Company News for Nov 24, 2020

IDEX SDGR

  • Schrödinger, Inc.’s (SDGR - Free Report) shares rose 11.6% after the company announced a drug discovery agreement with Bristol-Myers Squibb worth nearly $2.7 billion in payments and royalties.
  • Shares of Ideanomics, Inc. (IDEX - Free Report) jumped 70.1% after the company announced an additional $1.3 million investment in battery-powered electric tractors maker, Solectrac.
  • DPW Holdings, Inc.’s shares surged more than 100% after the company announced it would work with fast food restaurants to install EV chargers.
  • Shares of Front Yard Residential Corporation jumped 21.9% after the company agreed to be acquired for $16.25 per share.

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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

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