Today's pre-market stock movers: DASH, UBER, RKLB, BIIB and more
Gainers:
• $Resolute Forest Products(RFP.US$ +65.7% (entered into an agreement under which Domtar will acquire all of the outstanding common shares of Resolute stock for $20.50 per share and one Contingent Value Right)
• $Applied Molecular(AMTI.US$ +2.9% (to report top-line Phase 2 results from MARKET combination Trial of Oral AMT-101)
• $Biogen(BIIB.US$ +2.1% (Biogen and Eisai receives BLA acceptance and Priority Review from FDA for Lecanemab)
• $Altria(MO.US$ +2% (FDA administratively stayed the marketing denial order; determined that there are scientific issues unique to the JUUL application that warrant additional review)
• $Virgin Orbit(VORB.US$ +1.5% (entered into a securities purchase agreement pursuant to which the Company sold and issued convertible debenture on June 29, 2022 in the principal amount of $50.0 mln)
• $Cambium Networks(CMBM.US$ +1.5% (delivers initial order of Microwave Line-of-Sight radios to Advanced Technology Systems Company)
• $JinkoSolar(JKS.US$ +1.1% (authorizes the Company to repurchase up to $200 million of its ordinary shares represented by ADSs during an 18-month period)
• $IVERIC bio(ISEE.US$ +1% (IVERIC bio and DelSiTech enter exclusive agreement for development of sustained release Zimura)
• $Veru Inc(VERU.US$ +1% (New England Journal of Medicine Evidence Publication of Phase 3 Clinical Trial Results Demonstrating that Sabizabulin Treatment Significantly Reduced Deaths in High-Risk Hospitalized COVID-19 Patients)
Analyst comments:
• $Centennial Resource Development(CDEV.US$ +3.5% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)
Losers:
• $DoorDash(DASH.US$ -7.6% (negative reaction to Amazon taking 2% stake in Just Eat Takeaway.com's US food delivery business GrubHub; to offer Prime members service for 1 year)
• $Healthcare Realty Trust Inc(HR.US$ -5% (Independent Proxy Advisory Firm Glass Lewis Recommends Healthcare Realty Trust Shareholders Vote for Proposed Transaction With Healthcare Trust of America)
• $Uber Technologies(UBER.US$ -3.3% (negative reaction to Amazon taking 2% stake in Just Eat Takeaway.com's US food delivery business GrubHub; to offer Prime members service for 1 year)
• $Vmware(VMW.US$ -1.7% (AVGO's deal to acquire VMW will move forward after rival bidder failed to emerge according to Bloomberg)
• $Danimer Scientific(DNMR.US$ -1.6% (to submit Part II application for loan guarantee under US DOE loan guarantee program)
• $Rocket Lab(RKLB.US$ -1.3% (next two launches will be responsive space missions for the U.S. govt)
• $Vista Outdoor(VSTO.US$ -1.3% (to acquire Irvine Calif.-based Fox Racing a global icon in performance motocross mountain bike and lifestyle gear for $540 mln + potential earnout)
Analyst comments:
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102415025 : Think today )?
102415025 : FDA may be coming soon
Greenback Stocks : economy typically turns to tech to innovate out of slumps. but tech is being punished. what other tech can we rely? crypto! its been stable since August and we might see growth soon. keep eye on $Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$ and lunac. $Terra (LUNA.CC)$
investing in crytpo will eventually turn around tech and our economy. mark cuban was right!