Fin Stocks Movements! Elbit Imaging Ltd (EMITF), Guaranty Federal Bancshares, Inc. (GFED)
Shares of Elbit Imaging Ltd (NASDAQ:EMITF) ended Monday session in red amid volatile trading. The shares closed down -0.02 points or -0.55% at $3.83 with 3,544.00 shares getting traded. Post opening the session at $3.85, the shares hit an intraday low of $3.79 and an intraday high of $3.85 and the price vacillated in this range throughout the day. The company has a market cap of $34.09 million and the numbers of outstanding shares have been calculated to be 9.19 million shares.
Elbit Imaging Ltd (EMITF) announced that it was informed by Gamida Cell Ltd. (“Gamida”), an indirect associate of the Company, that U.S. Food and Drug Administration (“FDA”) has granted Breakthrough Therapy Designation status to Gamida’s NiCord® (“Nicord”), due to improvement in absorption of neutrophils blood cells in bone marrow transplant for patients with high risk hematological malignancies (blood cancers).
Breakthrough therapy designation is granted to a drug that is intended to treat serious or life-threatening diseases, and that preliminary clinical evidence indicates that the drug may demonstrate substantial improvement on a clinically significant endpoint(s) over available therapies.
A breakthrough therapy designation entitles the company to various benefits, such as: intensive FDA guidance, involvement of senior FDA managers in the process, option for a FDA rolling review of Nicord marketing approval application in the U.S (i.e. the FDA may agree to review parts of the application file which are submitted in phases, with no obligation of filling the whole file prior to the review commencement).
Shares of Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) ended Monday session in red amid volatile trading. The shares closed down -0.27 points or -1.60% at $16.58 with 3,500.00 shares getting traded. Post opening the session at $16.62, the shares hit an intraday low of $16.58 and an intraday high of $16.85 and the price vacillated in this range throughout the day. The company has a market cap of $72.47 million and the numbers of outstanding shares have been calculated to be 4.37 million shares.
Guaranty Federal Bancshares, Inc. (GFED) operates as the bank holding company for Guaranty Bank that provides banking products and services in the southwestern corner of Missouri. Its deposit products include checking accounts, money market accounts, savings accounts, fixed-term certificates of deposit, and individual retirement accounts. The companys loan portfolio comprises commercial real estate loans, one-to four-family mortgage loans, multi-family residential mortgage loans, construction loans, loans secured by certificates of deposit, automobile loans, boat loans, and home equity loans, as well as business, consumer, and other loans.