Case studies

StockGeist reflects very well developments in the stock exchange. Below you will find a small selection of illustrative examples to help you see this clearly.
CASE 1
In the period from February 25 to March 9, 2020, AYTU Bioscience Inc. (NASDAQ: AYTU) was only mentioned in social media 1-2 times per day. Then, on March 10, shortly after noon (UTC), an announcement was made about the company having secured an exclusive U.S. distribution agreement for COVID-19 point-of-care rapid tests. A burst of activity in social media followed this announcement immediately. StockGeist displayed 382 messages related to AYTU by 13:00 on the same day. Within the next hour, a total of 565 mentions were observed. Still three hours later, the activity in social media peaked to 2600+ messages received between 17:00 and 18:00. Meanwhile, the price of AYTU shares followed exactly the same pattern. For three consecutive weeks, the closing price was on a steady decline from 0.79 USD on February 14 to 0.35 USD on March 9, 2020. Then, on the day the exclusive distribution agreement was announced, the share price jumped from 1.30 USD at the opening all the way to 2.05 USD at the closing. One could argue that such a prominent volatility was closely related to the burst of activity in social media on AYTU.
CASE 2
Shares of Amgen (NASDAQ: AMGN) jumped 8.4% just after 19:00 (UTC) on July 1, 2020. This came after a U.S. appeals court ruled in Amgen's favor in a case challenging the validity of two patents for an immunology drug. In the period from June 28, 2020 19:00 to July 1, 2020 14:00, StockGeist displayed on average just 1-3 messages per hour related to AMGN. Then, at 15:00 the number of messages jumped to 24. Therefore, the spike of activity in social media occurred a couple of hours before the share price of AMGN shot up.
CASE 3
On July 6, 2020, the share price of Bellus Health Inc. (NASDAQ: BLU) opened at 13:30 (UTC) 69% down with respect to the closing price on July 2, 20:00. This followed the company’s announcement that a phase 2 trial of BLU-5937 as a treatment for refractory chronic cough had missed its mark. In the period from June 30, 2020 18:00 to July 5, 2020 23:00, StockGeist displayed most of the time just 1-2 messages per hour related to BLU. Then, on July 6, at 12:00 the number of messages jumped to 39. One hour later it increased to 122. This increase in the activity of social media was evident before the NASDAQ opening time at 13:30.
CASE 4
On July 14, 2020, the share price of Imv Inc (NASDAQ: IMV) jumped 109% at the NASDAQ opening time (13:30 UTC). This followed an update by the company on the rapid progress in developing DPX-COVID-19, its vaccine candidate against SARS-CoV2. The company announced it was working closely with regulators and collaborators to begin the Phase 1 study as soon as possible. In the period from July 9, 2020 15:00 to July 14, 2020 00:00, StockGeist displayed barely 1 message per hour related to IMV. Then, on July 14, at 12:00 the number of messages climbed to 206. Hence, the spike of activity in social media occurred 1.5 hour before the share price of IMV went up.
CASE 5
Shares of BIO-key International Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, jumped 33% at the NASDAQ opening time (13:30 UTC) on July 16, 2020. This followed an announcement by the company that its footprint in providing IAM for higher education continues to grow within the California Community College System with fifty colleges under support. In the period from July 10, 2020 12:00 to July 16, 2020 12:00, StockGeist displayed on average just 1-3 messages per hour related to BKYI. Then, on July 16, at 13:00 the number of messages jumped to 74. Again, a clear peak of activity in social media was observed just prior to the NASDAQ opening time.
CASE 6
Shares of Netflix (NASDAQ: NFLX) dropped 10% just after 20:00 (UTC) on July 16, 2020. This came after Netflix reported its Q2 financial performance that was below expectations coupled with a weaker performance forecast than anticipated. StockGeist was quick to respond to that. In the period from July 11, 2020 18:00 to July 16, 2020 16:00, it displayed 30-150 messages per hour related to NFLX. Then, on July 16, at 21:00 the number of messages skyrocketed to over 1000. This peak of activity in social media was observed just after the NASDAQ closing time when the Q2 report had been released.