Are The Gains In These Hot Monday Stocks Sustainable?

It’s a good Monday for investors of ContraVir Pharmaceuticals Inc (NASDAQ:CTRV), Amicus Therapeutics, Inc. (NASDAQ:FOLD), and Oasis Petroleum Inc. (NYSE:OAS), as all three stocks have made significant jumps today. We’ll take a look at the reason why these stocks are being propelled higher and whether elite money managers think the gains are sustainable or not.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV)’s shares are up by a staggering 105.69% after the firm announced that its preliminary data for CMX157, its lipid prodrug of tenofovir, has shown that the treatment is 60-fold more effective than Gilead Sciences, Inc. (NASDAQ:GILD)’s Viread (tenofovir disoproxil fumarate) based on in vitro studies targeting the hepatitis B virus (HBV). The significant difference in effectiveness points to a considerable increase in safety and reduction of side effects compared to Viread, the firm notes. ContraVir said that since the lipid-conjugate design of CMX157 differentiates the drug from Viread, they plan to file an investigational new drug application for CMX157 as a treatment for HBV before the year ends. The firm also announced that its Phase 2 study for the drug for treating hepatitis B will start in 2016. It should be noted, nonetheless, that none of the more than 700 investors we track reported owning shares of ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) by the end of the second quarter.