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Today's Pre-Market Stock Movers: PDD, DWAC, NVDA, CLTL and More

Moomoo Breakfast USwrote a column08/29/2022 20:33
Gapping up
In reaction to earnings/guidance:
$Pinduoduo(PDD.US)$ +15% (The company said its performance was boosted by a recovery in consumer sentiment.)
Other news:
$Hill International(HIL.US)$ +20% (Hill International and GISI announce enhancements to their strategic merger agreement)
$FiscalNote Holdings(NOTE.US)$ +11.3% (files for 87,504,863 share common stock offering, relates to warrants)
$Cytek Biosciences(CTKB.US)$ +2.9% (files mixed securities shelf offering)
$Lyra Therapeutics(LYRA.US)$ +1.7% (to Present Additional LANTERN Phase 2 Study Results for LYR-210 in Two Oral Presentations at ARS Annual Meeting)
$iPath Series B S&P 500 VIX Short-Term Futures ETN(VXX.US)$ +1.5% (trading higher with US futures under pressure)
$Amplify Energy(AMPY.US)$ +0.7% (settles with U.S. Attorney’s Office to resolve matters associated with Southern California pipeline incident)
Gapping down
In reaction to earnings/guidance:
Other news:
$Gates Industrial(GTES.US)$ -3.8% (files mixed securities shelf offering; also files for 178,587,591 share common stock offering by selling shareholders)
$Flex Ltd(FLEX.US)$ -2.7% (receives shareholder approval to purchase up to 20% of its shares, board has authorized management to continue its share repurchase plan in an amount not to exceed $1 bln)
$Digital World Acquisition Corp(DWAC.US)$ -2.2% (experiencing financial problems, according to Washington Post)
$NVIDIA(NVDA.US)$ -1.9% (Cautious Barrons article)
$Albemarle(ALB.US)$ -1.6% (concludes strategic review of Catalysts business; will retain under a separate, to-be-named entity and wholly owned subsidiary of Albemarle)
$Netflix(NFLX.US)$ -1.3% (Netflix is mulling a $7 to $9 monthly price for its soon-to-debut ad-supported service, according to a Bloomberg report. That compares with the $15.49 price for the company’s most popular current ad-free plan. Netflix fell 1.3% in premarket trading.)
$Kinsale Capital(KNSL.US)$ -1.1% (files mixed securities shelf offering)
Analyst comments:
$Dow Inc(DOW.US)$ -2.5% (downgraded to Underweight from Sector Weight at KeyBanc Capital Markets)
$Diamondrock Hospitality Co(DRH.US)$ -1.8% (downgraded to Equal Weight from Overweight at Wells Fargo)
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Moomoo Breakfast US
ColumnBefore the Bell | Consumer spending gains seen as cooling
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