Schaeffer's Top Stock Picks for '25

2 Penny Stocks Popping on News

Alliance Global Partners is the first brokerage firm to chime in on EARS stock

Oct 8, 2018 at 9:23 AM
facebook X logo linkedin


Alliance Global Partners initiated coverage on Auris Medical Holding AG (NASDAQ:EARS) with a "buy" rating and $2.50 price target -- a 431% premium to Friday's closing price of $0.47. The marks the first brokerage firm to initiate coverage on the hearing specialist, with the analyst in coverage waxing optimistic on the company's vertigo treatment.

In reaction, EARS stock is up 6.4% ahead of the bell. More broadly, the penny stock has shed 92% year-to-date, and has been stuck churning below the $0.50 mark since a mid-July bear gap. The shares are poised to take on this overhead level in today's trading, and could potentially nab a fourth straight close above their 80-day moving average -- a feat not accomplished since November.

The shares of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) are set to open up 5.1%, after the company reported positive data from two late-stage studies for XERAVA, a treatment for complicated intra-abdominal infections (cIAI), and said it expects a commercial launch in the near term. Tetraphase also said it was encouraged by early stage data for its pipeline candidate, TP-6076.

TTPH has been trending lower on the charts since a rally off its Feb. 20 record low of $2.05 was halted by its 140-day moving average back in June. More specifically, the shares have shed 42.8% since their June 15 intraday high of $4.49, based on last Friday's close at $2.57.

Today's projected surge could shake some of the weaker bearish hands loose. Short interest on TTPH jumped 68% in the two most recent reporting periods to 2.86 million shares. This represents 5.6% of the stock's available float, or four times the average daily pace of trading.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?