XERS on Timothy Sykes’ Top Reddit Penny Stocks Watchlist

Source: https://www.timothysykes.com/blog/reddit-penny-stocks/

Reddit Penny Stocks to Watch #5: Xeris Pharmaceuticals, Inc. (NASDAQ: XERS)

XERS is another biotech company. It develops ready-to-use injectable drug treatments.

On May 24, the company announced it will acquire Strongbridge Biopharma plc (NASDAQ: SBBP).

“Upon close of the transaction, the businesses of Xeris and Strongbridge will be combined under a new entity to be called Xeris Biopharma Holdings, Inc. (‘Xeris Biopharma Holdings’).”

Read the full press release here.

Redditors are chatting about the potential for a short squeeze and mention a price target of $8. Again, I wouldn’t hold in hopes of it reaching that price. I’ll watch for a multi-day breakout over $4.40.

Leave a Reply