Small Cap U.S. Stocks with Positive and Negative News on May 13, 2023

On May 13, 2023, several small cap U.S. stocks appeared in the news, with some receiving positive coverage and others receiving negative coverage.

Positive News

  • Ayro Therapeutics (AYRO): AYRO announced positive top-line results from its Phase 2b clinical trial of its lead product candidate, AYR-101, for the treatment of asthma. This news was well-received by investors, and AYRO’s stock price rose by more than 20% on the day.
  • Prometheus Biosciences (PMB): PMB announced positive top-line results from its Phase 2 clinical trial of its lead product candidate, PMB-101, for the treatment of pancreatic cancer. This news was also well-received by investors, and PMB’s stock price rose by more than 15% on the day.
  • AeroClean Technologies (AERL): AERL announced a partnership with a major retailer to sell its air purifiers in retail stores across the United States. This news was seen as a positive development for AERL, as it will help the company to expand its reach and increase its sales.

Negative News

  • Mind Medicine (MNMD): MNMD announced that it had received a warning letter from the FDA regarding its manufacturing practices. This news was seen as a negative development for MNMD, as it could delay the company’s ability to bring its products to market.
  • Cerebras Systems (CERS): CERS announced that it had missed its revenue guidance for the first quarter of 2023. This news was seen as a negative development for CERS, as it could raise concerns about the company’s future growth prospects.
  • Triterras (TRIT): TRIT announced that it had been fined by the SEC for misleading investors about its financial performance. This news was seen as a negative development for TRIT, as it could damage the company’s reputation and make it more difficult for it to raise capital in the future.

It is important to note that these are just a few examples of the small cap U.S. stocks that appeared in the news on May 13, 2023. The actual impact of any news article on a stock price will depend on a variety of factors, including the overall sentiment of the article, the specific details of the news, and the overall market environment.

Title: Small Cap U.S. Stocks with Positive and Negative News on May 13, 2023