SNCA Stock Price Increases Over 80% Pre-Market: Why It Happened

By Amit Chowdhry ● March 22, 2021
  • The stock price of Seneca Biopharma Inc (NASDAQ: SNCA) has increased by over 80% during pre-market trading. This is why it happened.

The stock price of Seneca Biopharma Inc (NASDAQ: SNCA) has increased by over 80% during pre-market trading. This appears to be a continuation of momentum from last week.

Last week, Seneca Biopharma announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. (“ISS”) has recommended that Seneca stockholders vote in support of the proposed merger with Leading BioSciences, Inc. (LBS) and vote “FOR” the proposals for the reverse stock split and issuance of shares in connection with the merger, to be considered and voted on at Seneca’s March 24, 2021 special meeting of stockholders.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.