Today's pre-market stock movers: DWAC, LVS, TWTR, NIO and more

Moomoo Breakfast US wrote a column · Jul 11, 2022 07:28

Gainers:

• $Genius Group(GNS.US)$ +16.5% (acquires California based University of Antelope Valley)

• $Digital World Acquisition Corp(DWAC.US)$ +16.2% (moves higher after hours after Elon Musk backs out of Twitter deal)

• $High Tide(HITI.US)$ +5.9% (High Tide's Blessed CBD has begun sales of its premium hemp-derived CBD products on Amazon in the United Kingdom)

• $Camtek(CAMT.US)$ +5.3% (Camtek announces 2Q prelim revenue above the consensus)

• $The Timken(TKR.US)$ +5% (selected as exclusive provider of advanced precision drives for the Redstone Solar Thermal Power project in Northern Cape, South Africa)

• $Euronav(EURN.US)$ +2.5% (Frontline considers takeover bid on Euronav)

• $Ionis Pharmaceuticals(IONS.US)$ +2.3% (licenses rare kidney disease treatment and will advance into Phase 3 clinical study)

Analyst comments:

• $APi Group(APG.US)$ +2.5% (upgraded to Buy from Neutral at BofA Securities)

Losers:

• $Swvl Holdings(SWVL.US)$ -11% (to acquire Mexico-based Urbvan Mobility; acquisition is expected to be completed in Q3 2022)

• $Macrogenics(MGNX.US)$ -10% (Announces Closure of CP-MGA271-06 Study Evaluating Enoblituzumab plus Checkpoint Inhibition in Head and Neck Cancer)

• $Las Vegas Sands(LVS.US)$ -5.4% (entered into a loan agreement with Sands China)

• $Twitter (Delisted)(TWTR.US)$ -5.3% (Elon Musk sent a letter to Twitter formally notifying Twitter that Elon Musk is terminating their merger- agreement; Twitter Board confident in merger agreement and intends to close transaction at $54.20 per share price)

• $Rada Electronic(RADA.US)$ -3.4% (releases Leonardo DRS presentation)

• $NIO Inc(NIO.US)$ -3.3% (provides update on response to short seller report)

• $Terran Orbital(LLAP.US)$ -3.1% (files for 27,714,791 share common stock offering by selling shareholder)

• $Suncor Energy(SU.US)$ -2.3% (CEO to step down immediately, appoints Kris Smith as Interim CEO)

• $Uber Technologies(UBER.US)$ -2.2% (Uber attempted to lobby politicians and broke laws in effort to expand globally, according to The Guardian)

Analyst comments:

• $DigitalOcean(DOCN.US)$ -7.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)

• $Duolingo(DUOL.US)$ -3.7% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)

• $Dutch Bros(BROS.US)$ -3.5% (downgraded to Neutral from Outperform at Robert Baird)

• $AmerisourceBergen(ABC.US)$ -2.5% (downgraded to In-line from Outperform at Evercore ISI)

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