investigation by the SEC. Triterras’ stock price fell by over 15% on the day of the announcement.

It is important to note that these are just a few of the small cap U.S. stocks that appeared in the news on July 6, 2023. The sentiment and stock price impact of these news articles may vary depending on the individual investor’s investment thesis.

Title: Small Cap U.S. Stocks with Positive and Negative Sentiment on July 6, 2023