Why Is Science 37 (SNCE) Stock Up 9% Today?

Science 37 (NASDAQ:SNCE) stock is rising higher on Monday following news of inducement equity awards for its Metasite employees.

According to a press release from Science 37, the awards were approved by its Board of Directors in November 2022. They have also been approved by the Compensation Committee. This has them acting as a material inducement to the non-executive employees gaining employment at the company.

To go along with this, options to purchase an aggregate of 86,300 shares of SNCE stock were approved on March 10, 2023. The exercise price for these options is 24 cents per share. These have a 10-year term and a four-year vesting schedule. The stock was made available to 13 new employees.

How This Affects SNCE Stock On Monday

Following news of the inducement equity award, shares of SNCE stock have seen heavy trading volume. As of this writing, more than 1.4 million shares of the stock have changed hands. That’s well above its daily average trading volume of about 618,000 shares.

Science 37 is a company focused on providing support to clinical research. It does so by allowing universal trial access for patients through its Metasite. This allows for greater patient diversity and recruiting power.

SNCE stock is up 8.7% in pre-market trading on Monday morning.

Investors seeking more of the latest stock market news will want to keep reading!

We’ve got all of the hottest stock market news traders need to know about on Monday! Among that is what has shares of Provention Bio (NASDAQ:PRVB) stock rising, the biggest pre-market stock movers this morning, and more. You can find all of that at the following links!

More Monday Stock Market News

• Why Is Provention Bio (PRVB) Stock Up 263% Today?
• Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
• Halted Stocks Alert: Bank Stocks SIVB, FRC, PACW, WAL, SBNY, Face Trading Halts

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More From InvestorPlace

• Buy This $5 Stock BEFORE This Apple Project Goes Live
• The Best $1 Investment You Can Make Today
• It doesn’t matter if you have $500 or $5 million. Do this now.

The post Why Is Science 37 (SNCE) Stock Up 9% Today? appeared first on InvestorPlace.

InvestorPlace| InvestorPlace