Can This Stock Prevent the Next Pandemic?
Posted on Tuesday, July 26, 2022 at 11:17 AM
Dan Passarelli, CEO - Market Taker Mentoring
In today's video, Dan talks about a stock that typically flies pretty much under the radar but has made some pretty big strides lately. In fact, it's up about 300% from April. The stock is Signa Technologies. S-I-G-A.
⇐click the image to view the video to see the year chart. This stock has been dormant for a long time but then in May it started heading higher and it's been heading higher ever since. The reason for it is this company has a drug called TPOXX that has been used to fight smallpox for a while and it has been approved in the EU to fight not just smallpox but also monkeypox. Monkeypox is under the scrutiny of the World Health Organization, and lots of other folks who deal with that kind of thing, fearing that it could end up being another global pandemic.
The SIGA stock is up about 8% this morning here. Dan recorded this video earlier this morning and it's one that he's been watching and one that he thinks is definitely experiencing a great deal of volatility. But, that said, probably has a lot more upside potential, especially if we start seeing more cases of monkeypox come out. This is a potentially interesting play and a potentially good one. So keep an eye on it. Hope that helps.
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