Markets are trading higher today as investor sentiment improves. The Post Vice Presidential debate discussion has been mixed, however it doesn’t seem to have negatively impacted the stock market on Wednesday. In the next few weeks, companies will reveal their third quarter financial results. In addition, many companies will also likely offer their expectations for the new year ahead. In advance of this, many small and microcap equities have taken aim at higher price movement during the afternoon session. Included in this are Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) and Iddriven Inc (OTCMKTS:IDDR).
Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) has been on a bull run over the better part of the last few weeks. The stock took a tumble in early August but has since recovered almost to the pre-breakdown price. The company announced that its investigational drug, Voclosporin, achieved the primary and all pre-specified secondary endpoints in a Phase 2b Aura-LV study for Lupus Nephritis. Shares of AUPH have reached a high of $4.06, which equates to an increase of over 100% since the end of August.
Iddriven Inc (OTCMKTS:IDDR) has caught the spotlight as more security breach information has come to light. On the heels of the more recent “state sponsored” security hack of tech giant, Yahoo! Inc. (NASDAQ:YHOO), more data has come about with regard to mega hacks of companies like Dropbox and even Amazon.com, Inc. (NASDAQ:AMZN), potentially speaking. Amazon has not come out to say they were breached but they did reach out to many of their subscribers saying that information was found online that relates back to many of Amazon users. In the wake of this, shares of IDDR have shown strength over the better part of the last few weeks and move up significantly from lows of $0.051 to as high as $0.185. The stock has churned on Wednesday at $0.1845.