Today's pre-market stock movers: GME, GAN, HYZN and more

Moomoo Breakfast USwrote a column03/23/2022 20:19

Gainers:

• $First Advantage(FA.US)$ +5.59%, $General Mills(GIS.US)$ +3.06%, $Privia Health(PRVA.US)$+1.1% (also names new CFO).

Other news:

• $GameStop(GME.US)$ +12.1% (continued strength; RC Ventures (Ryan Cohen) increases active stake to 11.9%)

• $Aurora Cannabis(ACB.US)$ +7.6% (acquires Terra Fa rm a for $38 mln)

• $Opera(OPRA.US)$ +4.9% (sells 42.35% ownership interest in Nanobank for $127,1 mln)

• $MorphoSys(MOR.US)$ +2.8% (MOR and INCY receive Swissmedic temporary approval for Minjuvi in combination with lenalidomide)

• $Incyte(INCY.US)$ +2.1% (MOR. and INCY receive Swissmedic temporary approval for Minjuvi in combination with lenalidomide)

• $Primavera Capital Acquisition Corp(PV.US)$ +2.1% (Lanvin Group to become publicly traded on the NYSE via business combination with Primavera Capital Acquisition Corporation)

• $Churchill Downs(CHDN.US)$ +1.5% (to acquire Chasers Poker Room)

• $Root Inc(ROOT.US)$ +1.4% (names new CFO)

Analyst comments:

• $BP PLC(BP.US)$ +2.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley)

Losers:

• $GAN Ltd(GAN.US)$ -18.79%, $Hyzon Motors(HYZN.US)$ -10.65%, $Poshmark(POSH.US)$ -10.34%, $Snap One(SNPO.US)$ -7.3%, $Worthington Industries(WOR.US)$ -5.9%, $Winnebago Industries(WGO.US)$ -4.2%, $Adobe(ADBE.US)$ -3.3%.

Other news:

• $Piedmont Lithium(PLL.US)$ -8.7% (prices 1.75 mln share offering at $65/sh)

• $Archaea Energy(LFG.US)$ -7.2% (prices offering of 12993603 shares of the Company's Class A common stock by an existing stockholder at $17.75 per share)

• $Bank of Montreal(BMO.US)$ -2.9% (announces C$2.7 bln stock offering)

• $argenx SE(ARGX.US)$ -2.3% (announces $500 mln stock offering)

• $Centene(CNC.US)$ -1.5% (names new CEO)

Analyst comments:

• $GDS Holdings(GDS.US)$ -3.6% (downgraded to Outperform from Strong Buy at Raymond James)

• $LGI Homes(LGIH.US)$ -3.1% (downgraded to Sell from Neutral at BTIG Research)

• $American Woodmark(AMWD.US)$ -2.8% (downgraded to Hold from Buy at Loop Capital)

• $Aligos Therapeutics(ALGS.US)$ -2.1% (downgraded to Neutral from Overweight at Piper Sandler)

• $Fortune Brands Home & Security(FBHS.US)$ -1.5% (downgraded to Hold from Buy at Loop Capital)

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