|Day Low/High||11.69 / 11.93|
|52 Wk Low/High||4.40 / 14.50|
Investors in Medicinova Inc saw new options become available this week, for the February 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MNOV options chain for the new February 16th contracts and identified the following put contract of particular interest.
Investors considering a purchase of Medicinova Inc shares, but cautious about paying the going market price of $7.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $5 strike, which has a bid at the time of this writing of 25 cents.
The Menlo Park, Calif.-based firm on Thursday reported third-quarter results and said it has hired Cowen to help with evaluating potential transactions.
In trading on Thursday, shares of Medicinova Inc touched a new 52-week high of $7.85/share. That's a 78.41% rise, or $3.45 per share from the 52-week low of $4.40 set back on 08/11/2017.
The Summit, N.J.-based firm on Oct. 26 unveiled third-quarter results and updated its 2017 outlook and financial targets for 2020.
Investors considering a purchase of Medicinova Inc shares, but cautious about paying the going market price of $6.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $5 strike, which has a bid at the time of this writing of 65 cents.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Akebia after the market close on Tuesday announced an expanded partnership with Japan's Otsuka Pharmaceuticals to develop and market its anemia pill Vadadustat in Europe, China and other territories.
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