You Ask, We Analyze: Enveric Biosciences Stock Looks Ready To Skyrocket

On Sunday evening, Benzinga asked its followers on Twitter which stocks they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis. @blackrocktrades, @306Trader, @lteng92791590 and @heretoclear are all watching Enveric Biosciences, Inc (NASDAQ: ENVB), a cannabinoid-focused pharmaceutical company headquartered in Naples, Florida.

Pharmaceutical stocks, often due to their small floats, can make parabolic moves; on Friday, Enveric rallied 19% higher. The stock has just 16.96 shares available for trading and 31.43% are locked up with insiders and institutions with insiders owning 25.48% and institutions 5.95%.

See Also: 23 Stocks Moving in Tuesday’s PreMarket Session

The Enveric Chart: Enveric skyrocketed Friday due to extremely high bullish volume entering the stock. A total of 60.17 million shares exchanged …

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More You Ask, We Analyze: Enveric Biosciences Stock Looks Ready To Skyrocket