Why SeaStar Medical Stock Is Trading Higher Wednesday

SeaStar Medical ICU shares are moving higher Wednesday after the company announced that the FDA has agreed to the final labeling for QUELIMMUNE.

The Details: QUELIMMUNE is a novel treatment for children with acute kidney injury and sepsis that require kidney replacement therapy.

Approximately half of the patients with acute kidney injury that require kidney replacement therapy survive. According to SeaStar Medical, the survival rate for children who undergo QUELIMMUNE treatment is 77%, based upon two non-controlled studies.

“We expect to begin shipping this month and are excited to bring the potential lifesaving and quality-of-life benefits of QUELIMMUNE to critically ill children,” said Eric Schlorff, SeaStar Medical CEO.

The medical device company is currently conducting a trial with adults.

How To Buy SeaStar Medical Shares

By now you're likely curious about how to participate in the market for SeaStar Medical Holding – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of SeaStar Medical Holding ICU, which is trading at $9.86 as of publishing time, $100 would buy you 10.14 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Related Link: Walmart Explores Sale Of Closed Health Clinics To Recoup Investments: Report

ICU Price Action: At the time of writing, SeaStar stock is trading .79% higher at $8.94 per data from Benzinga Pro.

Image: PublicDomainPictures from Pixabay