Case study: Imv Inc (NASDAQ: IMV) - Stockgeist

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.