Short Call at News Buzzer: Immune Pharmaceuticals (NASDAQ:IMNP), The Western Union (NYSE:WU)

Immune Pharmaceuticals, Inc. (NASDAQ:IMNP) [Trend Analysis] luring active investment momentum, shares a decrease -1.55% to $0.17. Immune Pharmaceuticals Inc. (IMNP) declared that following a hearing on March 9, 2017, where the Company presented its plan to regain compliance including ongoing business events, the Nasdaq Hearings Panel granted the Company’s request for additional time to comply with Nasdaq listing requirements, subject to the following: (i) on or before April 14, 2017, the Company must inform the Panel that it has effected a split in a ratio sufficient to cure the deficiency and (ii) on or before May 1, 2017, the Company must have evidenced a closing bid price of $1.00 or more for a minimum of ten prior consecutive trading days.

The Company Board of Directors, which has previously received stockholder’s approval, will review the impact of ongoing business events and is committed to affecting a reverse split of common stock as needed to continue to maintain compliance with NASDAQ Listing requirements. The total volume of 2.22 Million shares held in the session was surprisingly higher than its average volume of 4141.29 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 38.20%.

Several matter pinch shares of The Western Union Company (NYSE:WU) [Trend Analysis], as shares moving down -0.46% to $19.58 with a share volume of 6.24 Million. A shareholder rights firm, Lundin Law PC reported that a class action lawsuit against The Western Union Company (WU). Investors, who purchased or otherwise acquired Western Union securities on the open market between February 24, 2012 and January 19, 2017, both dates inclusive, are advised to contact the firm prior to the March 27, 2017 lead plaintiff deadline. No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission disclosed that Western Union admitted to “aiding and abetting wire fraud” by allowing illicit money transfers to benefit human traffickers, money laundering schemes, and otherwise enable the transfer of “dirty money.” The stock is going forward its 52-week low with 10.02% and moving down from its 52-week high price with -13.74%. To have technical analysis views, debt to equity ratio of 3.09. The float short ratio was 12.30%, as compared to sentiment indicator; Short Ratio was 10.38.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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