dow edges higher; Prometheus Biosciences Stock Jump – Enzymes…

dow edges higher; Prometheus Biosciences Stock Jump – Enzymes…

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US stocks traded lower towards the end of trade, with the Nasdaq Composite down about 0.5% on Wednesday.

The Dow rose 0.03% to 33,606.83 while the NASDAQ fell 0.41% to 10,969.66. The S&P 500 was also down 0.12% to 3,936.44.

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Leading and lagging sectors


Healthcare stocks rose 0.7% on Wednesday. Meanwhile top winner in the sector included Prometheus Biosciences, Inc. RXDXincreased by 170% and Before Biopharma Inc. BEFOREincreased by 35%.


Shares in communications services fell 0.8% in trading on Wednesday.


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U.S. crude oil inventories decreased 5.187 million for the week ended December 2, 2022 compared to market expectations for a 3.305 million decrease, the U.S. Energy Information Administration said.

Stock trading UP

  • Prometheus Biosciences, Inc. RXDX Shares soared 170% to $97.20 after the company announced results for PRA023 from both the ARTEMIS-UC Phase 2 and APOLLO-CD Phase 2a studies. ARTEMIS-UC met the primary endpoint.
  • shares of Before Biopharma Inc. BEFORE received a boost, rising 35% to $5.80 after the company received initial clinical data from VBP101, its Phase 1/2a, multi-center, open-label, Phase 1/2a study of tremtelectrogen empogeditemcel, or “Trem-Cel” in patients announced with acute myeloid had leukemia. Pre-Bio also priced the underwritten offering of 15.3 million common shares at $4.30 per share.
  • TransCode Therapeutics, Inc. RNAZ Shares were also higher, gaining 144% to $1.0260 after the company announced it was withdrawing its registration statement on Form S-1 filed on November 28, 2022 for a share offering for up to $12.5 million.

Stocks are trading down

  • Ensysce Biosciences, Inc. ENSC Shares fell 51% to $1.0950 after the company announced pricing for a $4.1 million public offering.
  • shares of Against Systems Inc. vs fell 46% to $0.81 after the company announced pricing of a $2.1 million public offering.
  • iBio, Inc. IBIO was down…

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