These stocks are seeing selling pressure in the pre-market session, put them on your watchlist for the day to see if there will be any bounce back.
Document Security Systems, Inc. (NYSEAMERICAN:DSS) is the biggest percentage loser as the stock is all set to gap down. The stock slumped 41% to its new low of $1.62 in the pre-market session. The stock is seeing heavy sell-off after the company announced public offering equates to 29,000,000 shares of the Company’s common stock at a price of $1.50 per share.
Avenue Therapeutics Inc (NASDAQ:ATXI) continues to see weakness in the pre-open session after falling 29% in yesterday’s trading session. Yesterday, the company announced that it has received a second Complete Response Letter (“CRL”) from the U.S. Food and Drug Administration (“FDA”) regarding its New Drug Application (“NDA”) seeking approval for IV tramadol. The stock is down another 6% in the pre-market session on Tuesday.
NXT-ID Inc (NASDAQ:NXTD) is pulling back a bit in the pre-market session after soaring over 41% in Monday’s trading session. The stock gained momentum yesterday and closed at almost 1 month high. NXTD stock is down 8.21% to $1.23 before the market open. Over the past 6-month, the stock has gained over 173%.
Washington Prime Group Inc (NYSE:WPG) continues to see sell-off in the pre-open session after falling 26.50% in the previous trading session. The stock has been under pressure after it filed for Chapter 11 bankruptcy protection in the Southern District of Texas, following an agreement it reached with many of its creditors to restructure its debt. It intends to stay in business and, to that end, has secured $100 million in debtor-in-possession financing from its creditors for its day-to-day operations during the Chapter 11 process.
Neurobo Pharmaceuticals Inc (NASDAQ:NRBO) is pulling back a bit in the pre-market session after soaring over 26.69% in Monday’s trading session. Last week, the company announced an upcoming Special Meeting scheduled to seek stockholder approval for the issuance of common stock. NRBO stock is down 7% to $3.67 in the pre-market session.
