Diamonds and Dogs

6/8/15

Tobira Therapeutics Inc. (TBRA)

Tobira Therapeutics is looking healthy today, up 22.55% to $21.86. The liver and HIV treatment company saw its shares rally after news that it completed its recruitment for its Phase 2b CENTAUR study. Now that the company has a full recruitment of patients, it will be able to begin its study which it expects to have completed around mid-2016. The news helped shares rally over $4.00 but shares are well off of their 52-week high of $66.24.

The Airline Industry

Airlines are crashing and burning today with American, United, and Delta all down around 5% to $39.58, $51.29, and $40.90 respectively. Shares of the Airlines are continuing a decline due to increased capacity and pricing concerns. Also dragging on the industry is the Dow Transport Average heading lower, and some downgrades being tossed at the Airlines. The news is leaving many investors nervous and forcing shares down between $2-3 depending on the stock. The overall sentiment and downside in the Airline industry is leaving some to believe the industry is grossly oversold.